As of September 3, 2024, the black market exchange rate for the US dollar to Nigerian naira reached N1,635. This rate reflects a significant disparity with the Central Bank's official rate of N1,590.42, highlighting ongoing economic challenges and currency volatility in Nigeria's foreign...
A recent report by the Economist Intelligence Unit (EIU) forecasts a substantial devaluation of Nigeria's official exchange rate to N1,068.3 per US dollar by 2025. The EIU attributes this projection to the widening gap between official and parallel-market rates, coupled with the country's low...
Nigerian naira opened trading at the parallel market on Thursday with massive gain against the British pound to 535 from 560 it closed on Wednesday.
The currency also opened flat against the US dollar and Euro at the parallel market.
See table for today's (02/03/2017) exchange rate of the...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.