exchange rate today
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![Today's Naira Rate[25-10-2024]: Naira Hits N1,739/$ in Parallel Market](/data/attachments/209/209508-860af933db8f0e136367e45ab10c9013.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[25-10-2024]: Naira Hits N1,739/$ in Parallel Market
The Naira has depreciated to N1,739 per dollar in the parallel market, reflecting ongoing currency volatility. Conversely, it appreciated to N1,601.2 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Trading volumes in the official market surged 69%, highlighting significant market...- Nigeria News
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![Today's Naira Rate [22-05-2024]: Naira Weakens to N1,500 on Black Market After Central Bank Increases Interest Rates](/data/attachments/204/204180-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate [22-05-2024]: Naira Weakens to N1,500 on Black Market After Central Bank Increases Interest Rates
The Naira fell 1.47% against the dollar in the black market after the Central Bank of Nigeria raised its monetary policy rate to 26.25%. Financial experts cite increased dollar demand and inflation concerns. The drop raises import costs, impacting businesses and the broader Nigerian economy...- Nigeria News
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Nigeria Nigerians Dismiss Tinubu's Aide Bayo Onanuga's Advice to Dump Dollar for Strengthening Naira
In a bid to assuage concerns over Nigeria's economic stability, President Bola Tinubu's special adviser on information and strategy, Bayo Onanuga, issued a resolute message to the public, urging swift action in response to promising developments in the currency market. Onanuga's assertion, made...- Nigeria News
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- bayo onanuga exchange rate today forex market president tinubu
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Nigeria Statisense Report: Naira Plummets Among Top 15 Worst Currencies Against US Dollar
The Naira has been listed among the 15 worst-performing currencies against the US Dollar, according to Statisense by References1. The report, dated March 18, 2024, highlights the year-on-year loss against the USD for various currencies. Lebanon tops the list with a staggering -497%, followed by...- Nigeria News
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Nigeria Central Bank Faces Criticism as Naira Loses Ground, Now at N1,620/$
In a concerning economic development, the Naira faced a 1.25 percent depreciation against the US Dollar, reaching N1,620/$ at the parallel market on Monday. This marks a N20 decline from its trading rate of N1,600 on March 1, 2024. Bureau de Change (BDC) operators in Lagos quoted buying rates at...- Nigeria News
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![[VIDEO] EFCC Operatives Clash at Abuja Zone 4 Market in Desperate Bid to Save Plummeting Naira](/data/attachments/201/201140-b0a564a500643e19f71f62c24dbccfa6.jpg?hash=sKVkpQBkPh)
Nigeria [VIDEO] EFCC Operatives Clash at Abuja Zone 4 Market in Desperate Bid to Save Plummeting Naira
In a shocking turn of events, the Economic and Financial Crimes Commission (EFCC) launched a raid at Abuja's Zone 4 market, targeting Bureau De Change (BDC) operators as the Nigerian Naira faces a rapid decline to N1,700 against the dollar. Clad in their red vests, EFCC operatives used firearms...- Nigeria News
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- abuja market abuja zone 4 bureau de change efcc efcc vs bdc opeartors exchange rate today naira crisis tinubu administration.aboki fx
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Nigeria Naira Drops to N1,600 Against the Dollar, Sparks Widespread Concerns
The Nigerian Naira plummeted to an alarming N1,600 against the US dollar on Thursday, casting a harsh spotlight on the ongoing economic challenges during President Bola Tinubu's tenure. Despite efforts by the Central Bank of Nigeria to mitigate the free fall of the Naira, the currency's downward...- Nigeria News
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- dollar is $1600 exchange rate today naira to dollar exchange rate
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Nigeria Economic Concerns as Naira Depreciates to N1,565/$ in Parallel Market, Widening Gap with Official Rates
The Nigerian Naira experienced fluctuations against the US dollar, reaching an intra-day high of N1,582 while witnessing a notable decline in forex turnover, plummeting by 56.58% to $117.87 million. Both official and black-market exchange rates saw a marginal decrease in the value of the Naira...- Nigeria News
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- cbn reforms exchange rate today forex market naira fluctuations naira to dollar
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Nigeria CBN's Currency Policy Update Sparks Controversy: Nigerians React to Shift from Dollar to Naira in International Transfers
Nigerians are experiencing a financial paradigm shift as banks roll out the full implementation of the Central Bank of Nigeria's (CBN) revised guidelines on international money transfers. The new guidelines, issued on January 31, 2024, bring an end to the era of receiving dollars from family...- Nigeria News
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- cbn governor exchange rate today monetray policy yemi cardoso
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Nigeria Nigeria's $40 Billion Drain: CBN Governor Links Naira Woes to Surge in Foreign Education and Healthcare Expenses
Nigeria's economic landscape faces a significant challenge as Central Bank of Nigeria (CBN) Governor Oluyemi Cardoso revealed that Nigerians spent over $40 billion on foreign education and healthcare services between 2010 and 2020. The revelation came during a session with the House of...- Nigeria News
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- cbn governor exchange rate today naira depreciation yemi cardoso
- Category: Politics
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Nigeria Central Bank's $500 Million Boost Fails to Halt Naira's Dive, Reaches Record Low of N1,348.63/$1
Naira plummeted to a record low of N1,348.63 against the US Dollar on Monday, signaling a 33.87% decline from the previous Friday's closing rate of N891.90. This unprecedented depreciation, witnessed at the official NAFEM market, reflects the severity of the current economic challenges facing...- Nigeria News
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- cbn exchange rate today forex market naira against dollar naira depreciation
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Nigeria Naira Hits Record Low at N1,320/$1 Amid High Demand and Mass Departure of Overseas Nigerians
The Nigerian Naira experienced a significant drop, reaching a historic low of N1,320 per dollar—3.03% weaker than the previous day's closing rate of N1,280. This marks the lowest point since October 26, 2023. Analysts attribute the fall to a surge in demand for dollars. Businesses restocking...- Nigeria News
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- exchange rate today naira exchange rate naira to dollar exchange rate nigerias naira
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Nigeria Nigerian Naira Hits All-Time Low, Reaches N1043.09/$1, Signaling Economic Concerns
In a dramatic turn of events, the Nigerian Naira has plummeted to an unprecedented low, exchanging at N1043.09 to the dollar at the official foreign exchange market. This shocking depreciation marks a significant decline from N872.59/$ recorded just a day earlier. According to market experts...- Nigeria News
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- cbn exchange rate today monetary policy nigerian economy nigerian naira
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Nigeria Naira's Wild Ride: Drops to ₦1,200/$ in Parallel Market, Jumps 11% to ₦843.07/$ in NAFEM
The Nigerian naira faced a sharp depreciation in the parallel market, tumbling from ₦1,172 to ₦1,200 against the dollar. Simultaneously, the Nigerian Foreign Exchange Market (NAFEM) witnessed a surprising turnaround as the naira appreciated significantly, soaring by 11% or ₦108.15 to reach...- Nigeria News
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- exchange rate today monetary policy naira to dollar
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Nigeria EIU Report: Nigeria's Official Exchange Rate Set to Surge to N1,068/$ by 2025
A recent report by the Economist Intelligence Unit (EIU) forecasts a substantial devaluation of Nigeria's official exchange rate to N1,068.3 per US dollar by 2025. The EIU attributes this projection to the widening gap between official and parallel-market rates, coupled with the country's low...- Nigeria News
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- dollar to naira rate eiu exchange rate today
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Nigeria Naira Faces Sharp Depreciation, Closes at N996/$ at NAFEM
Nigerian Naira experienced a sharp depreciation of 13.95 percent, closing at N996 per dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the official exchange rate window. FMDQ Securities Exchange data revealed the Naira's tumultuous journey, reaching an intra-day high of N1,100...- Nigeria News
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- cbn exchange rate today fmdq nafem
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Nigeria Naira Exchange Rate Plummets to N1,135/$ in Parallel Market, Raising Economic Alarms
The Nigerian Naira faced a significant challenge in the foreign exchange market as it depreciated to N1,135 per US dollar on Wednesday at the parallel market. This represents a notable N15 or 1.35 percent depreciation compared to the previous day's exchange rate of N1,120. Currency traders...- Nigeria News
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Nigeria Naira Defies Odds, Surges to N1113/$ in P2P Market
In a dramatic turn of events, the Nigerian Naira experienced a lightning-fast appreciation against the United States Dollar within a matter of hours in the Peer-to-Peer (P2P) market. Traders and economists were left astounded as the Naira's value soared, marking an incredible gain of N166...- Nigeria News
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- exchange rate today nigerias naira wale edun
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Nigeria Nigerian Naira Gains Ground, Closes at NGN801.10/$1 in Official Market
On Wednesday, the Nigerian naira experienced a significant boost, appreciating against the US dollar as it closed at NGN801.10 per $1. This marks a remarkable 5.83% increase from the previous day's rate, which stood at NGN847.77/$1. The day's forex market saw an intraday high of N891/$1 and an...- Nigeria News
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- exchange rate today nigerian naira
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Nigeria Nigeria Anticipates $10 Billion Forex Inflows, Finance Minister Reveals at Economic Summit
In an announcement that holds significant promise for Nigeria's economic landscape, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has revealed that the country is poised to receive a substantial forex inflow of $10 billion in the near future. He made this...- Nigeria News
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- exchange rate today premium times news wale edun
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