dollar to naira rate

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...

Key points: Official CBN Rate: N1,497.5 / USD Black-Market Rate: N1,537 / USD Drivers: Improved FX supply, rising foreign reserves, stabilizing demand Top Tools: CBN Official FX Rate Dashboard, Nairametrics, Aboki Fx The Naira has gained strength, trading below N1,500 for the first time since...

Key points: Official CBN Rate: N1,501.87 / USD Black-Market Rate: N1,520 / USD Drivers: Sufficient FX supply, increased foreign reserves, reduced speculative demand Top Tools: Nairametrics, CBN Data, Parallel Market Tracker The Naira appreciated to N1,501.87/$1 in the official market, driven...

Key points: Official CBN Rate: N1,502.14 / USD Black-Market Rate: N1,520 / USD Drivers: Slight increase in demand, forex liquidity, improved foreign reserves The Naira lost 0.06% against the US Dollar at the official market, closing at N1,502.14/$1. This follows an increase in demand, despite...

Key points: Official CBN Rate: N1,506/$1 Black-Market Rate: N1,525/$1 Drivers: Improved foreign reserves, stronger market confidence, reduced speculative trading Top Tools: CBN FX Data, Naira Metrics, Parallel FX Tracker The Naira strengthens in both official and parallel markets, closing at...

Key points: Official CBN Rate: N1,506/$1 Black-Market Rate: N1,525/$1 Drivers: Stronger market confidence, improving non-oil export receipts, and sustained FX liquidity are contributing to the Naira’s stability. Top Tools: Naira to Dollar Converter, CBN Exchange Rate, Parallel Market Snapshot...

Key points: Official CBN Rate: N1,507.85 / USD Black-Market Rate: N1,520 / USD Drivers: Enhanced forex inflows Increased foreign portfolio investor confidence Rising forex reserves The Naira strengthened across both the official and black markets today, driven by increased foreign exchange...

Key points: Official CBN Rate: N1,511.5 / USD Black-Market Rate: N1,527 / USD Drivers: Foreign reserves increase, improved crude oil production, non-oil exports rise, and electoral spending concerns Top Tools: CBN Exchange Rate, Nairametrics, Forex Tracker The Naira has appreciated in the...

Key points: Official CBN Rate: 1,512.96 / USD Black-Market Rate: 1,530 / USD Drivers: Economic reforms, improved foreign exchange liquidity, and increased foreign portfolio investments Top Tools: SuperSport, Vanguard News, Channels TV The Naira has appreciated against the Dollar, Pound, and...

Key points: Official CBN/NAFEM Rate: ₦1,525.76 / $1 Black-Market Rate: ₦1,540 / $1 Drivers: Stronger FX liquidity, foreign portfolio inflows, non-oil exports, reduced speculation Top Tools: CBN FX Monitor, AbokiFX, NAFEM Live Tracker The naira gained slightly at the official market on Tuesday...

The Digest: Official CBN Rate: N1,526.10 / USD Black-Market Rate: N1,545 / USD Drivers: CBN’s $170m FX sales, foreign portfolio inflows, Fed rate cut speculation The Naira opened in September stronger, appreciating by 0.35% to N1,526.10/$1 at the official market. Gains were supported by...

Key points: Official CBN Rate: ₦1,531.57 / USD Black-Market Rate: < ₦1,550 / USD Drivers: Surge in diaspora remittances (+200%), rising foreign portfolio inflows, stronger FX reserves, weaker U.S. dollar globally The naira kicked off September steady in the black market, trading below...