Todays Exchange Rate.webp
Key Points
  • Official CBN Rate: ₦1,441.44 / USD
  • Black-Market Rate: ₦1,455 / USD
  • Drivers: Rising external reserves ($43.4bn), thin FX supply, crypto market volatility, and erratic CBN interventions.
  • Top Tools: [Business Post FX Tracker], [NAFEM Live], [AbokiFX]
The Naira gained marginally against the Dollar as external reserves grew by $30 million, offering the CBN room to stabilize the currency. However, crypto markets crashed, with Bitcoin and Ethereum falling sharply. For real-time updates, use Business Post FX Tracker or NAFEM Live for interbank quotes, and AbokiFX for black-market snapshots, each refreshed every minute.

FAQ

What’s the gap between CBN & black-market rates? ₦13.56, reflecting persistent demand pressures and limited liquidity.
Will the naira strengthen soon? Short-term stability is possible with reserve boosts, but sustained strength depends on increased FX inflows and reduced speculation.
How do oil prices affect rates? Higher oil revenues boost reserves and CBN’s ability to defend the Naira, but global oversupply concerns remain a risk.