dollar to naira rate

Key points: Official CBN (NFEM) Rate: ₦1,384.39 / USD Black-Market Rate: ₦1,405 - ₦1,415 / USD (range) Drivers: Surge in FX inflows, up 45% month-on-month to $4.4 billion in February; High-yield "carry trade" investments attracting offshore capital; CBN's new IMTO directive routing diaspora...

Key points: Today's Dollar to Naira Rate: Dollar → Naira Snapshot Rate for 25 March 2026 Drivers: First appreciation in two working days, gaining ₦5.7 after Monday's ₦34.48 decline; Foreign reserves dropping to $49.61 billion from $49.78 billion; Market recovery following Eid-ul-Fitr holiday...

Key points: Official CBN (NAFEX) Rate: ₦1,388.38 / USD Black-Market Rate: ₦1,400 / USD Drivers: Disruptions to global oil supply increasing volatility in energy markets; Investor jitters causing outflows for international payments; External reserves recording drops; Sustained foreign portfolio...

Key points: Official CBN (NFEM) Rate: ₦1,356.74 / USD Black-Market Rate: ₦1,410 - ₦1,430 / USD (range) Drivers: Enhanced price discovery through the Electronic Foreign Exchange Matching System (EFEMS); BDC reintegration into official framework (finalized February 2026), improving retail...

Key points: Official CBN Rate: ₦1,362 / USD (Wednesday close) Black-Market Rate: [Not specified, but context suggests parallel movement] Drivers: Global dollar weakness as major central banks signal rate hikes; US Fed now the only major central bank not expected to hike rates this year; Rising...

Key points: Official CBN (NFEM) Rate: ₦1,357.11 / USD Black-Market Rate: ₦1,410 - ₦1,415 / USD (range) Gross external reserves at a 13-year high of $50.03 billion, providing substantial "firepower" to manage volatility; Geopolitical tensions driving Brent crude above $100/barrel; Dangote...

Key points: Official CBN Rate: ₦1,345 / USD Black-Market Rate: [Not specified, but context suggests parallel movement] Drivers: Sustained appreciation reaching one-month high; Strongest level since February 18, 2026 (₦1,340/$); Stable intraday trading range (₦1,340-₦1,355/$); Improved foreign...

Key points: Official CBN Rate: ₦1,355 / USD Black-Market Rate: [Not specified, but context suggests parallel movement] Drivers: Sustained recovery trend with sequential daily gains; Strongest level since February 23, 2026 (₦1,353.5/$); Notable rebound from recent low of ₦1,425/$ (weakest since...

Key points: Official CBN (NFEM) Rate: ₦1,387.89 / USD Black-Market Rate: ₦1,390 - ₦1,405 / USD (range) Drivers: Increased foreign portfolio inflows; Steady forex supply from CBN to BDC operators; Tightening spread between official and parallel markets (under 2%); MPR at 26.5% prioritizing...

Key points: Official CBN (NAFEX) Rate: ₦1,371.51 / USD Black-Market Rate: ₦1,410 / USD Drivers: Extended recovery with second consecutive day of gains; Inflows from foreign investors, exporters, and non-bank corporates; Gross external reserves remaining above $50 billion (highest since 2009)...

Key points: Official CBN (NAFEX) Rate: ₦1,376.19 / USD Black-Market Rate: ₦1,420 / USD Drivers: Foreign reserves topping $50 billion for the first time since January 2009; Positive oil price threshold boosting FX inflows; Easing of market pressure from two-month low; Geopolitical tensions...

Key points: Official CBN Rate: ₦1,425 / USD Black-Market Rate: [Not specified, but context suggests parallel movement] Drivers: Volatility in global oil prices amid Middle East tensions; Shifting investor sentiment due to geopolitical uncertainty; the weakest closing level since January 12...

Key points: Official CBN (NFEM) Rate: ₦1,382.65 / USD Black-Market Rate: ₦1,380 / USD Drivers: First official market appreciation in over two weeks; Significant narrowing of the parallel-official market gap; Divergent movement with official rate strengthening while parallel rate weakened. Top...

Key points: Official CBN (NFEM) Rate: ₦1,377.04 / USD Black-Market Rate: ₦1,385 - ₦1,395 / USD (range) Drivers: Controlled volatility under CBN's willing-buyer-willing-seller model; High demand for corporate remittances and manufacturing imports; Strong external reserves providing intervention...

Key points: Official CBN Rate: ₦1,368.50 / USD Black-Market Rate: ₦1,390 / USD Drivers: Rising speculative activity driven by doubts about sustained naira appreciation; Dollar supply constraints at the official window; Increased political demand ahead of general elections; Delays and...

Key points: Official CBN Rate: ₦1,363.39 / USD Black-Market Rate: ₦1,375 / USD Drivers: Sustained depreciation throughout the week across both market segments; Confirmation by President Tinubu that the CBN has mopped up dollars from the market; External reserves rising to $49.51 billion, a new...

Key points: Official CBN (NAFEX) Rate: ₦1,349.24 / USD Black-Market Rate: ₦1,365 / USD Drivers: Declining weekly FX inflows; BDC operators yet to commence FX purchases from banks two weeks after CBN policy approval; No CBN inflows into the market during the past week. Top Tools: CBN Forex...

Key points: Official CBN Rate: ₦1,347.78 / USD (Monday's close) Black-Market Rate: Trading at approx. 3.2% premium above the official rate Drivers: Steep year-to-date appreciation (+6.9%) driven by improved official market liquidity; CBN's new policy allowing licensed BDCs to access FX (up to...

Key points: Official CBN Rate: ₦1,337 / USD Black-Market Rate: ₦1,382.50 / USD Drivers: Improved dollar liquidity in the official market; Shifting global geopolitical sentiment (diplomatic talks easing tensions), boosting risk appetite for emerging market currencies; Strongest official closing...

Key points: Official CBN (NFEM) Rate: ₦1,354.86 / USD Black-Market Rate: ₦1,425 - ₦1,440 / USD (range) Drivers: Effective Central Bank of Nigeria (CBN) liquidity management through the Electronic Foreign Exchange Matching System (EFEMS); A Monetary Policy Rate (MPR) positioned to support...