Todays Exchange Rate.webp

Key Points:
  • Official CBN Rate: ₦1,421 / $1
  • Black-Market Rate: ₦1,440 / $1
  • Drivers: Increased forex supply, CBN interventions, and market liquidity improvements
  • Top Tools: AbokiFX, CBN FX Monitor, NairaRates.ng
The naira appreciated across both official and black-market segments on Friday, strengthening to ₦1,421/$1 at the CBN rate and ₦1,440/$1 on the street. Market watchers attribute the rise to improved forex inflows and renewed confidence in liquidity from exporters and investors. For real-time updates, use AbokiFX or CBN FX Monitor for interbank quotes, and NairaRates.ng for black-market snapshots, each refreshed every minute.
  • What’s the gap between CBN & black-market rates? About ₦19 difference, indicating slight convergence from earlier wider margins.
  • Will the naira strengthen soon? Analysts expect moderate gains if the forex supply remains consistent.
  • How do oil prices affect rates? Higher oil prices boost dollar inflows, supporting the naira’s stability.