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  1. Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1

    Nigeria Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1

    Nigerian naira stable at N1,483.99/$1 as $925m oil loan boosts dollar inflows. External reserves rise to $32.79bn, but the black market rate is N1,495/$1. The Nigerian Naira maintained stability at the close of the week, buoyed by a surge in dollar inflows attributed to additional oil...
    • Nigeria News
    • Article
    • 1 min read
    • dollar inflows exchange rate external reserves nigerian naira
    • Category: Business
  2. Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481

    Nigeria Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481

    Stay updated on the latest shift in Nigeria's Naira-Dollar dynamics. June 3rd, 2024, marks a potential game-changer with the Naira stabilizing against the US Dollar at ₦1,481 in the black market. The Nigerian Naira and the US Dollar's relationship has often been tumultuous, but June brings a...
    • Nigeria News
    • Article
    • 1 min read
    • british pound cbn exchange rate naira to dollar rate today nigerian naira todays exchange rate us dollar
    • Category: Business
  3. Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge

    Nigeria Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge

    The Nigerian Naira faced a sharp decline, falling to N1,329.65 against the US Dollar despite recent gains and CBN interventions. The abrupt reversal raises concerns about currency stability and prompts questions about the effectiveness of central bank measures. Market observers remain vigilant...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria currency depreciation exchange rate foreign exchange market nigerian naira
    • Category: Business
  4. Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar

    Nigeria Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar

    The Nigerian Naira strengthens against the US dollar, surging by 9.68% to ₦1,339.33/$ in the official forex market. However, facing a slight dip in the parallel market, the Naira trades at ₦1,520 to the dollar. Central Bank attributes volatility to seasonal fluctuations, while forex turnover...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria exchange rate forex market nigerian naira official market us dollar
    • Category: Business
  5. Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage

    Nigeria Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage

    The naira depreciates by 1.32% against the dollar on the black market, opening at N1,520, attributed to increased demand and supply shortages. Meanwhile, the official exchange rate remains stable. Data shows slight fluctuations in the official market, with the naira appreciating by 0.19%, while...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria exchange rate forex market nigerian naira official market us dollar
    • Category: Business
  6. K

    Business Naira gains N61.38 against dollar at official market, weakens at parallel market - Vanguard News

    https://www.vanguardngr.com/2024/05/naira-gains-n61-38-against-dollar-at-official-market-weakens-at-parallel-market/
  7. Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$

    Nigeria Businesses Brace for Impact as Nigerian Customs Raises Import Duty Exchange Rate to N1,441/$

    Nigerian Customs recently upped the import duty exchange rate to N1,441/$1, marking a significant hike from the previous rate. This shift has sent shockwaves through businesses, prompting concerns about increased costs and potential economic repercussions. The Nigerian Customs Service has...
    • Nigeria News
    • Article
    • 2 min read
    • central bank of nigeria exchange rate import duties inflation nigerian customs
    • Category: Business
  8. K

    Business Naira slumps against Dollar at foreign exchange market - Daily Post

    https://dailypost.ng/2024/05/03/naira-slumps-against-dollar-at-foreign-exchange-market/
  9. Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar

    Nigeria Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar

    The Nigerian Naira experienced a significant rebound in the parallel market, appreciating to 1,280 Naira per US dollar. This unexpected surge marked a notable recovery for the currency, which had faced recent depreciation challenges. The rebound comes amidst ongoing fluctuations in the foreign...
    • Nigeria News
    • Article
    • 1 min read
    • exchange rate naira parallel market
    • Category: Business
  10. Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates

    Nigeria Today's Naira Rate [26-04-2024]: Naira Falls to N1,430 Against Dollar as Speculators Drive Exchange Rates

    Amidst the ongoing economic turbulence in Nigeria, the value of the national currency, the naira, has continued its downward trajectory across both official and unofficial foreign exchange markets. Speculators are capitalizing on the situation, leading to a surge in demand for the US dollar...
  11. K

    Business Naira slumps seventh times against Dollar in days at Foreign Market - Daily Post

    https://dailypost.ng/2024/04/26/naira-slumps-seventh-times-against-dollar-in-days-at-foreign-market/
  12. Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar

    Nigeria Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar

    Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian...
    • Nigeria News
    • Article
    • 1 min read
    • exchange rate foreign exchange market nigerian naira official market parallel market
    • Category: Business
  13. K

    Business Naira depreciates to N1,300/$ in official market - Vanguard News

    https://www.vanguardngr.com/2024/04/naira-depreciates-to-n1300-in-official-market/
  14. K

    Business Naira depreciates to N1,234/$ at official market - Linda Ikeji’s Blog

    https://www.lindaikejisblog.com/2024/4/naira-depreciates-to-n1234-at-official-market-2.html
  15. Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market

    Nigeria Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market

    The Nigerian Naira faced further devaluation on Wednesday, reaching a record low of N1,260 against the US dollar in the parallel foreign exchange market. This marks a significant 2.44 percent decline from the N1,230 exchange rate recorded just days prior on April 19. At the official window...
    • Nigeria News
    • Article
    • 1 min read
    • exchange rate forex market nigerian naira parallel market
    • Category: Business
  16. Today's Naira Rate [21-04-2024]: Fluctuating Naira Sparks Worries Among Nigerians as Exchange Rate Hits ₦1,200/$

    Nigeria Today's Naira Rate [21-04-2024]: Fluctuating Naira Sparks Worries Among Nigerians as Exchange Rate Hits ₦1,200/$

    The Nigerian currency, the Naira, appears to be facing another depreciation period, as observed by some social media users. Concerns about the stability of the currency are expressed, with one user noting a decrease and another lamenting the continual rise. One user highlights a sense of...
    • Nigeria News
    • Article
    • 1 min read
    • cbn exchange rate forex market naira depreciation todays exchange rate
    • Category: Business
  17. Naira Appreciation, Price Hikes: Analysts Decode Disconnect Between Exchange Rates and Consumer Costs

    Nigeria Naira Appreciation, Price Hikes: Analysts Decode Disconnect Between Exchange Rates and Consumer Costs

    Despite the recent surge in the Nigerian Naira against major foreign currencies, prices of goods and services continue to soar, defying expectations of a downward trend. While the Naira gained significant ground against the US Dollar, reaching N1,060 per Dollar compared to a peak of N1,900 in...
    • Nigeria News
    • Article
    • 2 min read
    • consumer prices exchange rate inflation economic analysis nigerian naira
    • Category: Business
  18. K

    Business Dollar not selling at N1,000/$1- BDCs debunk viral post - Linda Ikeji’s Blog

    https://www.lindaikejisblog.com/2024/3/dollar-not-selling-at-n10001-bdcs-debunk-viral-post-2.html
  19. Naira Gains: Nigerians Demand Immediate Price Reduction In Goods and Services

    Nigeria Naira Gains: Nigerians Demand Immediate Price Reduction In Goods and Services

    In response to the fluctuating dollar exchange rate, Nigerians are expressing frustration over the reluctance of sellers to immediately reduce prices despite the recent decrease in the value of the dollar. The sentiment stems from the observation that when the dollar surges, sellers swiftly...
    • Nigeria News
    • Article
    • 1 min read
    • dollar decrease exchange rate forex market nigerian economy price reduction
    • Category: Business
  20. Nigerians Mock Prophet Odumeje for Claiming Credit for Dollar-Naira Exchange Rate Drop Using 'Abidoshaker' Power

    Nigeria Nigerians Mock Prophet Odumeje for Claiming Credit for Dollar-Naira Exchange Rate Drop Using 'Abidoshaker' Power

    Prophet Chukwuemeka Ohanemere, also known as Odumeje, of the Mountain of Holy Ghost Intervention and Deliverance Ministry, claimed in a video during a church program that the exchange rate of the dollar to the naira decreased because of his 'Abidoshaker' power. This assertion comes as the...
    • Nigeria News
    • Article
    • 1 min read
    • abidoshaker power dollar to naira exchange rate nigerians reactions prophet odumeje
    • Category: Metro

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