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Official dollar rate

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

Official Window, Black Market Dollar Rates Rise As Naira Depreciates

August 30, 2023

On Tuesday, the naira dropped in value by 0.41 per cent, as the exchange rate to the dollar settled at N775.34/$1 in the Investors’ and Exporters’ window of the official market. The

Business News·Currency

Black Market, Official Window Forex Dealers Drop Dollar Rate

August 25, 2023

Authorised dealers and their clients traded the dollar at the rate of N771.69/$1 at the close of trading in the Investors’ and Exporters’ (I&E) window of the official market on Thursday. This

Business News·Currency

Black Market, Official Window Dollar Rates’ Gap Widens To N127 After BDCs Hike USD Price

August 24, 2023

Foreign exchange traders recorded a slight increase in the price of the United States Dollar (USD) in the official market on Wednesday, as the rate rose to N773.42/$1 from N770.72/$1 rate. However,

Official Market Records Decline In Dollar Rate, Trade Flat In Black Market

Business News·Currency

Dollar Crashes In Black Market, Maintains Increase In Official Window

August 23, 2023

FMDQ Exchange reported on Tuesday that the rate of the United States Dollar (USD) increased by N9.2 kobo in the Investors’ and Exporters’ window of the official market. Prime Business Africa learnt

Naira Ends Week With N59.71 Gain At Official Market

Business News·Currency

Dollar, Pound, Euro Rates Slump After CBN Lifts Ban On Black Market

August 21, 2023

The naira increased in value after trading closed on Friday in the official market, appreciating by 0.15 per cent, as the United States Dollar (USD) ended trading at the rate of N739.52/$1.

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business News·Currency

Naira Gains, As Dollar Rates Drop In Official Window, Black Market

August 18, 2023

The value of the United States Dollar depreciated by N19.19 kobo or 2.52 per cent on Thursday to N740.67/$1, from the preceding day’s N759.86/$1. This was according to the data obtained from

Business News·Currency

Dollar Falls In Official Window, Black Market USD Rate Drops To N910

August 17, 2023

Investors and exporters saw the value of the United States Dollar (USD) drop to N759.86/$1 in the official market on Wednesday, as the naira appreciated by 1.92 per cent. The authorised dealers

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

Business News

Authorised Dealers Increase Price Of Dollars

August 16, 2023

The authorised dealers in the official market sold the United States Dollar (USD) at the rate of N774.77/$1 at the end of trading on Tuesday. According to data released by the FMDQ

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar Continues To Fluctuate, Pound, Euro Fall To Naira

August 15, 2023

The exchange rate between the naira and the dollar continues to fluctuate in the official market, as both currencies ended trading at N744.41/$1 on Monday. Prime Business Africa learnt that the price

Naira Appreciates To N869/$1 As Experts Debate Stability

Business News·Currency

Naira Appreciates Against Dollar In Official Window, USD Up In Parallel Market

August 14, 2023

The dollar rate in the Investors’ and Exporters’ window of the official market closed at N740.60/$1 on Friday, the FMDQ Exchange disclosed. According to a report obtained, the value of the naira

Business News·Currency

Gap Between Black Market, Official Window Dollar Rates Hits N120.56

August 11, 2023

On Thursday, data from the official window and the black channel showed that the gap between the two markets’ rates is now N120.56 kobo. According to Naira Rates, a parallel market aggregator,

Business News·Currency

Dollar Rate Hits N782 In Official Window, N891 In Black Markets

August 10, 2023

In the Investors’ and Exporters’ window of the official market, the naira to dollar rate settled at N782.38/$1 at the end of trading on Wednesday. The naira depreciated in value by 3.28

Business News·Currency

Dollar Sells At N776/$1 In I&E window, USD Price Changes In Black Market

August 4, 2023

Investors’ and exporters’ window recorded N776.50/$1 as the closing exchange rate between the naira and the United States Dollar on Thursday. The exchange rate between both currencies was raised by N34.86 kobo

Business News·Currency

Official, Black Markets’ Forex Dealers Increase Dollar Rate

August 2, 2023

In the investors’ and exporters’ window on Tuesday, the authorised dealers closed foreign exchange trading with N789.08/$1 rate. The authorised dealers increased the price of the dollar from N756.94/$1 rate offered on

Business News·Currency

Black Market, Official Dollar Rates Fall, Tinubu Defends Naira Devaluation

August 1, 2023

The official foreign exchange authorised dealers dropped the price of the dollar by N18.82 kobo at the close of trading on Monday. According to the FMDQ Exchange, the official naira to dollar

Business News·Currency

Official Dollar Rate Drops To A Low Of N465, BDC USD Price Rises

July 31, 2023

In the Investors’ and Exporters’ window of the official market on Friday, the dollar was traded as low as N465/$1 and as high as N799.50/$1. However, the dollar depreciated by N7.16 kobo

Business News·Currency

Dollar Rate Drops In CBN-backed Official Channel, Up In Black Market

July 26, 2023

The dollar rate dropped in the Investors’ and Exporters’ window to N791.42/$1 on Tuesday, 25 July, from N792.04/$1 reported on Monday. According to the FMDQ Exchange, the N0.62 kobo increase in the price

Business News·Currency

Dollar Sold As High As N855 In Official Forex Market

July 24, 2023

The official market dollar rate was up by N9.82 kobo on Friday as FMDQ Exchange reported it ended trading at N777.82/$1. Prime Business Africa had reported that the naira exchanged for the

Business News·Currency

CBN’s Authorised Dealers Sell Dollar At N853

July 20, 2023

In the Investors’ and Exporters’ window on Wednesday, the official naira to dollar exchange rate closed at N793.70/$1, rising from N742.93/$1. Prime Business Africa learnt that between Tuesday and Wednesday, the United

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’

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

Business News·Currency

Dollar Falls In I&E Window, Sold At N804 In Black Market

July 18, 2023

The naira recovered against the dollar in the Investors’ and Exporters’ (I&E) window of the official market on Monday, according to the FMDQ Exchange. Both currencies exchanged at N795.28 kobo/$1, by the

Business News·Currency

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

July 14, 2023

The naira to dollar rate in the investors’ and exporters’ window closed at N746.2/$1 on Thursday, as the value of the United States currency dropped by 4.63 per cent. Prime Business Africa

Business News·Currency

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

July 13, 2023

FMDQ Exchange, the official market aggregator, reported the naira to dollar exchange rate closed at N782.49/$1 on Wednesday. The United States Dollar was sold at a lower rate compared to the N788.42/$1

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Forex Transactions Fall, As Dollar, Euro And Pound Cost Buyers More

July 12, 2023

Investors and exporters traded $68.10 million in foreign exchange on Tuesday, dropping the value of transactions by 30.28 per cent. This represents a shortfall of $29.59 million, as foreign exchange traders recorded

Business News·Currency

Dollar Rate Drops In Official Channel, USD, Pound, Euro Rates Increase in Black Market

July 11, 2023

The authorised dealers sold the dollar at a reduced rate on Monday, 10 July, as buyers parted with N744.07/$1 at the end of trading in the official market. In a report released

Business News·Currency

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