dollar to naira rate

Key points: Official CBN (NAFEX) Rate: ₦1,353.66 / USD Black-Market Rate: ₦1,430 / USD Drivers: Market correction from recent gains; Central Bank of Nigeria (CBN) policy allowing licensed BDC operators to purchase FX from the official market at prevailing rates; Ongoing reforms to formalize...

Key points: Official CBN (NAFEX) Rate: ₦1,366.19 / USD Black-Market Rate: ₦1,450 / USD Drivers: Minor technical correction after recent gains; Rising external reserves, up $632 million to $46.91 billion; Renewed foreign portfolio investment inflows; Reduction in speculative demand. Top Tools...

Key points: Official CBN (NFEM) Rate: ₦1,366.53 / USD Black-Market Rate: ₦1,445 - ₦1,460 / USD (range) Drivers: Consistent CBN interventions and a transparent electronic trading framework; Macroeconomic stability from a moderating inflation rate (15.15%) and a steady Monetary Policy Rate (MPR)...

Key points: Official CBN (NFEM) Rate: ₦1,359 / USD Black-Market Rate: ₦1,450 / USD Drivers: Sustained appreciation trend in the official market; Third consecutive day of gains in the Nigerian Foreign Exchange Market (NFEM). Top Tools: CBN Forex Portal, Aboki Fx The Naira recorded its third...

Key points: Official CBN (NFEM) Rate: ₦1,388.15 / USD Black-Market Rate: ₦1,460 - ₦1,475 / USD Drivers: Successful management of corporate demand and clearance of historic FX backlogs by the Central Bank of Nigeria (CBN); Continued benefits from the Electronic Foreign Exchange Matching System...

Key points: Official CBN (NFEM) Rate: ₦1,384.5 / USD Black-Market Rate: ₦1,465 / USD Drivers: Appreciation in both the official and parallel market segments; Widening of the arbitrage margin between the two markets. Top Tools: CBN Forex Portal, Aboki Fx The Naira appreciated against the US...

Key points: Official CBN (NFEM) Rate: ₦1,396.88 / USD Black-Market Rate: ₦1,465 - ₦1,480 / USD (range) Drivers: Sustained liquidity from the Central Bank of Nigeria's (CBN) consistent policy of clearing verified FX backlogs; Successful integration of the Electronic Foreign Exchange Matching...

Key points: Official CBN Rate: ₦1,391 / USD Black-Market Rate: ₦1,453 / USD Drivers: Improved liquidity and stabilized demand-supply dynamics in the FX market; A significant rise in Nigeria's external reserves to $46.18 billion; Reforms improving market efficiency and transparency. Top Tools...

Key points: Official CBN (NFEM) Rate: N1,385 / USD Black-Market Rate: [RATE NOT SPECIFIED] / USD Drivers: Global retreat of the US dollar; Increased dollar supply and reduced pressure in Nigeria's official foreign exchange window; Improved FX liquidity from exports, remittances, and...

Key points: Official CBN (NFEM) Rate: ₦1,394 / USD Black-Market Rate: ₦1,490 / USD Drivers: Official-market reforms and improved liquidity conditions; Global U.S. dollar weakness providing external support; A temporary easing of pressure on the local currency. Top Tools: CBN Official Website...

Key points: Official CBN (NFEM) Rate: N1,400.66 / USD Black-Market Rate: N1,480 - N1,485 / USD (range) Drivers: Enhanced transparency and liquidity from the new Electronic Foreign Exchange Matching System (EFEMS); Nigeria's external reserves exceeding $46 billion, providing a strong buffer...

Key points: Official CBN (NAFEX) Rate: ₦1,418.95 / USD Black-Market Rate: ₦1,480 / USD Drivers: Improved foreign exchange market efficiency and higher capital inflows; A current account surplus and broad-based economic recovery; Sustained diaspora remittances; External reserves rising to an...

Key points: Official CBN (NFEM) Rate: ₦1,413.41 / USD Black-Market Rate: ₦1,475 - ₦1,490 / USD (range) Drivers: Improved market liquidity; Strategic Central Bank of Nigeria (CBN) interventions and clearance of FX backlogs; Sustained inflows from crude oil sales and foreign portfolio...

Key points: Official CBN Rate: ₦1,421.90 / USD Black-Market Rate: ₦1,491 / USD Drivers: Persistent domestic foreign exchange supply constraints; Structural challenges in Nigeria's FX market, including limited dollar inflows; Weak oil export receipts and subdued foreign portfolio investment. Top...

Key points: Official CBN Rate: ₦1,422.07 / USD Black-Market Rate: ₦1,490 / USD Drivers: Sustained depreciation pressure in the official market; Continuous rise in Nigeria's foreign reserves, now at $45.99 billion. Top Tools: CBN Official Website, Aboki Fx The Naira extended its depreciation at...

Key points: Official CBN (NFEM) Rate: ₦1,423 / USD Black-Market Rate: ₦1,486 / USD Drivers: Intense foreign exchange demand in the parallel market; Ongoing Central Bank of Nigeria (CBN) reforms and interventions providing relative stability in the official window; Global U.S. dollar sentiment...

Key points: Official CBN (NAFEM) Rate: ₦1,419.35 / USD Black-Market Rate: ₦1,485 / USD Drivers: Anticipated stronger foreign inflows from higher oil receipts and Foreign Portfolio Investment (FPI); Consistent foreign exchange management by the Central Bank of Nigeria (CBN); International...

Key points: Official CBN (NFEM) Rate: ₦1,417.53 / USD Black-Market Rate: ₦1,465 - ₦1,480 / USD (range) Drivers: A "consolidation phase" in the economy with a 4.68% growth target for the year; Improved transparency in the Central Bank's external debt and liquidity management; Easing inflation...

Key points: Official CBN Rate: ₦1,417.95 / USD Black-Market Rate: ₦1,490 / USD Drivers: Intense demand for foreign exchange across all market segments; Widening official-parallel market gap hitting an 11-month high of N73; Modest weekly improvement in external reserves to $45.8 billion. Top...

Key points: Official CBN (NFEM) Rate: ₦1,422.75 / USD Black-Market Rate: ₦1,465 - ₦1,475 / USD (range) Drivers: Consistent Central Bank of Nigeria (CBN) interventions; Improved banking system liquidity; Cooling inflation and rising foreign exchange reserves providing a stability buffer. Top...