Official market rate

Dollar Trades As Low As N475/$1 In Official Market, Stabilises In Black Market

Authorised dealers in the investors’ and exporters’ window on Monday increased the asking price of the United States Dollar to N774.78/$1. Investors and exporters saw the price rise by N31.71 kobo at

Fakoyejo Olalekan

9 months ago

Business·Currency

Black Market Dollar Rate Rises, Naira Gains Against USD In Official Market

The exchange rate for the Naira to Dollar transaction was N760.87 kobo/$1 in the Bureau De Change window of the black market earlier on Thursday, 25 May 2023. On Wednesday, foreign exchange

Fakoyejo Olalekan

11 months ago

Forex: Naira Ends Week On Positives Note With N1,431/$ At Official Market

Business·Currency

Gap Between Black Market, Official Window Dollar Rates Now N275.33

The gap between the foreign exchange rates for the Naira and the Dollar in the black market and the official window stood at N275.33 kobo on Tuesday, 16 May. Prime Business Africa gathered

Fakoyejo Olalekan

12 months ago

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

Business·Currency

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

The Dollar was sold at N462.73 kobo on the official foreign exchange market and N745/$1 in the black market on Thursday, 11 May. Traders saw the Naira they exchanged for the Dollar

Fakoyejo Olalekan

12 months ago

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

Fakoyejo Olalekan

12 months ago

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

Business·Currency

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

The foreign exchange (Forex) rate in the official market settled at ₦464 per Dollar on Friday, 14 April 2023, as the United States currency increased in value. Prime Business Africa learnt from

Fakoyejo Olalekan

1 year ago

Naira Appreciates To N869/$1 As Experts Debate Stability

Business·Currency

Dollar Rate Falls, As Two Governors Disagree Over CBN’s Cash Withdrawal Limit

On Monday, the naira finally gained against the United States dollar (USD) in the official exchange market, after four days of depreciation in the value of the Nigerian currency. At the end

Fakoyejo Olalekan

1 year ago

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Dollar Trades As Low As N475/$1 In Official Market, Stabilises In Black Market

Black Market Dollar Rate Rises, Naira Gains Against USD In Official Market

Gap Between Black Market, Official Window Dollar Rates Now N275.33

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

Dollar Rate Increases After $1.58 billion Drop In Foreign Reserves

Naira to Dollar Rate Today: Dollar Rate Rises In CBN-Backed Forex Market

Dollar Rate Falls, As Two Governors Disagree Over CBN’s Cash Withdrawal Limit

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