dollar to naira rate

Key points: Official CBN Rate: N1,501.87 / USD Black-Market Rate: N1,520 / USD Drivers: Sufficient FX supply, increased foreign reserves, reduced speculative demand Top Tools: Nairametrics, CBN Data, Parallel Market Tracker The Naira appreciated to N1,501.87/$1 in the official market, driven...

Key points: Official CBN Rate: N1,502.14 / USD Black-Market Rate: N1,520 / USD Drivers: Slight increase in demand, forex liquidity, improved foreign reserves The Naira lost 0.06% against the US Dollar at the official market, closing at N1,502.14/$1. This follows an increase in demand, despite...

Key points: Official CBN Rate: N1,506/$1 Black-Market Rate: N1,525/$1 Drivers: Improved foreign reserves, stronger market confidence, reduced speculative trading Top Tools: CBN FX Data, Naira Metrics, Parallel FX Tracker The Naira strengthens in both official and parallel markets, closing at...

Key points: Official CBN Rate: N1,506/$1 Black-Market Rate: N1,525/$1 Drivers: Stronger market confidence, improving non-oil export receipts, and sustained FX liquidity are contributing to the Naira’s stability. Top Tools: Naira to Dollar Converter, CBN Exchange Rate, Parallel Market Snapshot...

Key points: Official CBN Rate: N1,507.85 / USD Black-Market Rate: N1,520 / USD Drivers: Enhanced forex inflows Increased foreign portfolio investor confidence Rising forex reserves The Naira strengthened across both the official and black markets today, driven by increased foreign exchange...

Key points: Official CBN Rate: N1,511.5 / USD Black-Market Rate: N1,527 / USD Drivers: Foreign reserves increase, improved crude oil production, non-oil exports rise, and electoral spending concerns Top Tools: CBN Exchange Rate, Nairametrics, Forex Tracker The Naira has appreciated in the...

Key points: Official CBN Rate: 1,512.96 / USD Black-Market Rate: 1,530 / USD Drivers: Economic reforms, improved foreign exchange liquidity, and increased foreign portfolio investments Top Tools: SuperSport, Vanguard News, Channels TV The Naira has appreciated against the Dollar, Pound, and...

Key points: Official CBN/NAFEM Rate: ₦1,525.76 / $1 Black-Market Rate: ₦1,540 / $1 Drivers: Stronger FX liquidity, foreign portfolio inflows, non-oil exports, reduced speculation Top Tools: CBN FX Monitor, AbokiFX, NAFEM Live Tracker The naira gained slightly at the official market on Tuesday...

The Digest: Official CBN Rate: N1,526.10 / USD Black-Market Rate: N1,545 / USD Drivers: CBN’s $170m FX sales, foreign portfolio inflows, Fed rate cut speculation The Naira opened in September stronger, appreciating by 0.35% to N1,526.10/$1 at the official market. Gains were supported by...

Key points: Official CBN Rate: ₦1,531.57 / USD Black-Market Rate: < ₦1,550 / USD Drivers: Surge in diaspora remittances (+200%), rising foreign portfolio inflows, stronger FX reserves, weaker U.S. dollar globally The naira kicked off September steady in the black market, trading below...

Key points: Official CBN Rate: N1,535.61 / USD Black-Market Rate: N1,545 / USD Drivers: Fresh FX inflows, strong OMO subscription, easing demand pressure Top Tools: NAFEM Monitor, FMDQ FX Feed, AbokiFX The naira strengthened at the official market, appreciating to N1,535.61/$1 from N1,537.19...

Key Points: Official CBN Rate: ₦1,537.2 / USD Black-Market Rate: ₦1,546 / USD Drivers: Increased FX liquidity, improved market sentiment, and CBN policy adjustments. Top Tools: Wise, Aboki Forex, XE. The Naira showed positive movement yesterday, appreciating against the dollar in both the...

Key points: Official CBN Rate: N1,537.61 / USD Black-Market Rate: N1,547 / USD Drivers: High corporate FX demand, limited supply, and potential CBN intervention. Top Tools: CBN's official website, Bloomberg Terminal, AbokiFX The Naira weakened against the US Dollar in both the official and...

Key points: Official CBN Rate: N1,535.78 / USD Black-Market Rate: N1,550 / USD Drivers: External reserves growth, stable demand, and improved liquidity in the official market. The Naira saw its first appreciation against the dollar at the official market on Thursday, firming up by N0.95 to...

Key points: Official CBN Rate: N1,536.18 / USD Black-Market Rate: N1,550 / USD Drivers: FX pressure, Central Bank’s non-intervention, seasonal demand Top Tools: CBN Rate, Parallel Market Snapshot, Crypto Market Insights The Naira weakened slightly, closing at N1,536.18/$1 in the official...

Key points: Official CBN Rate: N1,533.77 / USD Black-Market Rate: N1,550 / USD Drivers: FX liquidity, government interventions, foreign inflows, inflation trends The Naira has weakened slightly in both official and black-market exchange rates today, reflecting pressure in the FX markets. The...

Key points: Official CBN Rate: ₦1,532.73 / USD Black-Market Rate: ₦1,550 / USD Drivers: CBN forex sales, portfolio investment inflows, improving market confidence Top Tools: XE, CBN Website, Naira Metrics The Naira appreciated in the official market, closing at ₦1,532.73/$1, up by ₦1.81 or...

Key points: Official CBN Rate: ₦1,534.91 / USD Black-Market Rate: ₦1,560 / USD Drivers: Increased external reserves, foreign portfolio inflows, market liquidity Top Tools: XE, CBN Website, Naira Metrics Your Daily Rate Fix The Naira appreciated to ₦1,534.91/$1 in the official market, gaining...

Key points: Official CBN Rate: N1,537.38 / USD Black-Market Rate: N1,555 / USD Drivers: Volatility in global oil prices and persistent FX injections by the Central Bank of Nigeria (CBN). Top Tools: Bloomberg Terminal, Reuters Eikon, AbokiFX The Naira faced renewed pressure in the official...

Key points: Official CBN Rate: N1,538.4 / USD Black-Market Rate: N1,560 / USD Drivers: Global oil prices, inflation, and CBN policies. The Naira showed a mixed performance, appreciating slightly in the parallel market from N1,565 to N1,560, while depreciating to N1,538.4 in the official...