Browse Tag

Foreign exchange rate

FX Market: Naira Opens Week With Decline

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

November 26, 2025

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/$

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

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

June 14, 2024

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.

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

Business News·Currency

Naira Appreciates Further To ₦1,453 At Official Market

March 22, 2024

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

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business News·News

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

December 22, 2023

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

Why Wale Edun’s New Job Is Puzzling

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

August 2, 2023

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

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

Business News·Insights

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

July 21, 2023

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

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

Business News·Currency

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

July 19, 2023

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’

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

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

July 18, 2023

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

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business News·Currency

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

July 7, 2023

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,

Tinubu Set To Attend COP 28 Summit In Dubai

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

June 30, 2023

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

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business News·Currency

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

June 14, 2023

The Central Bank of Nigeria (CBN) has reportedly directed Deposit Money Banks (DMBs) to sell dollars, euros and pounds at market-determined rates. According to a report by Nairametrics, the CBN has decided

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business News·Currency

Dollar, Pound, Euro Rates Fall 3 Days Straight In Black Market

June 1, 2023

The dollar rate in the Bureau De Change of the black market fell by N15.4 kobo on Thursday morning, as foreign exchange traders transacted the United States currency at a rate of

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business News·Currency

Dollar Gains Against Naira, As Foreign Exchange Traders Await CBN’s MPC Decision

May 24, 2023

On Tuesday, 23 May, the United States Dollar was sold to investors and exporters in the official market at the rate of N464.42 kobo/$1. They were sold the American greenback at N0.92

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business News·Currency

Dollar Sells At N463 In Official Market, Black Market Traders Buy At N759

May 22, 2023

The Dollar rate was static in the official market, as traders in the investors’ and exporters’ window traded fewer foreign exchange on Friday. At the end of trading, according to data obtained

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business News·Currency

Black Market Operators Buy Dollar At N738, Pound N920, As Official Market Rate Drops

May 15, 2023

The Dollar was offered to traders in the official market at the rate of N462.33/$1 by the close of business on Friday, 12 May. This is lower than the N462.73/$1 investors and

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business News·Currency

Naira To Dollar Rate Closes At N462.23, Foreign Exchange Supply Up By $19.86 million

May 8, 2023

The Naira and Dollar exchange rate settled at ₦462.23 kobo/$1 at the close of business in the official market on Friday, 5 May 2023. This represents a 0.14 per cent increase in

Naira Appreciates To N869/$1 As Experts Debate Stability

Business News·Currency

Dollar Weakens As Tinubu Eyes New Exchange Rate For Traders, Investors

May 5, 2023

The Dollar shed some value to the Naira on Thursday, 4 May, resulting in the Nigerian currency rising by 0.02 per cent, while the cost of the greenback dropped by N0.12 kobo.

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

May 4, 2023

At the end of trading in the foreign exchange (forex) official market on Wednesday, 3 May, the Naira slumped to the Dollar, as the forex rate closed at ₦463/$1. The Naira failed

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

April 20, 2023

The official market’s foreign exchange rate closed at ₦462.50 kobo on Wednesday, 19 April 2023, as the Dollar loses ground to the Naira. Nigeria’s currency grew in value by 0.16 per cent

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar Falls To Naira, Forex Supply Drops Significantly

April 18, 2023

The Naira fought back against the Dollar on Monday, 17 April 2023, gaining 0.37 per cent in value, as the cost of the United States currency dropped by ₦1.75 kobo in the

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business News·Currency

Dollar To Naira Exchange Rate: Again, CBN’s Intervention Fails To Save Naira Against Dollar

October 7, 2022

The United States dollar depreciated in value against the naira on Thursday, after the Bureau De Change (BDC) operator cut the cost of buying $1 in the black market by -0.27 per

Borrow To Invest In Regenerative Devt Projects – Obi Advises FG

Peter Obi To End CBN’s Fixed Foreign Exchange Rates, Reveals Plan For Startups

September 5, 2022

The Central Bank of Nigeria (CBN) fixed foreign exchange (forex) rates could end next year, as Presidential candidate of the Labour Party, Peter Obi, said the controlled price must be stopped, arguing

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar To Naira Exchange Rate: BDC Operators Increase Dollar Rates After CBN Snub

August 24, 2022

August 24, 2022 Dollar Rates Update: Bureau De Change (BDC) operators increased Dollar rates on Tuesday, as demand for the United States currency outweighs supply in the black market and official forex

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA marina house

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

NGX

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

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