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Foreign exchange rate

FX Market: Naira Opens Week With Decline

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

The dollar rate dropped by N5.1 kobo or 0.34 percent on Wednesday, November 26, after the naira appreciated against the United States currency in the parallel market. The dollar exchanged at N1,474.9/$ in the black market, compared to the N1,480 the greenback

November 26, 2025

Business

Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Nigeria Customs Exchange rate for calculating duties has increased by 2.04 per cent in four days. From N1,447.97/$1 on Monday, 10 June, it increased to N1477.65 as of Friday 14 June 2024.

June 14, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency

Naira Appreciates Further To ₦1,453 At Official Market

Naira continued its appreciation in the foreign exchange market closing trading at ₦1,453.28/$1 at the official market on Thursday, 21 March 2024. This means it recorded ₦39, reflecting 2.6 per cent gain from Wednesday’s closing rate of ₦1,492.61 according to Nigerian Autonomous

March 22, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·News

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Nigerian Naira witnessed a 0.85% decline, closing at N861.91/$1 at the official market on Thursday, revealing an ongoing economic challenge.

December 22, 2023

Business

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

Wale Edun, one of the ministerial nominees of President Bola Tinubu, has disclosed that corruption and inefficiencies are behind the dollar trading as high as N860/$1. The special adviser on monetary policies to President Tinubu also said the foreign exchange management in

August 2, 2023

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business·Insights

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

The Central Bank of Nigeria (CBN) has reported that Nigeria’s foreign reserves dropped to $33.98 billion on Wednesday, 19 July. This is the lowest level since August 2021 when the external reserves climbed to $34.01 billion during President Muhammadu Buhari’s tenure. Recall that

July 21, 2023

Business·Currency

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

The official market dollar rate on Tuesday was N742.93 kobo/$1 by the end of the session, which is below the N795.28 kobo posted on Monday. This means authorised dealers in the Investors’ and Exporters’ window were willing to drop the price of

July 19, 2023

Business

Foreign Airlines To Start Selling International Tickets At N803.90/$1

The International Air Transport Association (IATA) has informed travel agencies that foreign airline tickets will be sold at a new rate of N803.90/$1. IATA adjusted the exchange rate for international airlines from N776.90/$1 after the naira slumped consecutively against the dollar in

July 18, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

In the investors’ and exporters’ window of the official market, the United States Dollar (USD) was sold at N762.63/$1 on Thursday, 6 July. The FMDQ Exchange, the official foreign exchange rate aggregator, reported that the rate surpassed the N742.31/$1 rate dollar that

July 7, 2023

Tinubu Set To Attend COP 28 Summit In Dubai

Politics

Why I Chose To Unify Exchange Rate, Refused To Partake In Arbitrage – Tinubu

President Bola Ahmed Tinubu Thursday in Lagos said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial challenges.

June 30, 2023

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Foreign exchange rate

Naira Appreciates Against Dollar To N1,474.9/$ In Parallel Market

Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Naira Appreciates Further To ₦1,453 At Official Market

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

Foreign Airlines To Start Selling International Tickets At N803.90/$1

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

Why I Chose To Unify Exchange Rate, Refused To Partake In Arbitrage – Tinubu

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