dollar to naira rate

Key points: Official CBN (NAFEM) Rate: ₦1,445.68 / USD Black-Market Rate: ₦1,480 / USD Drivers: Persistent market demand pressure outweighing Central Bank of Nigeria (CBN) interventions; Lingering investor apprehension following recent security operations; An additional $50 million in CBN FX...

Key points: Official CBN (NAFEX) Rate: ₦1,442.51 / USD Black-Market Rate: ₦1,480 / USD Drivers: Market reassurance by the Finance Minister, Wale Edun, easing investor concerns over recent security operations; Continued Central Bank of Nigeria (CBN) interventions, including a $150 million sale...

Key points: Official CBN Rate: ₦1,442.51 / USD Black-Market Rate: ₦1,475 / USD Drivers: Post-holiday drop in forex demand; Steady month-on-month growth in Nigeria's external reserves. Top Tools: CBN Official Website, Aboki Fx The Naira appreciated in both the official and parallel markets on...

Key points: Official CBN (NAFEX) Rate: ₦1,456.56 / USD Black-Market Rate: ₦1,485 / USD Drivers: A $150 million Central Bank of Nigeria (CBN) forex intervention sale to authorised dealers; Seasonal dollar demand pressure; First weekly decline in Nigeria's foreign exchange reserves after 25 weeks...

Key points: Official CBN (NAFEX) Rate: ₦1,464.49 / USD Black-Market Rate: ₦1,485 / USD Drivers: High seasonal foreign exchange demand; Reduced supply from key sources (exporters, foreign portfolio investors, non-bank corporates); CBN intervention sales that are present but insufficient to meet...

Key points: Official CBN (NAFEX) Rate: ₦1,457.84 / USD Black-Market Rate: ₦1,475 / USD Drivers: Insufficient forex supply from CBN, exporters, and foreign investors; Expected seasonal "Detty December" inflows from diaspora remittances have not yet materialized to offset demand. Top Tools...

Key points: Official CBN (NAFEX) Rate: ₦1,451.82 / USD Black-Market Rate: ₦1,475 / USD Drivers: CBN intervention of $250 million to bolster dollar supply; Significant drop in inflation from 16.05% (Oct) to 14.45% (Nov); Declining overall FX market inflows from the previous week. Top Tools: CBN...

Key points: Official CBN (NFEM) Rate: ₦1,448.68 / USD Black-Market Rate: ₦1,449.56 / USD Drivers: Central Bank of Nigeria (CBN) liquidity management; High benchmark Monetary Policy Rate (MPR) at 27.00%; Early stages of anticipated year-end corporate and personal FX demand. Top Tools: CBN Forex...

Key points: Official CBN (NAFEM) Rate: ₦1,456.07 / USD Black-Market Rate: ₦1,470 / USD Drivers: Intensifying seasonal FX demand for festive period payments; Continued CBN market interventions to manage volatility; Absence of significant non-seasonal inflows from corporates and exporters. Top...

Key points: Official CBN (NAFEX) Rate: ₦1,455.38 / USD Black-Market Rate: ₦1,470 / USD Drivers: Heightened seasonal demand from importers and retailers for the festive period (Yuletide); Mixed signals from the US Federal Reserve's recent policy decision. Top Tools: FMDQ for NAFEX Data, CBN Forex...

Key points: Official CBN Rate: ₦1,451 / USD Black-Market Rate: ₦1,465 / USD Drivers: Balanced seasonal year-end demand pressures; Anticipation of a US Federal Reserve interest rate decision; Gradual market adjustment awaiting further CBN policy signals. Top Tools: CBN Forex Portal, Aboki Fx The...

Key points: Official CBN Rate: ₦1,450.43 / USD Black-Market Rate: ₦1,465 / USD Drivers: Mounting seasonal FX demand for holiday payments; Anticipation of CBN market interventions; Expected boost from “Detty December” diaspora remittance inflows. Top Tools: CBN Forex Portal, FMDQ FX Market...

Key points: Official CBN (NAFEM) Rate: ₦1,447.83 / USD Black-Market Rate: ₦1,465 / USD Drivers: Seasonal "Detty December" forex demand pressure; Anticipation of diaspora remittance inflows; Central Bank of Nigeria (CBN) market interventions. Top Tools: [Tool 1 - e.g., CBN Forex Portal], [Tool 2...

Key points: Official CBN Rate: ₦1,445.54 / USD Black-Market Rate: ₦1,468 / USD Drivers: CBN holding interest rates at 27% to fight inflation; Seasonal "Detty December" diaspora inflows; Rising external reserves providing a buffer. Top Tools: CBN Forex, FMDQ FX, Aboki FX The Naira shows...

Key points: Official CBN Rate (NAFEM): ₦1,445.39 / USD Black-Market Rate: ₦1,460 / USD Drivers: Year-end demand pressure eased as rising foreign reserves, up 10.9% to $44.66bn, boosted confidence in possible CBN intervention. Improved FX inflows and remittances also supported the official...

Key points: Official CBN Rate: N1,446.74 / USD Black-Market Rate: N1,470 / USD Drivers: declining FX inflows, weak liquidity, profit-taking after mid-week gains, and cautious CBN interventions Top Tools: AbokiFX Pro, FMDQ Exchange Feed, FXMonitor Live The naira closed the week weaker at the...

Key points: Official CBN Rate: N1,445.9 / USD Black-Market Rate: N1,470 / USD Drivers: Strong CBN reserves, festive FX demand, remittances, oil revenue, portfolio inflows Top Tools: FMDQ, AbokiFX, GTBank Forex The Naira showed mixed performance today: it slipped to N1,445.9/$ in the official...

Key Points: Official CBN Rate: ~₦1,446 / USD Black-Market Rate: ₦1,460–₦1,465 / USD Drivers: Tight FX liquidity, strong street demand, limited official supply, mild intraday volatility, and businesses sourcing dollars outside formal channels. Top Tools: AbokiFX Live, FXMallam, NAFEM Dashboard...

Official CBN/NAFEM Rate: ₦1,441 / $1 Black-Market Rate: ₦1,455 / $1 Drivers: CBN maintains MPR at 27%, tight monetary stance, improved FX inflows, stable PMS prices, and rising investor confidence. Top Tools: AbokiFX Pro, FXTONIC Live, BluFX Monitor The naira gained modestly across FX windows...

Official CBN/NFEM Rate: ₦1,456 / $1 Black-Market Rate: ₦1,455–₦1,465 / $1 Drivers: Slower FX inflows, steady retail demand, impact of CBN’s September policy rate cut, and year-end seasonal pressure. Top Tools: AbokiFX Pro, CBN NFEM Dashboard, FX BlueTrack The naira held around ₦1,456/$ at the...