dollar to naira rate

Key points: Official CBN (NFEM) Rate: ₦1,351.59 / USD Black-Market Rate: ₦1,465 - ₦1,480 / USD (range) Drivers: Sustained demand for dollars to fund international trade and service foreign debt; Fluctuations in global oil prices affecting external reserves; Mid-week demand for the greenback...

Key points: Official CBN (NFEM) Rate: ₦1,347.33 / USD Black-Market Rate: ₦1,395 - ₦1,405 / USD (range) Drivers: Slight uptick in demand pushing official rate marginally higher from last week's levels; Steadying crude oil prices providing cushion for external reserves; Consistent CBN monitoring...

Key points: Official CBN (NFEM) Rate: ₦1,342.50 / USD Black-Market Rate: ₦1,390 / USD Drivers: Naira depreciation across both official and parallel markets; NFEM interbank turnover down 67.3% to N74.3 million from N124.3 million; Widening spread between market segments. Top Tools: CBN Forex...

Key points: Official CBN Rate: ₦1,355.25 / USD Black-Market Rate: ₦1,400 / USD Drivers: Speculation and arbitrage activities widening the official-parallel gap; Fiscal leakages encouraging ungoverned FX channels; Structurally high demand for FX (imports, tuition, medical, travel) with...

Key points: Official CBN (NAFEX) Rate: ₦1,356.19 / USD Black-Market Rate: ₦1,385 / USD Drivers: Strong interbank turnover surged to $114.9 million across 141 deals (up from $71.2 million); CBN pledged to stabilize the Naira through high-yield short-term debt to attract dollar inflows; FX...

Key points: Official CBN (NAFEX) Rate: ₦1,356.89 / USD Black-Market Rate: ₦1,385 / USD Drivers: Extended Naira appreciation streak with improved market liquidity; FX market operating with greater efficiency and reduced extraordinary CBN interventions; External reserves fell for 16 consecutive...

Key points: Official CBN Rate: ₦1,365 / USD Black-Market Rate: [Not specified, but context suggests parallel improvement] Drivers: Global dollar decline as US dollar index falls 1.3% for the week; Ceasefire optimism in the Gulf reducing safe-haven demand; Expectations of resumed oil shipments...

Key points: Official CBN (NFEM) Rate: ₦1,386.66 / USD Black-Market Rate: ₦1,400 - ₦1,410 / USD (range) Drivers: Post-Easter holiday market adjustment; Depreciation of at least ₦5 from April 2 close of ₦1,380.79; Parallel market holding steady at previous levels while official rate weakened. Top...

Key points: Official CBN (NFEM) Rate: ₦1,379.30 / USD Black-Market Rate: ₦1,379.10 / USD Drivers: Balanced demand-supply dynamic as Q2 gains momentum; Success of exchange rate unification policies narrowing arbitrage opportunities; CBN interventions and adjusted interbank turnover bridging...

Key points: Official CBN (NFEM) Rate: ₦1,378.26 / USD Black-Market Rate: ₦1,400 - ₦1,410 / USD (range) Drivers: Enhanced transparency and price discovery through EFEMS; Healthy FX supply from autonomous sources and foreign portfolio investors; External reserves at $49.50 billion; Bonny Light...

Key points: Official CBN (NAFEX) Rate: ₦1,378.70 / USD Black-Market Rate: ₦1,405 / USD Drivers: Surge in interbank turnover to $116.2 million from $30.9 million the previous day; Easing pressure on local currency; Foreign reserves at $49.29 billion (down $547 million from the March 11 peak of...

Key points: Official CBN (NAFEX) Rate: ₦1,386.72 / USD Black-Market Rate: ₦1,410 / USD Drivers: Shrinking FX liquidity with interbank deals declining; CBN intervention of $95 million insufficient to meet high dollar demand; External reserves falling 0.7% to $49.48 billion ($350 million...

Key points: Official CBN Rate: ₦1,391 / USD Black-Market Rate: [Not specified] Drivers: Global dollar strength as the US dollar index rose 0.44% to 99.62 amid inflation concerns; Rising US import prices (the largest increase in nearly four years), reinforcing expectations of tighter monetary...

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...