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...
Key Points:
Official CBN Rate: ₦1,436 / $1
Black-Market Rate: ₦1,460 / $1
Drivers: CBN liquidity injections, higher oil revenue, diaspora inflows, reduced speculation, new 15% import levy on fuel
Top Tools: AbokiFX, NAFEM Tracker, CBN Rate Portal
The naira firmed at both official and parallel...
Key points:
Official CBN Rate: ₦1,421.73 / USD
Black-Market Rate: ₦1,450 / USD
Drivers: Rising forex inflows, stronger external reserves, Dangote refinery output, and renewed investor confidence.
Top Tools: CBN FX Dashboard, AbokiFX, Investing.com
The naira hit its strongest level of 2025...
Key Points:
Official CBN Rate: ₦1,436.34 / USD
Black-Market Rate: ₦1,440 / USD
Drivers: Investor caution after Trump’s military threat, steady informal FX supply, and mild remittance slowdown.
Top Tools: AbokiFX, CBN FX Monitor, NairaRates.io
Despite Donald Trump’s military threats, the naira...
Key Points:
Official CBN Rate: ₦1,434.85 / $1
Black-Market Rate: ₦1,450 / $1
Drivers: Fading U.S. military threat rhetoric, stable external reserves, rising FX inflows from exporters and corporates.
Top Tools: abokiFX, CBN FX Dashboard, NairaRatesLive
The naira held firm on Tuesday...
Key points:
Official CBN Rate: N1,445.9 / USD
Black-Market Rate: N1,470 / USD
Drivers: Strong CBN reserves, festive FX demand, remittances, oil revenue, portfolio inflows
Top Tools: FMDQ, AbokiFX, GTBank Forex
The Naira showed mixed performance today: it slipped to N1,445.9/$ in the official...
Key points:
Official CBN Rate: N1,446.74 / USD
Black-Market Rate: N1,470 / USD
Drivers: declining FX inflows, weak liquidity, profit-taking after mid-week gains, and cautious CBN interventions
Top Tools: AbokiFX Pro, FMDQ Exchange Feed, FXMonitor Live
The naira closed the week weaker at the...
Key points:
Official CBN Rate (NAFEM): ₦1,445.39 / USD
Black-Market Rate: ₦1,460 / USD
Drivers: Year-end demand pressure eased as rising foreign reserves, up 10.9% to $44.66bn, boosted confidence in possible CBN intervention. Improved FX inflows and remittances also supported the official...
Key points:
Official CBN (NFEM) Rate: ₦1,441.85 / USD
Black-Market Rate: ₦1,455 - ₦1,465 / USD (range)
Drivers: Resumption of post-festive season business activity; Heightened demand from manufacturers and importers for Q1 restocking; Ongoing efforts for exchange rate convergence through...
Key points:
Official CBN (NFEM) Rate: ₦1,431.47 / USD
Black-Market Rate: ₦1,495 - ₦1,510 / USD (range)
Drivers: Balanced demand from school fees and seasonal business imports; Consistent Central Bank of Nigeria (CBN) market interventions; Improved foreign portfolio inflows.
Top Tools: CBN Forex...
Key points:
Official CBN (NAFEM) Rate: ₦1,423.17 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Supply squeeze in the foreign exchange (FX) market following a period of improved liquidity; Underlying concerns over weak oil prices and potential FX liquidity crises.
Top Tools: CBN Forex Portal...
Key points:
Official CBN (NFEM) Rate: ₦1,423.82 / USD
Black-Market Rate: ₦1,475 - ₦1,490 / USD (range)
Drivers: CBN efforts to ensure transparency and steady FX supply for legitimate obligations; Early-year corporate demand; Steadying oil revenues supporting monetary policy.
Top Tools: CBN...
Key points:
Official CBN (NAFEM) Rate: ₦1,421.46 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Inflow of foreign portfolio investment (FPI); Supportive supply from non-bank corporate sources; CBN policy emphasis on exchange rate stability over rapid appreciation.
Top Tools: CBN Forex Portal...
Key points:
Official CBN (NFEM) Rate: ₦1,422.75 / USD
Black-Market Rate: ₦1,465 - ₦1,475 / USD (range)
Drivers: Consistent Central Bank of Nigeria (CBN) interventions; Improved banking system liquidity; Cooling inflation and rising foreign exchange reserves providing a stability buffer.
Top...
Key points:
Official CBN (NFEM) Rate: ₦1,417.53 / USD
Black-Market Rate: ₦1,465 - ₦1,480 / USD (range)
Drivers: A "consolidation phase" in the economy with a 4.68% growth target for the year; Improved transparency in the Central Bank's external debt and liquidity management; Easing inflation...
Key points:
Official CBN (NAFEM) Rate: ₦1,419.35 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: Anticipated stronger foreign inflows from higher oil receipts and Foreign Portfolio Investment (FPI); Consistent foreign exchange management by the Central Bank of Nigeria (CBN); International...
Key points:
Official CBN (NFEM) Rate: ₦1,423 / USD
Black-Market Rate: ₦1,486 / USD
Drivers: Intense foreign exchange demand in the parallel market; Ongoing Central Bank of Nigeria (CBN) reforms and interventions providing relative stability in the official window; Global U.S. dollar sentiment...
Key points:
Official CBN (NFEM) Rate: ₦1,394 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Official-market reforms and improved liquidity conditions; Global U.S. dollar weakness providing external support; A temporary easing of pressure on the local currency.
Top Tools: CBN Official Website...
Key points:
Official CBN (NFEM) Rate: N1,385 / USD
Black-Market Rate: [RATE NOT SPECIFIED] / USD
Drivers: Global retreat of the US dollar; Increased dollar supply and reduced pressure in Nigeria's official foreign exchange window; Improved FX liquidity from exports, remittances, and...
Key points:
Official CBN (NAFEM) Rate: ₦1,445.68 / USD
Black-Market Rate: ₦1,480 / USD
Drivers: Persistent market demand pressure outweighing Central Bank of Nigeria (CBN) interventions; Lingering investor apprehension following recent security operations; An additional $50 million in CBN FX...
