naira appreciation
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Nigeria Naira Climbs to N1,535: Black Market Operators Forecast Further Gains to N1,200
The Naira has increased to N1,535 in the official market and N1,555 in the black market, driven by the Central Bank of Nigeria's new Electronic Foreign Exchange Matching System (EFEMS). Black market operators predict further gains, with projections reaching N1,200 for the Naira by next week...- Nigeria News
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- black market exchange rate central bank of nigeria efems forex system naira appreciation usd to naira exchange rate
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![Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop](/data/attachments/211/211197-6f69f06e74344fc092be918cd69a3c80.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [09-12-2024]: Naira Hits N1,550/$ in Parallel Market, Official Rate Experiences Minor Drop
The Naira appreciated in the parallel market, trading at N1,550 per dollar, gaining N5 from last weekend. However, the official market saw a slight depreciation of N1,538. The exchange rate gap between the two markets narrowed to N12, reflecting ongoing stabilization efforts by the Central Bank...- Nigeria News
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- 1 min read
- central bank of nigeria exchange rate naira appreciation parallel market
- Category: Business
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Nigeria Analysts Predict Naira's Strength to Last Into 2025 Following Eurobond Success
The Nigerian naira has appreciated following Eurobond sales and the introduction of the Electronic Foreign Exchange Matching System (EFEMS), reaching N1,608/$1. Analysts predict continued strength into early 2025, bolstered by foreign portfolio investments, high treasury bill yields, and...- Nigeria News
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- efems eurobond sales foreign portfolio investments naira appreciation nigeria fx market
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![Today's Naira Rate [05-12-2024]: Naira Appreciates to N1,695/$ as Demand Drops Ahead of Holidays](/data/attachments/211/211009-eab1fb3d676e2af5c5c71e025958d3db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [05-12-2024]: Naira Appreciates to N1,695/$ as Demand Drops Ahead of Holidays
The Naira appreciates to N1,695 per dollar in the parallel market, showing a positive trend as demand decreases with the festive season approaching. It remains stable at N1,672.69 per dollar in NAFEM. Dollar turnover rose, and experts predict Naira stability as the year ends, with a narrowed...- Nigeria News
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- foreign exchange market nafem rate naira appreciation nigerian currency exchange parallel market
- Category: Business
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![Today's Naira Rate[07-11-2024]: Naira Appreciates to N1,720/$ in Parallel Market as Dollar Turnover Soars](/data/attachments/209/209957-f5e920323be553249c735a46597cceb5.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[07-11-2024]: Naira Appreciates to N1,720/$ in Parallel Market as Dollar Turnover Soars
The Naira appreciated to N1,720 per dollar in the parallel market and N1,671.32 per dollar in the NAFEM market. The official market saw a 124% rise in dollar turnover, though the gap between the parallel and official market rates widened slightly, raising concerns about currency stability. The...- Nigeria News
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- nafem exchange rate naira appreciation nigerian currency parallel market
- Category: Business
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![Today's Naira Rate[05-11-2024]: Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls](/data/attachments/209/209881-e7cdf4c3e7dc79ab60ad94386930eade.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[05-11-2024]: Naira Strengthens to N1,725 per Dollar in Black Market as Official Rate Falls
The naira appreciated to N1,725 per dollar in Nigeria’s parallel market but depreciated to N1,676.9 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Turnover in the official market dropped by 15.6%, with the rate gap narrowing. The naira appreciated in Nigeria’s parallel...- Nigeria News
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- nafem exchange rate naira appreciation naira exchange rate nigeria foreign exchange market nigerian parallel market
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![Today's Naira Rate[30-10-2024]: Naira Strengthens, Parallel Market Rates Hit N1,725 per Dollar](/data/attachments/209/209680-b3b00b896f8005f3e8f371831195771a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[30-10-2024]: Naira Strengthens, Parallel Market Rates Hit N1,725 per Dollar
The Nigerian Naira appreciated to N1,725 per dollar in the parallel market and N1,630.45 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Trading volumes surged by 198.8% to $242.59 million. The gap between the parallel and NAFEM rates widened to N94.55, raising concerns about...- Nigeria News
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- nafem naira - dollar exchange rate naira appreciation parallel market exchange rate
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![Today's Naira Rate[19-10-2024]: Naira Rises to N1600.78 as FX Market Sees Boost in Transactions](/data/attachments/209/209315-dbd145b491c796d77429639c6ae6f1ae.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[19-10-2024]: Naira Rises to N1600.78 as FX Market Sees Boost in Transactions
The naira appreciated significantly, gaining N59.71 against the dollar to close at N1600.78 on Friday after several days of depreciation. Foreign exchange transactions increased to $350.72 million, while the parallel market rate fell slightly to N1725 per dollar, reflecting ongoing volatility in...- Nigeria News
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- fx transactions nigeria naira appreciation naira vs dollar nigerian foreign exchange
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![Today's Naira Rate[15-08-2024]: Naira Gains 1.38% to ₦1,564.48/$ Amid Surge in Dollar Supply](/data/attachments/207/207258-f03ffe954e3016d0e0568883b0dfca20.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[15-08-2024]: Naira Gains 1.38% to ₦1,564.48/$ Amid Surge in Dollar Supply
The Nigerian Naira appreciated to ₦1,564.48 per dollar on Thursday, a 1.38% gain driven by increased dollar supply. Trading volumes surged by 61.54%, reflecting heightened market activity. The Central Bank of Nigeria's recent measures, including the Retail Dutch Auction System, aim to stabilize...- Nigeria News
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- dollar supply increase foreign exchange market naira appreciation nigerian currency
- Category: Business
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![Today's Naira Rate[08-08-2024]: Naira Hits N1593.62 per Dollar in Official Market Following CBN Auction](/data/attachments/207/207015-affd57b9486c10fafb7fff73c5d55218.jpg?hash=r_1XuUhsEP)
Nigeria Today's Naira Rate[08-08-2024]: Naira Hits N1593.62 per Dollar in Official Market Following CBN Auction
The naira appreciated against the dollar at the official foreign exchange market, closing at N1593.62 per dollar, up from N1596.52. The Central Bank of Nigeria’s recent $876.26 million sale to banks and the Retail Dutch Auction System contributed to this positive trend, signaling potential...- Nigeria News
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- cbn forex intervention dollar exchange rate n1593.62 per dollar naira appreciation nigerian forex market
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![Today's Naira Rate[06-08-2024]: Naira Sees 0.6% Increase, Now Trading at N1,607.15 Against Dollar](/data/attachments/206/206928-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[06-08-2024]: Naira Sees 0.6% Increase, Now Trading at N1,607.15 Against Dollar
The Nigerian Naira has appreciated by 0.6% against the dollar, trading at N1,607.15 in the official market. Data from the FMDQ Exchange shows a gain of N9.93 from the previous rate. At the Investor’s and Exporter’s window, the Naira ranges between N1,620.50 and N1,570.00. The Nigerian Naira has...- Nigeria News
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- fmdq exchange report naira appreciation naira exchange rate naira trading value nigerian currency update
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![Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal](/data/attachments/205/205837-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal
Discover the latest on Nigeria's forex market as the naira rebounds to N1,525/$ at the parallel market, ending a three-day decline. Get insights into the currency's fluctuations and impacts post-CBN's market unification. The naira halted its three-day decline against the dollar at the parallel...- Nigeria News
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- fmdq exchange forex market update naira appreciation naira exchange rate parallel market rate
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![Today's Naira Rate [23-05-2024]: Naira Depreciates to N1,510 Against Dollar in Parallel Market Amidst Forex Volatility](/data/attachments/204/204266-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [23-05-2024]: Naira Depreciates to N1,510 Against Dollar in Parallel Market Amidst Forex Volatility
The Naira depreciated to N1,510/$ in the parallel market but appreciated to N1,482.81/$ at the official window. Central Bank Governor Olayemi Cardoso emphasized ongoing reforms and the need for stakeholder cooperation to address economic challenges and inflation, aiming to improve the livelihood...- Nigeria News
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- cbn monetary policy naira appreciation naira depreciation nigerian forex market parallel market exchange rate todays exchange rate
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Nigeria Vice President Kashim Shettima's Response to Naira's Uncertainty Leaves Nigerians Intrigued
In a recent meeting with a delegation from the Lagos Chamber of Commerce and Industry (LCCI), Vice-President Kashim Shettima reassured Nigerians about the stability of the Naira in the foreign exchange market. Reflecting on recent fluctuations in the currency, Shettima shared insights into the...- Nigeria News
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- economic stability foreign exchange market kashim shettima naira appreciation president tinubu
- Category: Politics
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Nigeria ABCON President Confirms Naira's Rise: BDCs Purchase Dollars at N980 Amidst Market Calm
The Association of Bureau De Change Operators of Nigeria (ABCON) has revealed that BDC operators are now purchasing dollars at the rate of N980 to a dollar, marking a significant appreciation of the naira. This revelation was disclosed by the President of ABCON, Aminu Gwadebe, during a recent...- Nigeria News
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- abcon president bdc operators central bank of nigeria exchange rate stability forex market naira appreciation nigeria currency market
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![Today's Naira Rate [15-04-2024]: Nigerians Await Economic Relief as Naira Nears 1,000/$](/data/attachments/202/202858-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [15-04-2024]: Nigerians Await Economic Relief as Naira Nears 1,000/$
Nigeria's currency, the Naira, is poised on the brink of a significant milestone, edging closer to the 1,000 Naira to 1 US dollar mark on the black market, as it surged to N1,115 on Monday, with some traders quoting rates as high as N1,118 and N1,120. This surge follows a four-month high of...- Nigeria News
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- 1 min read
- black market exchange rate cbn central bank of nigeria dollar-naira exchange rate economic stability foreign exchange reforms monetary policy rate (mpr) naira appreciation
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Nigeria Nigerian Naira Shows Resilience, Rises to N1,120 Against Dollar in Par
The Nigerian Naira exhibited a remarkable appreciation against the United States Dollar on Monday, with significant gains observed in both the parallel market and the official foreign exchange (FX) window. This currency shift has drawn attention from investors, economists, and policymakers...- Nigeria News
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- 2 min read
- cbn dollar exchange rate foreign exchange market forex market naira appreciation parallel market yemi cardoso
- Category: Business
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Nigeria Naira Strengthens: Surprising Surge to N1,260 per Dollar Rocks Foreign Exchange Market
Amidst fluctuations in Nigeria's foreign exchange market, the Naira demonstrated a surprising appreciation, climbing to N1,260 per dollar in the parallel market from N1,270 per dollar just a day prior. Additionally, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira saw a...- Nigeria News
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- 1 min read
- foreign exchange market nafem naira appreciation nigerian autonomous foreign exchange market parallel market rates
- Category: Business
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Nigeria Nigeria's Naira Jumps to N1,280/$ at Parallel Market: Traders React
The Nigerian Naira witnessed a remarkable appreciation, reaching N1,280 per dollar at the parallel segment of the foreign exchange market. This surge, marking a 5.19 percent increase from the previous rate of N1,350/$ on March 27, has left currency traders in Lagos, commonly known as bureau de...- Nigeria News
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- cbn central bank of nigeria currency traders foreign exchange market naira appreciation parallel market
- Category: Business
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Nigeria Naira Strengthens Significantly, Hits N1,382/$ Amid Forex Stability Efforts
The Central Bank of Nigeria's recent interventions have spurred a remarkable recovery for the Naira, with the currency appreciating to N1,382.35/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This surge marks a significant gain from its previous rate of N1,536.83/$, showcasing...- Nigeria News
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- 1 min read
- central bank of nigeria foreign exchange settlement forex backlog forex market naira appreciation yemi cardoso
- Category: Business
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