Key points:
Official CBN Rate: ₦1,442.51 / USD
Black-Market Rate: ₦1,475 / USD
Drivers: Post-holiday drop in forex demand; Steady month-on-month growth in Nigeria's external reserves.
Top Tools: CBN Official Website, Aboki Fx
The Naira appreciated in both the official and parallel markets on...
Key points:
Official CBN Rate: ₦1,445.54 / USD
Black-Market Rate: ₦1,468 / USD
Drivers: CBN holding interest rates at 27% to fight inflation; Seasonal "Detty December" diaspora inflows; Rising external reserves providing a buffer.
Top Tools: CBN Forex, FMDQ FX, Aboki FX
The Naira shows...
Key points:
Official CBN Rate: ₦1,450.43 / USD
Black-Market Rate: ₦1,465 / USD
Drivers: Mounting seasonal FX demand for holiday payments; Anticipation of CBN market interventions; Expected boost from “Detty December” diaspora remittance inflows.
Top Tools: CBN Forex Portal, FMDQ FX Market...
Key points:
Official CBN (NAFEM) Rate: ₦1,450.92 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Increased FX liquidity; Dovish US Federal Reserve policy softening the Dollar; Sustained CBN reforms and foreign reserve accumulation.
Top Tools: FMDQ for NAFEM Data, Aboki Fx
The Naira holds...
Key points:
Official CBN Rate: ₦1,451 / USD
Black-Market Rate: ₦1,465 / USD
Drivers: Balanced seasonal year-end demand pressures; Anticipation of a US Federal Reserve interest rate decision; Gradual market adjustment awaiting further CBN policy signals.
Top Tools: CBN Forex Portal, Aboki Fx
The...
Key points:
Official CBN (NAFEX) Rate: ₦1,455.38 / USD
Black-Market Rate: ₦1,470 / USD
Drivers: Heightened seasonal demand from importers and retailers for the festive period (Yuletide); Mixed signals from the US Federal Reserve's recent policy decision.
Top Tools: FMDQ for NAFEX Data, CBN Forex...
Key points:
Official CBN (NAFEM) Rate: ₦1,456.07 / USD
Black-Market Rate: ₦1,470 / USD
Drivers: Intensifying seasonal FX demand for festive period payments; Continued CBN market interventions to manage volatility; Absence of significant non-seasonal inflows from corporates and exporters.
Top...
Key points:
Official CBN (NFEM) Rate: ₦1,448.68 / USD
Black-Market Rate: ₦1,449.56 / USD
Drivers: Central Bank of Nigeria (CBN) liquidity management; High benchmark Monetary Policy Rate (MPR) at 27.00%; Early stages of anticipated year-end corporate and personal FX demand.
Top Tools: CBN Forex...
Key points:
Official CBN (NAFEX) Rate: ₦1,451.82 / USD
Black-Market Rate: ₦1,475 / USD
Drivers: CBN intervention of $250 million to bolster dollar supply; Significant drop in inflation from 16.05% (Oct) to 14.45% (Nov); Declining overall FX market inflows from the previous week.
Top Tools: CBN...
Key points:
Black-Market Rate: ₦1,475 / USD
Drivers: A 15% weekly drop in overall FX market inflows; Absence of an immediate CBN supply intervention to offset reduced dollar inflows from exporters and foreign investors; External reserves at a supportive $45.47 billion.
Top Tools: CBN Forex...
Key points:
Official CBN (NAFEX) Rate: ₦1,464.49 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: High seasonal foreign exchange demand; Reduced supply from key sources (exporters, foreign portfolio investors, non-bank corporates); CBN intervention sales that are present but insufficient to meet...
Key points:
Official CBN (NAFEX) Rate: ₦1,456.56 / USD
Black-Market Rate: ₦1,485 / USD
Drivers: A $150 million Central Bank of Nigeria (CBN) forex intervention sale to authorised dealers; Seasonal dollar demand pressure; First weekly decline in Nigeria's foreign exchange reserves after 25 weeks...
Key points:
Official CBN (NFEM) Rate: ₦1,396.88 / USD
Black-Market Rate: ₦1,465 - ₦1,480 / USD (range)
Drivers: Sustained liquidity from the Central Bank of Nigeria's (CBN) consistent policy of clearing verified FX backlogs; Successful integration of the Electronic Foreign Exchange Matching...
Official CBN Rate: N1,550 / USD
Black-Market Rate: N1,600 / USD
Drivers: CBN intervention, market forces, foreign exchange liquidity, global crude oil prices.
Top Tools: AbokiFX, Bloomberg Terminal, CBN Official Website
Your Daily Rate The Naira showed a mixed performance on Monday...
🔹 Official CBN Rate: N1,533.64/$1
🔹 Black-Market Rate: N1,535/$1
🔹 Drivers: Weak oil revenues, limited foreign portfolio inflows, currency defense concerns
🔹 Top Tools: Forex Dashboard, Official FX Rates, Black Market Snapshot
Your Daily Rate Fix
The Naira saw a slight decline of 32 Kobo in...
Key points:
Official CBN Rate: N1,536.04/$1
Black-Market Rate: N1,537/$1
Drivers: Fresh FX demand pressure, confidence in Naira despite volatility, global economic conditions.
Top Tools: Naira Market Tracker, FX Rate Monitor, Black Market Tracker
The Naira saw a slight dip on Wednesday...
Key points:
Official CBN Rate: ₦1,534.39 / USD
Black-Market Rate: ₦1,540 / USD
Drivers: Forex market activity, capital inflows, investor confidence
Top Tools: XE, CBN Website, Naira Metrics
Your Daily Rate Fix
The Naira opened the new week on a positive note, appreciating by 27 kobo or 0.02%...
Key points:
Official CBN Rate: ₦1,534.48 / USD
Black-Market Rate: ₦1,540 / USD
Drivers: CBN reforms, forex supply, market stability
Top Tools: XE, CBN Website, Naira Metrics
Your Daily Rate Fix
The Naira closed at ₦1,534.48/$1 in the official market, losing 0.08% from the previous day...
Key points:
Official CBN Rate: ₦1,533.50 / USD
Black-Market Rate: ₦1,565 / USD
Drivers: Market speculation, U.S. Dollar index gains, forex reforms
Top Tools: XE, CBN Website, Naira Metrics
The Naira sank to ₦1,565/$1 in the black market due to heightened speculation, as the U.S. Dollar posted...
Key points:
Official CBN Rate: ₦1,534.51 / USD
Black-Market Rate: ₦1,543 / USD
Drivers: CBN forex sales, market stability, speculative activities
Top Tools: XE, CBN Website, Naira Metrics
The Naira weakened against the U.S. Dollar, closing at ₦1,543/$1 in the black market, up from ₦1,542/$1...
