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Nigeria Naira Gains to N1,565/$ in Parallel Market as Official Rate Weakens
The naira appreciated to N1,565/$ in the parallel market, while it weakened to N1,537/$ in the official market, narrowing the gap to N37/$. Analysts link the fluctuations to CBN policies and forex supply dynamics, as businesses and investors closely monitor the currency’s stability and future...- Nigeria News
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![Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips](/data/attachments/214/214166-0fb08536d850cb6a807146355debd9a2.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips
The naira appreciated to N1,512 per dollar in the black market while weakening slightly to N1,505 per dollar in the official forex market. The exchange rate gap narrowed to N7 per dollar as the CBN continued interventions. Experts assess the impact on inflation, imports, and investor confidence...- Nigeria News
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![Today's Naira Rate [11-03-2025]: Naira Gains N145 in February, Hits N1,470/$ as Dollar Savers Face Losses](/data/attachments/214/214081-e449a1476ff58756d9602c4bcbec25ad.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [11-03-2025]: Naira Gains N145 in February, Hits N1,470/$ as Dollar Savers Face Losses
The naira’s recent rally against the US dollar, driven by Central Bank of Nigeria (CBN) reforms, has put dollar savers at risk of investment losses. Analysts warn that continued naira appreciation may further devalue dollar holdings. Experts urge investors to reassess strategies as Nigeria's...- Nigeria News
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- 2 min read
- cbn forex policy dollar savings risk naira exchange rate naira to dollar nigeria currency update
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![Today's Naira Rate [21-02-2025]: Naira Strengthens to N1,530/$ in Parallel Market, Weakens in Official Window](/data/attachments/213/213735-59447ed15c8e64d936598e5ef33acf88.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [21-02-2025]: Naira Strengthens to N1,530/$ in Parallel Market, Weakens in Official Window
The Naira appreciated to N1,530/$ in the parallel market, gaining from N1,540/$ recorded on Thursday. However, it depreciated to N1,502.5/$ in the official market, widening forex volatility. The margin between the two rates narrowed to N27.5 as CBN policies influence market trends amid...- Nigeria News
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- 1 min read
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![Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect](/data/attachments/213/213672-e564755bb46369580ab1e9546e81de77.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect
The naira appreciated to N1,514/$1 in the parallel market, gaining N11 from the previous day. This follows the Central Bank of Nigeria’s (CBN) forex policies, increased dollar liquidity, and non-renewal of banks’ dollar swaps. The official rate remains at N1,510/$1, narrowing the gap between...- Nigeria News
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- 2 min read
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Nigeria Nigeria’s Currency Strengthens to N1,540 as FX Market Stabilizes
The Naira appreciated to N1,540 per dollar in the parallel market, up from N1,565 last week, while the official rate also saw slight gains. Experts attribute the rise to CBN’s forex interventions and increased interbank transactions. Analysts suggest continued liquidity injections could further...- Nigeria News
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- 2 min read
- cbn forex policy forex market update naira appreciation naira exchange rate nigeria black market dollar rate
- Category: Business
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![Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists](/data/attachments/213/213389-e4a2172565e06538ffb086f5ae94c27a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists
The naira depreciated further, trading at N1,570/$1 in the parallel market amid rising forex demand and limited supply. It also weakened against the pound and euro. Despite CBN’s interventions, analysts warn of continued depreciation unless forex liquidity improves. Governor Cardoso vows strict...- Nigeria News
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![Today's Naira Rate [11-02-2025]: Naira Nears N1,500/$ as Black Market Rates Improve](/data/attachments/213/213341-54435cdd8fb82018b8a1927a932ca386.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [11-02-2025]: Naira Nears N1,500/$ as Black Market Rates Improve
The naira surged to its highest level in 2025, trading at N1,520/$ in the black market amid CBN’s forex reforms. Increased liquidity, regulatory enforcement, and investor confidence have driven the gains. Analysts say the naira could strengthen further if these measures continue to stabilize...- Nigeria News
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Nigeria CBN Opens Official Forex Window to IMTOs in Major Policy Shift
CBN allows eligible International Money Transfer Operators to trade forex on Nigeria's official window. The move aims to increase liquidity, streamline remittances, and stabilize exchange rates. IMTOs can now access the CBN window directly or through banks, with transactions priced at NAFEM...- Nigeria News
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- cbn forex policy international money transfer operators nafem exchange rates nigerian remittance market
- Category: Business
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Nigeria Central Bank's New Forex Regulations Trigger Varied Sentiments in Nigeria
The Central Bank of Nigeria (CBN) has enacted stringent measures to bolster liquidity in the foreign exchange market, instructing banks to limit their Net Open Position (NOP) of foreign currency assets and liabilities to 20% of shareholders' funds. The directive, issued through a CBN circular...- Nigeria News
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Metro Abuse The Naira, Go To Jail - CBN Warns Nigerians
The Central Bank of Nigeria on Friday warned Nigerians against abusing the naira notes. The apex bank said anyone caught abusing the naira would be prosecuted and if convicted the person risked six months in jail or a fine of N50,000. An official of the Currency Operation Department at the CBN...- mrsam
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Business 5 Ways The New CBN Policy May Revive The Naira
The Central Bank of Nigeria, CBN on Monday bowed to pressure by releasing a new foreign exchange policy in the country with immediate effect. The new policy is coming after the National Economic Council, NEC, urged for immediate review to stem the widening gap between the inter-bank foreign...- ProfRem
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