dollar to naira rate

Key Points: Official CBN Rate: ₦1,463.23 / USD Black-Market Rate: ₦1,480 / USD Drivers: Increased seasonal demand, reduced CBN intervention, rising external reserves, and global geopolitical shifts affecting oil prices. Top Tools: AbokiFX, CBN FX Monitor, NairaRates.live The naira weakened...

Key points: Official CBN Rate: N1,457.51 / USD Black-Market Rate: N1,480 / USD Drivers: Rising external reserves ($42.59bn) countered by Dangote Refinery's suspension of Naira sales for petrol, leading to marketer-announced fuel price hikes. Top Tools: CBN Official Site, Bloomberg Terminal...

Key points: Official CBN Rate: N1,455.17 / USD Black-Market Rate: N1,503 / USD Drivers: Rising External Reserves ($42.58), Increased FX Liquidity Top Tools: CBN Website, FMDQ Exchange, AbokiFX The Naira ended the week with a massive gain at the official market, appreciating by N11.48 against...

Key Points: Official CBN Rate: ₦1,470 / USD Black-Market Rate: ₦1,500–₦1,515 / USD Drivers: CBN liquidity management, rising retail dollar demand, and delayed FX inflows from oil exports. Top Tools: FMDQ, CBN Bulletin, AbokiFX The naira held steady at ₦1,470/$1 on the official window today...

Key points: Official CBN Rate: ₦1,470.62 / USD Black-Market Rate: ₦1,485 / USD Drivers: Improved economic outlook, stronger GDP growth, forex demand pressure, and stabilising inflows. Top Tools: CBN.gov.ng, AbokiFX, BluFX App The naira appreciated slightly at the official market to...

Key points: Official CBN Rate: ₦1,471 / USD Black-Market Rate: ₦1,480 / USD Drivers: Reduced forex inflows, oil production slump from PENGASSAN strike, rising dollar index Top Tools: AbokiFX, Investing.com, CBN FX Monitor The Naira slid further on Tuesday as dollar demand surged and inflows...

Key Points: Official CBN Rate: ₦1,464–₦1,466 / USD Black-Market Rate: ₦1,470–₦1,480 / USD Drivers: Improved FX liquidity, stronger oil inflows, steady CBN interventions, and mild global dollar strength. Top Tools: NAFEM Data Hub, CBN FX Bulletin, AbokiFX The naira strengthened slightly on...

Key Points: Official CBN Rate: ₦1,466 / USD Black-Market Rate: ₦1,450 / USD Drivers: Export inflows, tighter speculative activity, modest liquidity injections Top Tools: AbokiFX, FMDQ, CBN FX Monitor The naira extended its steady run on Monday, trading at ₦1,466 per dollar officially and...

Key points: Official CBN Rate: ₦1,465.68 / USD Black-Market Rate: ₦1,465 / USD Drivers: Rising FX demand, tightening liquidity, and cautious investor sentiment despite CBN interventions. Top Tools: AbokiFX, CBN FX Dashboard, FXMonitor The naira weakened further on Friday, closing at ₦1,465/$1...

Key points: Official CBN Rate: ₦1,455 / USD Black-Market Rate: ₦1,460–₦1,470 / USD Drivers: Rising reserves ($43bn), CBN reforms, lower speculation, foreign investor inflows Top Tools: FMDQ Exchange, AbokiFX, Nairametrics FX Tracker The naira held steady at ₦1,455/$ in the official window...

Official CBN Rate: ₦1,483 / USD Black-Market Rate: ₦1,490 / USD Drivers: Modest forex inflows, CBN interventions, steady global dollar. Top Tools: AbokiFX, Investing.com, Nairametrics FX Tracker The naira traded cautiously today, with only a ₦7 gap between the NFEM and parallel market. Analysts...

Key points: Official CBN Rate: ₦1,480.15 / USD Black-Market Rate: ₦1,500 / USD Drivers: Oil price swings, FX liquidity, inflation concerns Top Tools: AbokiFX, FMDQ, Nairametrics FX Tracker The naira firmed slightly in the parallel market to ₦1,500/$ from ₦1,510/$, while slipping marginally at...

The Digest: The Nigerian Naira has been identified as one of Africa's weakest currencies, ranking ninth on Forbes' continental assessment with an exchange rate of ₦1,490 per US dollar, highlighting the persistent economic challenges despite recent positive inflation trends. This positioning...

Key points: Official CBN Rate (NAFEM): ₦1,480.66 / $1 Black-Market Rate: ₦1,495 / $1 Drivers: Low FX demand, improved liquidity, CBN interventions, stronger reserves Top Tools: CBN FX Monitor, AbokiFX, NairaRatesLive The naira gained against the dollar on both official and parallel markets on...

Key Points: Official CBN Rate: ₦1,488.26 / $1 Black-Market Rate: ₦1,500 / $1 Drivers: Stronger reserves at $43bn, CBN support, moderated FX demand Top Tools: CBN FX Monitor, FMDQ Exchange, AbokiFX The naira firmed slightly at the official market to ₦1,488.26/$1, while black-market rates eased...

The Digest: Nigerian industrialist Abdul Samad Rabiu has projected that the naira could appreciate to between N1,300 and N1,400 against the US dollar by the end of 2025. The BUA Group chairman expressed optimism after meeting with President Bola Tinubu, crediting the administration’s economic...

Key points: Official CBN Rate: ₦1,488.56 / USD Black-Market Rate: ₦1,490 / USD Drivers: Lower FX demand, recent CBN interest rate cut, easing investor pressure Top Tools: CBN FX Monitor, AbokiFX, Parallel Market Hub The naira surged in the parallel market, strengthening to ₦1,490/$1, its best...

Official CBN Rate: N1,488.92 / USD Black-Market Rate: N1,510 / USD Drivers: Stable FX liquidity, increased foreign reserves, stronger oil output. Top Tools: CBN’s forex interventions, oil exports, and reserves data. The Naira remained steady at N1,488.92/$1 in the official market, despite...

Official CBN Rate: N1,488.92 / USD Black-Market Rate: N1,510 / USD Drivers: Improved FX liquidity, CBN intervention, resilient domestic economy. Top Tools: CBN's forex sales, CBN FX rates, oil production trends. The Naira appreciated by 0.04% to N1,488.92/$1 at NAFEM, thanks to strong signals...

Key points: Official CBN Rate: N1,484.14 / USD Black-Market Rate: N1,510 / USD Drivers: Strong demand for Naira, reduced speculative trading, and improved foreign reserves Top Tools: Official FX Rate, Parallel Market Snapshot, CBN FX Policies, Nairametrics The Naira strengthened to...