Todays Exchange Rate.webp
Key points:
  • Official CBN Rate: N1,533.22 / USD
  • Black-Market Rate: N1,535 / USD

Drivers: Demand increases, improved crude output, CBN intervention, foreign portfolio investment inflows
Top Tools: Interbank Forex Quotes, Official FX Market Data, Parallel Market Updates

Naira depreciates slightly, closing at N1,533.22/$1 in the official market despite efforts from the CBN to stabilize the currency. Meanwhile, the black market rate remains stable. Further concerns were raised over weak oil earnings and external financing challenges.

For real-time updates, use Interbank Forex Quotes or Official FX Market Data for interbank quotes, and Parallel Market Updates for black-market snapshots, each refreshed every minute.

FAQ
  • What’s the gap between CBN & black-market rates? The gap between CBN & black-market rates remains narrow at N2.
  • Will the naira strengthen soon? Naira’s outlook shows moderate depreciation, stabilizing within the N1,520-$1.635 range.
  • How do oil prices affect rates? Oil prices and foreign investments impact exchange rates, especially amid supply challenges.