naira
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![Today's Naira Rate[26-11-2024]: Naira Hits N1752 Against the Dollar in Black Market](/data/attachments/210/210694-876ea261d3417375131fa527c657f455.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[26-11-2024]: Naira Hits N1752 Against the Dollar in Black Market
As of 26th November 2024, the black market exchange rate for USD to NGN in Lagos is N1,752 (buying) and N1,755 (selling). The official CBN rate is N1,664 (buying) and N1,665 (selling). Rates may vary depending on location and financial institutions. As of today, 26th November 2024, the black...- Nigeria News
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- black market dollar exchange rate naira usd to ngn
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Nigeria Naira Plummets: Now Third Worst Currency as Liquidity Issues Persist
Nigeria's Naira has fallen to the world's third worst-performing currency, losing about 70% of its value against the dollar. A recent 4.3% drop to 1,670.65 Naira per dollar highlights ongoing liquidity issues in the foreign exchange market, exacerbated by declining crude oil production. The...- Nigeria News
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- crude oil production currency devaluation foreign exchange market naira nigeria economy
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![Today's Naira Rate [22-10-2024]: Naira Climbs to ₦1,715 in Parallel Market Amid Rising Dollar Trading Volume](/data/attachments/209/209423-060f268af27363b5a828adb57ad43123.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [22-10-2024]: Naira Climbs to ₦1,715 in Parallel Market Amid Rising Dollar Trading Volume
The Naira appreciated in the parallel market, trading at ₦1,715 per dollar on October 21, while depreciating in the Nigerian Autonomous Foreign Exchange Market (NAFEM) to ₦1,603.16. Central Bank Governor Olayemi Cardoso highlighted the potential benefits of a weaker Naira for boosting exports...- Nigeria News
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- cbn governor dollar exchange rate foreign exchange market naira parallel market
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![Today's Naira Rate[09-08-2024]: FX Market Stabilizes as Naira Reaches N1,572.20/$ After CBN Auction](/data/attachments/207/207037-027b9da57be8d603e13aa4e47865232a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[09-08-2024]: FX Market Stabilizes as Naira Reaches N1,572.20/$ After CBN Auction
The Nigerian naira has strengthened for the third consecutive day, reaching N1,572.20 per dollar due to the Central Bank of Nigeria's retail Dutch auction. This development is boosting foreign exchange inflows and stabilizing the economy, with potential reductions in FX market volatility...- Nigeria News
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- cbn retail auction fx market naira naira exchange rate nigerian economy
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![Today's Naira Rate[11-06-2014]: Naira Clings Below N1,500/$ Amidst U.S. Interest Rate Speculations](/data/attachments/204/204946-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
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
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- cbn foreign exchange naira u.s. inflation u.s. interest rate
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![Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence](/data/attachments/204/204787-2f7bda2fdd5d28ed97c990c5e2d52d50.jpg?hash=L3vaL91dKO)
Nigeria Today's Naira Rate [07-06-2024]: Nigerian Naira Slips Closer to N1500/$ Amid Dollar's Resurgence
The Nigerian Naira faces downward pressure against the US dollar, nearing the critical threshold of N1500/$ as the dollar index surges by 80 basis points. As the trading week came to a close, the Nigerian Naira witnessed a notable decline against the US dollar, reaching N1495/$ in the parallel...- Nigeria News
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- black market currency dollar exchange rate forex naira nigeria
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![Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar](/data/attachments/203/203737-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [08-05-2024]: Naira Depreciates Slightly to N1,450/$ Against Dollar
Explore the economic turmoil in Nigeria's currency markets as the Naira struggles against a surging U.S. Dollar. Amidst regulatory interventions and Federal Reserve policy uncertainties, fluctuations in exchange rates prompt concerns over FX liquidity. On Wednesday, the Naira experienced a...- Nigeria News
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- currency markets exchange rates federal reserve naira u.s. dollar
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![Today's Naira Rate [27-04-2024]: Nigeria's Naira Bounces Back Strong, Hits 1,280 Against Dollar](/data/attachments/203/203376-fac0fa1defd2c5f3b205505ee482c7dc.jpg?hash=-sD6He_Sxf)
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
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- 1 min read
- exchange rate naira parallel market
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![Today's Naira Rate [23-04-2024]: Naira Appreciates to N1,250/$ Following CBN's Strategic Dollar Injection](/data/attachments/203/203190-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [23-04-2024]: Naira Appreciates to N1,250/$ Following CBN's Strategic Dollar Injection
The Naira experienced a notable uptick on Tuesday morning, fueled by the Central Bank of Nigeria's (CBN) strategic move to sell dollars to Bureau de Change (BDC) operators at a discounted rate. This intervention aimed to alleviate the mounting pressure observed in the black market. According to...- Nigeria News
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- bdc bureau de change businessday report cbn central bank of nigeria foreign exchange market naira
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Nigeria Currency Strengthens: Naira Hits N1400/$1 in Parallel Market as Demand Slows
In the parallel market, operators are quoting a buy price of N1400/$1 for individuals selling dollars, marking a notable strengthening of the naira. Recent checks by Nairametrics reveal that the exchange rate has been on the rise as speculators begin offloading their stockpiles of dollars due to...- Nigeria News
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- exchange ratetoday naira naira - dollar exchange rate parallel market
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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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- currency depreciation exchange rate today naira naira devaluation us dollar
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Nigeria Naira’s Freefall: Nigeria's Currency Hits Unprecedented 999/Dollar Low Amid Economic Strain
In a distressing economic downturn, Nigeria's naira has reached an all-time low against the dollar, trading at 999 on the official market, as reported by Reuters. This significant depreciation is similar to the persistent weakness in the parallel market, where a scarcity of dollars puts enormous... -
Nigeria Naira Drops to Record 980 per Dollar in Official Market, Reflecting Persistent Dollar Shortages and Economic Challenges
Photo by Sunday Abegunde on Unsplash According to Reuters, Nigeria's naira has plummeted to an unprecedented low against the dollar, hitting 980 naira per dollar in the official market. This record devaluation mirrors the ongoing weakness in the parallel market and underscores the persistent... -
Nigeria Nairametrics: OPay Faces Backlash as Nigerians Discover Unauthorised Accounts
Image by Gerd Altmann from Pixabay Fintech company OPay has become involved in a controversial situation that has surprised many Nigerians. Nairametrics reported that many Nigerians have discovered they have OPay accounts despite having yet to open one. This discovery has sparked questions and... -
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Business More confusion trails Nigeria’s FX policy after latest naira U-turn – Businessday NG
https://businessday.ng/exclusives/article/more-confusion-trails-nigerias-fx-policy-after-latest-naira-u-turn/- Chinedu Iroka
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Business Naira value not decided by parallel market, says Emefiele – The Nation News
https://thenationonlineng.net/naira-value-not-decided-by-parallel-market-says-emefiele/- Chinedu Iroka
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- abuja news central bank of nigeria gov. godwin emefiele naija news naira nigeria news the nation news
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Business NAIRA: Basing devaluation on parallel market rate wrong — CBN – Vanguard News
https://www.vanguardngr.com/2020/11/naira-basing-devaluation-on-parallel-market-rate-wrong-cbn/- Chinedu Iroka
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- central bank of nigeria naija news naira nigeria news vanguard news
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Business Naira weakens as external reserves decline by $$31.16m – Businessday NG
https://businessday.ng/markets/currency-watch/article/naira-weakens-as-external-reserves-decline-by-31-16m/- Chinedu Iroka
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Business Analysts project N483/$1 parallel market rate by Dec – New Telegraph
https://www.newtelegraphng.com/analysts-project-n483-1-parallel-market-rate-by-dec/- Chinedu Iroka
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- naija news naira newtelegraph news nigeria news
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Business Naira exchanges N460 to dollar on parallel market – The Nation News
https://thenationonlineng.net/naira-exchanges-n460-to-dollar-on-parallel-market/- Chinedu Iroka
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- central bank of nigeria naija news naira nigeria news president buhari the nation news
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