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  1. Central Bank of Nigeria to Sell $25,000 Weekly to BDCs for FX Liquidity

    Nigeria Central Bank of Nigeria to Sell $25,000 Weekly to BDCs for FX Liquidity

    The Central Bank of Nigeria (CBN) has granted Bureau De Change (BDC) operators temporary access to purchase $25,000 weekly from banks to meet increased foreign exchange demand during the yuletide period, from December 19, 2024, to January 30, 2025. This aims to stabilize the retail market and...
    • Nigeria News
    • Article
    • 2 min read
    • bureau de change cbn foreign exchange yuletide season
    • Category: Business
  2. Today's Naira Rate [13-12-2024]: Naira Depreciates by N68 in Parallel Market, Reaches N1,668/$

    Nigeria Today's Naira Rate [13-12-2024]: Naira Depreciates by N68 in Parallel Market, Reaches N1,668/$

    The Naira has depreciated in the parallel market, trading at N1,668 per dollar on December 12, 2024, down from N1,600. Meanwhile, in the official market, the Naira appreciated to N1,534.6 per dollar. The widening gap between the parallel and official exchange rates poses challenges for Nigeria's...
    • Nigeria News
    • Article
    • 1 min read
    • black market exchange rate dollar to naira exchange rate foreign exchange parallel market
    • Category: Business
  3. CBN Approves Dollar Sale to BDCs at N1,580/$ to Support Economic Stability

    Nigeria CBN Approves Dollar Sale to BDCs at N1,580/$ to Support Economic Stability

    The Central Bank of Nigeria (CBN) has approved the sale of dollars to Bureau de Change (BDC) operators at N1,580 per dollar, providing each BDC with $20,000 to enhance market liquidity. This move aims to address the demand for invisible transactions amidst ongoing economic challenges. The...
    • Nigeria News
    • Article
    • 2 min read
    • bureau de change cbn dollar sale foreign exchange
    • Category: Business
  4. Today's Naira Rate[12-07-2014]: Naira Plummets to July Low of N1,563.80/$1 Despite Central Bank Interventions

    Nigeria Today's Naira Rate[12-07-2014]: Naira Plummets to July Low of N1,563.80/$1 Despite Central Bank Interventions

    Despite Central Bank efforts, Nigerian naira hits July low at N1,563.80/$1 amid declining FX turnover. Recent CBN sales of $122.67 million failed to stabilize rates, highlighting ongoing economic challenges. In a concerning development, the Nigerian naira experienced a significant depreciation...
    • Nigeria News
    • Article
    • 1 min read
    • central bank of nigeria foreign exchange fx sales nigerian naira
    • Category: Business
  5. K

    Business Naira stable at N1,535/$ in parallel market - Vanguard News

    https://www.vanguardngr.com/2024/07/naira-stable-at-n1535-in-parallel-market/
  6. Today's Naira Rate[11-06-2014]: Naira Clings Below N1,500/$ Amidst U.S. Interest Rate Speculations

    Nigeria Today's Naira Rate[11-06-2014]: Naira Clings Below N1,500/$ Amidst U.S. Interest Rate Speculations

    The naira stands firm below N1,500/$ amidst U.S. interest rate decision anticipation. Stay informed with updates on Nigerian currency trends and global market insights. The Nigerian naira demonstrated resilience against the U.S. dollar, with the dollar index moderating as investors awaited...
    • Nigeria News
    • Article
    • 1 min read
    • cbn foreign exchange naira u.s. inflation u.s. interest rate
    • Category: Business
  7. Today's Naira Rate [20-05-2024]: Nigerian Naira Hits N1,490/$ at Parallel FX Markets

    Nigeria Today's Naira Rate [20-05-2024]: Nigerian Naira Hits N1,490/$ at Parallel FX Markets

    Nigeria's forex market experiences a notable shift as the Naira strengthens against the dollar, reaching N1,490 at parallel markets. Traders in Lagos report buying rates at N1,450 and selling at N1,490, marking a 1.34% increase from previous rates. Stay updated on economic fluctuations for...
    • Nigeria News
    • Article
    • 1 min read
    • foreign exchange forex naira exchange rate nigeria parallel market
    • Category: Business
  8. CBN Governor Yemi Cardoso Touts Naira as Best-Performing Currency Globally

    Nigeria CBN Governor Yemi Cardoso Touts Naira as Best-Performing Currency Globally

    Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), highlighted the success of the apex bank's foreign exchange (FX) reforms, asserting that they have propelled the naira to become the best-performing currency worldwide. Speaking during a briefing at the World Bank/IMF Spring...
    • Nigeria News
    • Article
    • 1 min read
    • cbn foreign exchange fx market world bank/imf meetings yemi cardoso
    • Category: Business
  9. Currency Woes: Naira Records Further Depreciation Against Dollar

    Nigeria Currency Woes: Naira Records Further Depreciation Against Dollar

    The Nigerian Naira fell to N1,620 against the US Dollar at the parallel market, marking a N20 decrease from the start of March. Bureau de Change operators quoted buying at N1,600 and selling at N1,620. The official exchange rate saw the Naira dip to N1,627.40 against the Dollar, a 1.57% fall...
    • Nigeria News
    • Article
    • 1 min read
    • economic news foreign exchange forex market naira exchange rate nigeria currency depreciation
    • Category: Business
  10. C

    Business ABCON: $35.6b foreign reserves enough to defend naira – The Nation News

    https://thenationonlineng.net/abcon-35-6b-foreign-reserves-enough-to-defend-naira/
  11. C

    Politics Why Nigeria’s external reserves is stuck at $35 billion – Nairametrics

    https://nairametrics.com/2020/09/14/why-nigerias-external-reserves-is-stuck-at-35-billion/
  12. C

    Business N490.4bn inflow to lift interbank liquidity – Vanguard News

    https://www.vanguardngr.com/2020/09/n490-4bn-inflow-to-lift-interbank-liquidity/
  13. C

    Business Analysts Predict Further Devaluation As Naira Drops To N480/$ – Leadership Newspaper

    https://leadership.ng/2020/08/20/analysts-predict-further-devaluation-as-naira-drops-to-n480/
  14. C

    Business Exchange rate hits N485 at black market – Nairametrics

    https://nairametrics.com/2020/07/31/breaking-exchange-rate-hits-n485-at-black-market/
  15. C

    Business Naira Slumps to 452/$ as Speculations, Debt weaken Market – Naijabizcom

    https://naijabizcom.com/2020/06/18/naira-slumps-to-452-as-speculations-debt-weaken-market/
  16. J

    Business Nigeria - 09/01/2019: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (09/01/2019) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros
    • jade
    • Thread
    • aboki fx aboki fx rate dollar euro exchange rate foreign exchange forex naira nigeria naira exchange rate nigeria naira exchange rate today pound
    • Replies: 0
    • Forum: Business News Links
  17. M

    Business Nigeria - 27/06/2018: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (27/06/2018) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros
    • mrsam
    • Thread
    • aboki fx aboki fx rate dollar euro exchange rate foreign exchange naira nigeria naira exchange rate nigeria naira exchange rate today pound
    • Replies: 0
    • Forum: Business News Links
  18. M

    Business Nigeria - 25/06/2018: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (25/06/2018) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros
    • mrsam
    • Thread
    • aboki fx aboki fx rate dollar euro exchange rate foreign exchange naira nigeria naira exchange rate nigeria naira exchange rate today pound
    • Replies: 0
    • Forum: Business News Links
  19. M

    Business Nigeria - 22/06/2018: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (22/06/2018) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros
    • mrsam
    • Thread
    • abok fx aboki fx rate dollar euro exchange rate foreign exchange forex naira nigeria naira exchange rate nigeria naira exchange rate today pound
    • Replies: 0
    • Forum: Business News Links
  20. M

    Business Nigeria - 21/06/2018: Today's Naira Rate Against The Dollar, Pounds And Euro

    Today's (21/06/2018) exchange rate of the Nigerian Naira against the Dollar, Pound and Euros
    • mrsam
    • Thread
    • aboki fx aboki fx rate dollar euro exchange rate foreign exchange forex naira nigeria naira exchange rate nigeria naira exchange rate today pound
    • Replies: 0
    • Forum: Business News Links

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