Key points:
Official CBN Rate: N1,502.14 / USD
Black-Market Rate: N1,520 / USD
Drivers: Slight increase in demand, forex liquidity, improved foreign reserves
The Naira lost 0.06% against the US Dollar at the official market, closing at N1,502.14/$1. This follows an increase in demand, despite...
Key points:
Official CBN Rate: N1,497.5 / USD
Black-Market Rate: N1,537 / USD
Drivers: Improved FX supply, rising foreign reserves, stabilizing demand
Top Tools: CBN Official FX Rate Dashboard, Nairametrics, Aboki Fx
The Naira has gained strength, trading below N1,500 for the first time since...
Key points:
Official CBN Rate: N1,484.14 / USD
Black-Market Rate: N1,510 / USD
Drivers: Strong demand for Naira, reduced speculative trading, and improved foreign reserves
Top Tools: Official FX Rate, Parallel Market Snapshot, CBN FX Policies, Nairametrics
The Naira strengthened to...
Official CBN Rate: N1,488.92 / USD
Black-Market Rate: N1,510 / USD
Drivers: Stable FX liquidity, increased foreign reserves, stronger oil output.
Top Tools: CBN’s forex interventions, oil exports, and reserves data.
The Naira remained steady at N1,488.92/$1 in the official market, despite...
Key points:
Official CBN Rate: ₦1,488.56 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Lower FX demand, recent CBN interest rate cut, easing investor pressure
Top Tools: CBN FX Monitor, AbokiFX, Parallel Market Hub
The naira surged in the parallel market, strengthening to ₦1,490/$1, its best...
Key points:
Official CBN Rate: ₦1,475.35 / USD
Black-Market Rate: ₦1,490 / USD
Drivers: Global risk aversion, foreign investors selling local assets, and limited CBN dollar supply
Top Tools: CBN FX Monitor, AbokiFX, Nairametrics FX Tracker
The Naira depreciated by ₦4.32 in the official market...
