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Foreign exchange rate - Page 2

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

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

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 to allow Nigeria’s foreign exchange markets to operate a freely

June 14, 2023

Business·Currency

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

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 N734.6/$1. The day before, the naira exchanged for the dollar

June 1, 2023

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

Business·Currency

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

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 kobo more than the currency was priced at the close

May 24, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

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

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 from the FMDQ Exchange, the Naira to Dollar rate settled

May 22, 2023

Business·Currency

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

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 exporters bought the United States Dollar last week Thursday, 11

May 15, 2023

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

Business·Currency

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

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 the value of the Naira and ₦0.65 kobo drop in

May 8, 2023

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

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

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. Prime Business Africa learnt that the Naira to Dollar rate

May 5, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

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 to hold on to the gain recorded on Tuesday, 2

May 4, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

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 at the end of trading, as traders dropped the price

April 20, 2023

Business·Currency

Dollar Falls To Naira, Forex Supply Drops Significantly

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 official market. At the end of trading on Monday, the

April 18, 2023

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Foreign exchange rate - Page 2

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

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

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

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

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

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

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

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

Official Market’s Foreign Exchange Dealers Reduce Dollar Rate

Dollar Falls To Naira, Forex Supply Drops Significantly

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Foreign exchange rate - Page 2

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