Key points:
Official CBN Rate: ₦1,480.15 / USD
Black-Market Rate: ₦1,500 / USD
Drivers: Oil price swings, FX liquidity, inflation concerns
Top Tools: AbokiFX, FMDQ, Nairametrics FX Tracker
The naira firmed slightly in the parallel market to ₦1,500/$ from ₦1,510/$, while slipping marginally at...
Key points:
Official CBN Rate: ₦1,475.35 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Global risk aversion, foreign investors selling local assets, and limited CBN dollar supply
Top Tools: CBN FX Monitor, AbokiFX, Nairametrics FX Tracker
The Naira depreciated by ₦4.32 in the official market...
Key points:
Official CBN Rate: N1,465.29$ / USD (Appreciation of $0.29%)
Black-Market Rate: N1,490.00$ / USD (Remained unchanged)
Drivers: CBN injected N70 million in FX liquidity; external reserves rose by N92.5 million to N42.68 billion; improved market liquidity from local participants.
Top...
Key points:
Official CBN Rate: ₦1,463.44 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Decline in FX inflows, easing speculative pressure, CBN reforms boosting confidence
Top Tools: AbokiFX, FMDQ Exchange, Nairametrics FX Tracker
The naira stayed stable at ₦1,463.44/$1 on Wednesday, October...
Official CBN Rate: ₦1,460.49 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Cooling FX demand, increased liquidity, CBN reforms, and easing speculative activity.
Top Tools: AbokiFX, Investing.com, Nairametrics
The naira appreciated to ₦1,460.49/$1 at the official market, gaining ₦2.95 as FX...
Key Points:
Official CBN Rate: ₦1,457 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: Naira gains momentum as FX pressure eases, reforms boost investor confidence, and Nigeria’s removal from the FATF grey list lifts market sentiment.
Top Tools: AbokiFX, CBN FX Monitor, Nairametrics
The Naira...
Key points:
Official CBN Rate: ₦1,458.8 / USD
Black-Market Rate: ₦1,495 - ₦1,515 / USD
Drivers: FX supply constraints, seasonal import demand, and CBN liquidity operations.
Top Tools: FMDQ FX Market Rate, Nairametrics FX Tracker, AbokiFX
The Naira held near ₦1,459 on official windows, while...
Key Points:
Official CBN Rate: ₦1,453.07 / $1
Black-Market Rate: ₦1,490 / $1
Drivers: FX liquidity optimism, Nigeria’s removal from the FATF grey list, stronger oil receipts, and rising foreign reserves.
Top Tools: CBN FX Dashboard, AbokiFX, NAFEM Live Rates
The Naira strengthened to...
Key Points:
Official CBN Rate: ₦1,448 / $1
Black-Market Rate: ₦1,475 / $1
Drivers: Improved FX inflows from foreign portfolio investors, CBN interventions, exporters’ supply, and easing FX pressure due to ongoing economic reforms.
Top Tools: CBN FX Monitor, AbokiFX, Investing.com
The Naira...
Key points:
Official CBN Rate: ₦1,471.03 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: Cooling inflation, weak dollar supply, global risk aversion, and investor sell-offs amid US-China tensions.
Top Tools: AbokiFX, FMDQ, ParallelMarket.io
The naira appreciated slightly by 0.15% at the...
Key Points:
Official CBN Rate: ₦1,473 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: Lower CBN forex sales, strong portfolio inflows, easing inflation, rising FX reserves
Top Tools: AbokiFX, CBN FX Monitor, Nairametrics FX Tracker
The Naira slipped again on Wednesday, trading at ₦1,473/$1...
Official CBN Rate: ₦1,483 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Modest forex inflows, CBN interventions, steady global dollar.
Top Tools: AbokiFX, Investing.com, Nairametrics FX Tracker
The naira traded cautiously today, with only a ₦7 gap between the NFEM and parallel market. Analysts...
Key Points:
Official CBN Rate: ₦1,466 / USD
Black-Market Rate: ₦1,450 / USD
Drivers: Export inflows, tighter speculative activity, modest liquidity injections
Top Tools: AbokiFX, FMDQ, CBN FX Monitor
The naira extended its steady run on Monday, trading at ₦1,466 per dollar officially and...
Key Points:
Official CBN Rate: ₦1,464–₦1,466 / USD
Black-Market Rate: ₦1,470–₦1,480 / USD
Drivers: Improved FX liquidity, stronger oil inflows, steady CBN interventions, and mild global dollar strength.
Top Tools: NAFEM Data Hub, CBN FX Bulletin, AbokiFX
The naira strengthened slightly on...
Key points:
Official CBN Rate: ₦1,471 / USD
Black-Market Rate: ₦1,480 / USD
Drivers: Reduced forex inflows, oil production slump from PENGASSAN strike, rising dollar index
Top Tools: AbokiFX, Investing.com, CBN FX Monitor
The Naira slid further on Tuesday as dollar demand surged and inflows...
Key points:
Official CBN Rate: ₦1,470.62 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: Improved economic outlook, stronger GDP growth, forex demand pressure, and stabilising inflows.
Top Tools: CBN.gov.ng, AbokiFX, BluFX App
The naira appreciated slightly at the official market to...
Key Points:
Official CBN Rate: ₦1,470 / USD
Black-Market Rate: ₦1,500–₦1,515 / USD
Drivers: CBN liquidity management, rising retail dollar demand, and delayed FX inflows from oil exports.
Top Tools: FMDQ, CBN Bulletin, AbokiFX
The naira held steady at ₦1,470/$1 on the official window today...
Key points:
Official CBN Rate: N1,455.17 / USD
Black-Market Rate: N1,503 / USD
Drivers: Rising External Reserves ($42.58), Increased FX Liquidity
Top Tools: CBN Website, FMDQ Exchange, AbokiFX
The Naira ended the week with a massive gain at the official market, appreciating by N11.48 against...
Key points:
Official CBN Rate: N1,457.51 / USD
Black-Market Rate: N1,480 / USD
Drivers: Rising external reserves ($42.59bn) countered by Dangote Refinery's suspension of Naira sales for petrol, leading to marketer-announced fuel price hikes.
Top Tools: CBN Official Site, Bloomberg Terminal...
Key points:
Official (NAFEM) Rate: ₦1,444.35 / USD
GTBank Rate: ₦1,454 / USD
Black-Market Rate: ₦1,465 / USD
Drivers: Removal from the FATF grey list, higher oil revenues, rising forex inflows, and reduced speculative trading.
Top Tools: AbokiFX, FMDQ Exchange, FX Monitor
The naira gained...
