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Official market Dollar rate

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

CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market

September 1, 2023

The price of the United States currency, the dollar, was increased by N24.53 kobo in the Investors’ and Exporters’ window of the official market on Thursday. In a report obtained from the

Business News·Currency

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

August 31, 2023

The FMDQ Exchange reported on Wednesday that the price of the United States Dollar (USD) dropped by N37.16 kobo to N738.18/$1 in the Investors’ and Exporters’ window. It was learnt that the

Naira Ends Week With N59.71 Gain At Official Market

Business News·Currency

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

August 29, 2023

The official market aggregator, FMDQ Exchange, reported that the naira to dollar exchange rate closed at N772.12/$1 in the Investors’ and Exporters’ (I&E) window of the official market on Monday. According to

Naira Opens Week With Gain Across FX Markets

Business News·Currency

Dollar Sells At N778/$1 In CBN-backed Official Window, Stabilises In Black Market

August 28, 2023

In the Investors’ and Exporters’ window of the official market on Friday, the United States Dollar (USD) rate closed at N778.42/$1, up from N771.69/$1 reported on Thursday. This is according to the

Business News

Black Market Dollar Rate Hits N874/$1, Official Window Rate Rises

August 22, 2023

The naira depreciated in value by 2.94 per cent in the Investors’ and Exporters’ window after the dollar rate rose to N761.32/$1 at the close of trading on Monday. It was learnt that the

Business News·Currency

Dollar Rate Up In Official Window, Hits N874/$1 In Black Market

August 22, 2023

The naira depreciated in value by 2.94 per cent in the Investors’ and Exporters’ window after the dollar rate rose to N761.32/$1 at the close of trading on Monday. It was learnt that the

Naira Appreciates To N869/$1 As Experts Debate Stability

Business News·Currency

Black Market Dollar Rate Rises, Official USD Hits N757.51

August 9, 2023

The official market exchange rate between the dollar and the naira closed at N757.51/$1 on Tuesday, as the Nigerian currency appreciated by 2.22 per cent. This indicates the price for the United

Business News·Currency

CBN-backed I&E Window Reduces Dollar Rate, Black Market Sellers Hike Price

August 7, 2023

The price of the United States Dollar was reduced by N33.43 kobo at the end of trading in the official market on Friday, as it closed at N743.07/$1. Prime Business Africa gathered

Naira Ends Week With Marginal Gain Against Dollar

Business News·Currency

Dollar Rate Falls To N741/$1, Trades Above N800 In Black Market

August 3, 2023

The dollar rate in the official market depreciated by N47.44 kobo to N741.64/$1 on Wednesday, from the previous day’s N789.08/$1 rate. According to FMDQ Exchange, the dollar also went on sale for

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business News·Currency

Naira To Dollar Rate Hits N792/$1, Black Market Price Up N23

July 25, 2023

The naira to dollar rate traded as high as N855/$1 on Monday, and as low as N650/$1 in the Investors’ and Exporters’ window of the official market. However, at the close of

Business News·Currency

Naira Falls To Dollar Across Official, Black Markets

July 17, 2023

The cost of the dollar increased by N57.7 kobo in the Investors’ and Exporters’ (I&E) window and N7 in the Bureau De Change channel on Friday. Prime Business Africa learnt that the increase

Business News·Currency

Official Dollar Rate Surpasses Black Market Price, One Pound Hits N1002

July 10, 2023

In the official market on Friday, the dollar rate was increased by N14.27 kobo by the authorised dealers, while the naira depreciated by 1.87 per cent. This led to their clients buying

Business News·Currency

Dollar Rate Down N26 In Official Market, Black Market Price Rises

July 6, 2023

The cost of the United States Dollar (USD) in the official market was reduced by N26.13 kobo on Wednesday, June 5, FMDQ Exchange reports. As stated by the official market foreign exchange

Business News·Currency

Black Market Dollar Rate Slightly Surpasses Official Window Price

July 5, 2023

On Tuesday, the dollar cost more in the black market than in the official market, according to aggregators of both foreign exchange channels. In the Bureau De Change window of the black

Business News·Currency

Dollar Sells Above N760 In Official, Black Markets, BDC Increases Euro, Pound Rates

June 27, 2023

The dollar rates in the investors’ and exporters’ window of the official market and that of the Bureau De Change (BDC) window in the black market continue to converge. At the close

Business News·Currency

BDC Operators, Official Market Increase Dollar, Pound And Euro Rates

June 23, 2023

The foreign exchange rates rose across the official market and the black market on Thursday, according to reports from the FMDQ Exchange and Naira Rates. Data obtained from FMDQ Exchange, the official

Business News·Currency

One Dollar Costs N760 In Black Market, USD Rises In Official Market

June 22, 2023

The average rate of the dollar in the black market increased by N1.2 kobo or 0.15% on Wednesday, 21 June, to N760.3/$1, from the previous day’s N759.1/$1. However, the pound rate depreciated

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

Business News·Currency

Naira To Dollar Rate Fall To N756 In Official Market, Increases In Black Market

June 21, 2023

The naira to dollar rate closed at N756.61/$1 in the investors’ and exporters’ window of the official market on Tuesday, 19 June. Prime Business Africa learnt from the FMDQ Exchange that the

Business News·Currency

Dollar Rate Rises To N770/$1 In Official Market, Trade At N757 In Black Market

June 20, 2023

The official market has turned the tide against the black market, as the gap between both foreign exchange channels is N12.98 kobo, as of Monday, 19 June 2023. Prime Business Africa notes

Business News·Currency

Black Market’s Dollar, Euro And Pound Rates Rise, USD Drops By N39 In Official Market

June 19, 2023

In the Bureau De Change window of the black market, the cost of the dollar, euro and the British pound increased on Friday, as the value of the naira fell. According to

Business News·Currency

Official Market Traders Increase Dollar Rate To N702, Black Market USD, Pound Rates Drop

June 16, 2023

The official market dollar rate ended Thursday’s trading with N702.19/$1, up from the N664.04/$1 reported during the previous day’s session. According to the analysis of the official dollar rate provided by FMDQ

Business News·Currency

Cost Of Dollar Up In Black Market, Euro Sold At Lower Rate

June 8, 2023

Foreign exchange traders in the black market were offered the dollar at an average rate of N754.5 kobo on Wednesday. Naira Rates, a black market rate aggregator, reported that the price of

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

Business News·Currency

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

May 23, 2023

The Naira to Dollar rate closed Monday’s official foreign exchange market at N463.5 kobo/$1, with the Nigerian currency depreciating by 0.10 per cent. Investors and exporters were offered the Dollar at N0.5

Business News·Currency

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