Key points:
Official CBN Rate: N1,538.4 / USD
Black-Market Rate: N1,560 / USD
Drivers: Global oil prices, inflation, and CBN policies.
The Naira showed a mixed performance, appreciating slightly in the parallel market from N1,565 to N1,560, while depreciating to N1,538.4 in the official...
Key points:
Official CBN Rate: N1,537.38 / USD
Black-Market Rate: N1,555 / USD
Drivers: Volatility in global oil prices and persistent FX injections by the Central Bank of Nigeria (CBN).
Top Tools: Bloomberg Terminal, Reuters Eikon, AbokiFX
The Naira faced renewed pressure in the official...
Key points:
Official CBN Rate: ₦1,532.73 / USD
Black-Market Rate: ₦1,550 / USD
Drivers: CBN forex sales, portfolio investment inflows, improving market confidence
Top Tools: XE, CBN Website, Naira Metrics
The Naira appreciated in the official market, closing at ₦1,532.73/$1, up by ₦1.81 or...
Key points:
Official CBN Rate: N1,533.77 / USD
Black-Market Rate: N1,550 / USD
Drivers: FX liquidity, government interventions, foreign inflows, inflation trends
The Naira has weakened slightly in both official and black-market exchange rates today, reflecting pressure in the FX markets. The...
Key points:
Official CBN Rate: N1,536.18 / USD
Black-Market Rate: N1,550 / USD
Drivers: FX pressure, Central Bank’s non-intervention, seasonal demand
Top Tools: CBN Rate, Parallel Market Snapshot, Crypto Market Insights
The Naira weakened slightly, closing at N1,536.18/$1 in the official...
Key points:
Official CBN Rate: N1,533.22 / USD
Black-Market Rate: N1,535 / USD
Drivers: Demand increases, improved crude output, CBN intervention, foreign portfolio investment inflows
Top Tools: Interbank Forex Quotes, Official FX Market Data, Parallel Market Updates
Naira depreciates...
Key Points:
Official CBN Rate: N1,529.96 / USD
Black-Market Rate: N1,535 / USD
Drivers: Naira’s depreciation follows lower oil prices, modest production recovery, and increased foreign portfolio investment.
Top Tools:
The Nigerian Naira saw a minor depreciation, losing 21 Kobo at the...
Official CBN Rate: N1,549 / USD
Black-Market Rate: N1,585 / USD
Drivers: CBN intervention, market forces, foreign exchange dynamics
Top Tools: AbokiFX, Bloomberg Terminal, CBN Official Website
The Naira experienced a slight depreciation against the US Dollar in the official market to...
Official CBN Rate: ₦1,549.21 / USD
Black-Market Rate: ₦1,580 / USD
Drivers: US Fed’s dovish tone, inflation trends, local FX market dynamics
Top Tools: cbn.gov.ng, abokifx.com, nairametrics.com
The naira slipped slightly by 12 Kobo to ₦1,549.21/$1 at the official market on Wednesday, even as...
Official CBN Rate: ₦1,543.94 / USD
Black-Market Rate: ₦1,580 / USD
Drivers: FX inflows from IOCs & FPIs, global risk-on mood, reform optimism
Top Tools: cbn.gov.ng, abokifx.com, nairametrics.com
After a brief losing streak, the naira rebounded at the official window, gaining ₦5.27 to close at...
Official CBN Rate: ₦1,538 / $1
Black-Market Rate: ₦1,570 / $1
Boosted dollar supply, strong investor confidence, and macroeconomic reforms
Tools: AbokiFX, NAFEM Tracker, FX Rate Today
The naira showed modest gains on Friday, appreciating to ₦1,538/$ at the official market and ₦1,570/$ on the...
Key points:
Official CBN Rate: N1,518 / USD
Black-Market Rate: N1,530 / USD
Drivers: Positive foreign portfolio inflows, improved oil production, and CBN interventions.
Top Tools: Bank FX Rate Tracker, Official Market Monitor, Parallel Rate Checker
The Naira reached a four-month high, surging...
Key points:
Official CBN Rate: N1,531.10 / USD
Black-Market Rate: N1,535 / USD
Drivers: FX reserve improvements, increased portfolio investments, import-related demand
Top Tools: CBN Forex Data, Forex Reserve Tracker, ParallelMarketRates
The Naira weakened by N4.50, closing at N1,531.10/$1 in...
Key points:
Official CBN Rate: N1,526.60 / USD
Black-Market Rate: N1,530 / USD
Drivers: Naira pressure, global economic outlook, FX reserves, external loans
Top Tools: CBN Forex Data, Forex Reserve Tracker, Black-Market Rate Monitor
The Naira weakened by 84 Kobo, trading at N1,526.60/$1 in...
Key points:
Official CBN Rate: N1,529.5 / USD
Black-Market Rate: N1,565 / USD
Drivers: Depreciation of the Naira, widening gap between parallel and official rates
Top Tools: CBN Exchange Rate Monitor, Parallel Market Tracker, Forex Rate Comparison Tools
The Naira has depreciated further in...
Key points:
Official CBN Rate: N1528 / USD
Black-Market Rate: N2,000 / USD
Drivers: IMF support for CBN policies, Naira card transactions, global market fluctuations
Top Tools: Naira Live Rates, Currency Converter, Black-Market Snapshots
The Naira is nearing the N1,500/$ threshold, trading at...
Official CBN Rate (NAFEM): ₦1,525.99 / USD *(+0.02%)*
Black-Market Rate: ₦1,550 / USD (flat)
Drivers:
FX Liquidity Boost: Improved dollar supply from short-term government debt yields
Oil Price Warning: IMF cautions Nigeria may face earnings decline if crude prices fall further
Crypto Slump...
Key points:
Official CBN Rate: N1,532 / USD
Black-Market Rate: N1,585 / USD
Drivers: CBN market intervention, demand pressure, oil price fluctuations
Top Tools: CBN Forex Rates, NairaWatch, Black Market Tracker
The Naira saw a slight depreciation in the parallel market, trading at N1,585 per...
Key points:
Official CBN Rate: N1,535.78 / USD
Black-Market Rate: N1,550 / USD
Drivers: External reserves growth, stable demand, and improved liquidity in the official market.
The Naira saw its first appreciation against the dollar at the official market on Thursday, firming up by N0.95 to...
Key Points:
Official CBN Rate: ₦1,537.2 / USD
Black-Market Rate: ₦1,546 / USD
Drivers: Increased FX liquidity, improved market sentiment, and CBN policy adjustments.
Top Tools: Wise, Aboki Forex, XE.
The Naira showed positive movement yesterday, appreciating against the dollar in both the...
