Todays Exchange Rate.webp
  • Official CBN Rate: N1,488.92 / USD
  • Black-Market Rate: N1,510 / USD
Drivers: Improved FX liquidity, CBN intervention, resilient domestic economy.

Top Tools: CBN's forex sales, CBN FX rates, oil production trends.

The Naira appreciated by 0.04% to N1,488.92/$1 at NAFEM, thanks to strong signals from Nigeria’s oil output and stable FX liquidity. In the black market, the exchange rate held steady at N1,510/$1.

FAQ
  • What’s the gap between CBN & black-market rates?: The gap is N21 between the CBN and black market rates.
  • Will the naira strengthen soon?Analysts expect stability supported by improved inflows and CBN interventions.
  • How do oil prices affect rates?Higher oil production boosts foreign exchange reserves, which helps stabilize the Naira.