dollar to naira rate

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...

Official CBN Rate: ₦1,452.68 / USD Black-Market Rate: ₦1,470–₦1,480 / USD Drivers: FX shortages, weak dollar supply, retail market pressure, and low inflows from oil & investment. Top Tools: AbokiFX, CBN I&E Window Feed, FXWatch Live The naira opened the week under renewed pressure as the...

Key points: Official CBN Rate: N1,456.72 / USD Black-Market Rate: N1,465 / USD Drivers: Minimal FX interventions by the Central Bank, strong offshore inflows, Eurobond issuance, structural supply-demand imbalances, and global dollar movements Top Tools: NAFEM Live, GTBank FX Portal, AbokiFX...

Official CBN (NFEM) Rate: ₦1,450 / $1 Black-Market Rate: ₦1,460–₦1,474 / $1 Drivers: Limited FX inflows, high importer demand, retail FX pressure, and lingering confidence issues despite recent CBN interventions. Top Tools: CBN NFEM Portal, FX Market Tracker, Lagos Parallel Market Monitor The...

Key points: Official CBN Rate: ₦1,454.18 / USD Black-Market Rate: ₦1,465 / USD Drivers: Tight forex liquidity, high demand for dollars, minimal CBN interventions, rising FX inflows from foreign investors Top Tools: FMDQ, GTBank FX, AbokiFX The Naira slipped against the US Dollar on Wednesday...

Key points: Official CBN Rate: ₦1,447.43 / USD Black-Market Rate: ₦1,465 / USD Drivers: Strengthening foreign reserves, slight interbank gains, stable inflation expectations Top Tools: CBN NFEM Window, FMDQ I&E, Abokif Your Daily Rate Fix The Naira recorded its first day of appreciation...

Key points: Official CBN Rate: ₦1,444 / USD Black-Market Rate: ₦1,463 / USD Drivers: Persistent FX demand pressure, reduced liquidity, speculative activities, despite rising reserves Top Tools: Nairametrics FX Tracker, CBN Official Portal, AbokiFX The Naira ended the week weaker at ₦1,444/$...

Key points: Official CBN Rate: ₦1,443.08 / USD Black-Market Rate: ₦1,465 / USD Drivers: Bearish trend despite rising FX reserves, low liquidity, and import pressure Top Tools: AbokiFX, Naira Rates, CBN Forex Monitor The naira recorded its steepest daily drop this week, falling ₦4.37 at the...

Key Points Official CBN Rate: ₦1,436.58 / USD Black-Market Rate: ₦1,445–₦1,469 / USD (some trades near ₦1,515) Drivers: Weak FX inflows, strong importer demand, and widening parallel market premium Top Tools: CBN FX Dashboard, AbokiFX, FXRatesNG The naira traded slightly weaker on Tuesday...