Key points:
Official CBN Rate: N1,535.61 / USD
Black-Market Rate: N1,545 / USD
Drivers: Fresh FX inflows, strong OMO subscription, easing demand pressure
Top Tools: NAFEM Monitor, FMDQ FX Feed, AbokiFX
The naira strengthened at the official market, appreciating to N1,535.61/$1 from N1,537.19...
Key points:
Official CBN Rate: ₦1,480.15 / USD
Black-Market Rate: ₦1,500 / USD
Drivers: Oil price swings, FX liquidity, inflation concerns
Top Tools: AbokiFX, FMDQ, Nairametrics FX Tracker
The naira firmed slightly in the parallel market to ₦1,500/$ from ₦1,510/$, while slipping marginally at...
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 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...
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 (NAFEM): ₦1,480.66 / $1
Black-Market Rate: ₦1,495 / $1
Drivers: Low FX demand, improved liquidity, CBN interventions, stronger reserves
Top Tools: CBN FX Monitor, AbokiFX, NairaRatesLive
The naira gained against the dollar on both official and parallel markets on...
Key Points:
Official CBN Rate: ₦1,488.26 / $1
Black-Market Rate: ₦1,500 / $1
Drivers: Stronger reserves at $43bn, CBN support, moderated FX demand
Top Tools: CBN FX Monitor, FMDQ Exchange, AbokiFX
The naira firmed slightly at the official market to ₦1,488.26/$1, while black-market rates eased...
Key points:
Official CBN Rate: ₦1,531.57 / USD
Black-Market Rate: < ₦1,550 / USD
Drivers: Surge in diaspora remittances (+200%), rising foreign portfolio inflows, stronger FX reserves, weaker U.S. dollar globally
The naira kicked off September steady in the black market, trading below...
Key points:
Official CBN/NAFEM Rate: ₦1,525.76 / $1
Black-Market Rate: ₦1,540 / $1
Drivers: Stronger FX liquidity, foreign portfolio inflows, non-oil exports, reduced speculation
Top Tools: CBN FX Monitor, AbokiFX, NAFEM Live Tracker
The naira gained slightly at the official market on Tuesday...
Key points:
Official CBN Rate: N1,507.85 / USD
Black-Market Rate: N1,520 / USD
Drivers:
Enhanced forex inflows
Increased foreign portfolio investor confidence
Rising forex reserves
The Naira strengthened across both the official and black markets today, driven by increased foreign exchange...
Key points:
Official CBN Rate: N1,511.5 / USD
Black-Market Rate: N1,527 / USD
Drivers: Foreign reserves increase, improved crude oil production, non-oil exports rise, and electoral spending concerns
Top Tools: CBN Exchange Rate, Nairametrics, Forex Tracker
The Naira has appreciated in the...
Key points:
Official CBN Rate: N1,506/$1
Black-Market Rate: N1,525/$1
Drivers: Stronger market confidence, improving non-oil export receipts, and sustained FX liquidity are contributing to the Naira’s stability.
Top Tools: Naira to Dollar Converter, CBN Exchange Rate, Parallel Market Snapshot...
Key points:
Official CBN Rate: N1,506/$1
Black-Market Rate: N1,525/$1
Drivers: Improved foreign reserves, stronger market confidence, reduced speculative trading
Top Tools: CBN FX Data, Naira Metrics, Parallel FX Tracker
The Naira strengthens in both official and parallel markets, closing at...
