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: ₦1,436.58 / USD
Black-Market Rate: ₦1,450 / USD
Drivers: Continued CBN FX intervention, rising external reserves ($43.324bn), strong Eurobond oversubscription (477%), and stable oil prices.
Top Tools: AbokiFX, NAFEX Official, CBN Rate Tracker
The naira...
Key Points
Official CBN Rate: ₦1,436.58 / USD
Black-Market Rate: ₦1,445–₦1,469 / USD (some trades near ₦1,515)
Drivers: Weak FX inflows, strong importer demand, and widening parallel market premium
Top Tools: CBN FX Dashboard, AbokiFX, FXRatesNG
The naira traded slightly weaker on Tuesday...
Key points:
Official CBN Rate: ₦1,437 / USD
Black-Market Rate: ₦1,455 – ₦1,465 / USD
Drivers: Limited FX supply for small cash needs, steady importer demand, and persistent liquidity pressure on the parallel market.
Top Tools: Nairametrics, AbokiFX
The naira weakened slightly across both...
Key points:
Official NFEM Rate: ₦1,448.03 / USD
Black-Market Rate: ₦1,455–₦1,460 / USD
Drivers: Improved FX liquidity, lower interest rates, CBN interventions, softer inflation
Top Tools: CBN NFEM Window, FMDQ I&E/NAFEM Feed, Abokiforex Live Tracker
The naira held steady on Tuesday as...
Key points:
Official CBN Rate: ₦1,447.43 / USD
Black-Market Rate: ₦1,465 / USD
Drivers: Strengthening foreign reserves, slight interbank gains, stable inflation expectations
Top Tools: CBN NFEM Window, FMDQ I&E, Abokif
Your Daily Rate Fix
The Naira recorded its first day of appreciation...
Key points:
Official CBN Rate: ₦1,454.18 / USD
Black-Market Rate: ₦1,465 / USD
Drivers: Tight forex liquidity, high demand for dollars, minimal CBN interventions, rising FX inflows from foreign investors
Top Tools: FMDQ, GTBank FX, AbokiFX
The Naira slipped against the US Dollar on Wednesday...
Official CBN (NFEM) Rate: ₦1,450 / $1
Black-Market Rate: ₦1,460–₦1,474 / $1
Drivers: Limited FX inflows, high importer demand, retail FX pressure, and lingering confidence issues despite recent CBN interventions.
Top Tools: CBN NFEM Portal, FX Market Tracker, Lagos Parallel Market Monitor
The...
Key points:
Official CBN Rate: N1,456.72 / USD
Black-Market Rate: N1,465 / USD
Drivers: Minimal FX interventions by the Central Bank, strong offshore inflows, Eurobond issuance, structural supply-demand imbalances, and global dollar movements
Top Tools: NAFEM Live, GTBank FX Portal, AbokiFX...
Official CBN Rate: ₦1,452.68 / USD
Black-Market Rate: ₦1,470–₦1,480 / USD
Drivers: FX shortages, weak dollar supply, retail market pressure, and low inflows from oil & investment.
Top Tools: AbokiFX, CBN I&E Window Feed, FXWatch Live
The naira opened the week under renewed pressure as the...
Official CBN/NFEM Rate: ₦1,456 / $1
Black-Market Rate: ₦1,455–₦1,465 / $1
Drivers: Slower FX inflows, steady retail demand, impact of CBN’s September policy rate cut, and year-end seasonal pressure.
Top Tools: AbokiFX Pro, CBN NFEM Dashboard, FX BlueTrack
The naira held around ₦1,456/$ at the...
Key Points:
Official CBN Rate: ~₦1,446 / USD
Black-Market Rate: ₦1,460–₦1,465 / USD
Drivers: Tight FX liquidity, strong street demand, limited official supply, mild intraday volatility, and businesses sourcing dollars outside formal channels.
Top Tools: AbokiFX Live, FXMallam, NAFEM Dashboard...
Key Points:
Official CBN Rate: ₦1,436.74 / USD
Black-Market Rate: ₦1,450 / USD
Drivers: Strong Eurobond demand, rising reserves, CBN FX interventions, investor confidence, and easing inflation.
Top Tools: CBN FX Monitor, AbokiFX, RateX Africa
The Naira gained 0.12% at the official market...
Key points:
Official CBN Rate: ₦1,438.49 / $1
Black-Market Rate: ₦1,450 / $1
Drivers: Year-end FX demand surge, tightening liquidity, and steady growth in Nigeria’s $43.27bn external reserves.
Top Tools: AbokiFX, FMDQ Exchange, NairaRates.io
The Naira slipped by 0.25% at NAFEM, closing at...
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...
