naira exchange rate
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![Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$](/data/attachments/212/212954-58e780ec025feefde8bfa331a3d70815.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$
The naira gained strength against the US dollar, appreciating to N1,627 in the parallel market and N1,493 in the official window. Traders attribute the recovery to low dollar demand and CBN interventions. Analysts believe continued stability measures could sustain the naira’s upward trend. The...- Nigeria News
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- cbn intervention dollar to naira naira appreciation naira exchange rate nigerian forex market
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![Today's Naira Rate [14-01-2025]: Naira Struggles as Parallel Market Rate Reaches N1,660/$](/data/attachments/212/212410-d987146b6be27bd1ec22456cd9d9d9e8.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [14-01-2025]: Naira Struggles as Parallel Market Rate Reaches N1,660/$
The Nigerian Naira depreciated in the parallel market, trading at N1,660/$, while strengthening slightly in the official market to N1,549/$. This widening gap between the two rates highlights ongoing volatility in Nigeria's foreign exchange market, affecting businesses and individuals relying on...- Nigeria News
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- naira depreciation naira exchange rate nigeria forex official market rate parallel market
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![Today's Naira Rate [13-01-2025]: Forex Woes Persist as Naira Falls to N1,548 Officially, N1,667 in Black Market](/data/attachments/212/212368-cecc7b1fed30e571bea2decdfbbfcb9d.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [13-01-2025]: Forex Woes Persist as Naira Falls to N1,548 Officially, N1,667 in Black Market
The naira fell to N1,548.89 per dollar at the official exchange market on January 13, marking a N5.86 drop from the previous rate. The black market recorded a slight depreciation to N1,667 per dollar. The naira’s decline highlights Nigeria’s ongoing forex challenges and its impact on businesses...- Nigeria News
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- black market dollar rate. naira depreciation january 2025 naira exchange rate naira to dollar nigeria forex market
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![Today's Naira Rate [17-12-2024]: Naira Climbs to N1,660/$ in Parallel Market, Official Rate Dips to N1,550](/data/attachments/211/211482-8c73af42dc4b7b3fa20d7e0265c88392.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [17-12-2024]: Naira Climbs to N1,660/$ in Parallel Market, Official Rate Dips to N1,550
The Naira appreciated to N1,660/$ in the parallel market but weakened to N1,550/$ in the official market, reflecting mixed performance on Monday. The exchange rate gap narrowed to N110/$, highlighting volatility in Nigeria's foreign exchange markets amid inflation and shifting economic dynamics...- Nigeria News
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- naira appreciates 2024 naira depreciation trends naira exchange rate official naira rate 2024 parallel market naira rate
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![Today's Naira Rate [04-12-2024]: Naira Strengthens to N1,725 per Dollar in Parallel Market](/data/attachments/210/210954-c3a1443bf983c269bff67902370022d3.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [04-12-2024]: Naira Strengthens to N1,725 per Dollar in Parallel Market
The Naira appreciated to N1,725 per dollar in the parallel market, a slight increase from N1,730 on Monday. However, the Naira remained stable at N1,672.69 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). The volume of dollar trading decreased by 18.2%, narrowing the margin between...- Nigeria News
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- foreign exchange stability nafem naira exchange rate nigerian currency parallel market
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![Today's Naira Rate [28-11-2024]: CBN Hike Keeps Naira Stable at N1,750/$ in Parallel Market](/data/attachments/210/210762-766854fddcd675e565fac179cbedfde3.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [28-11-2024]: CBN Hike Keeps Naira Stable at N1,750/$ in Parallel Market
The naira steadied at N1,750/$ in the parallel market after the Central Bank of Nigeria's 25-basis point rate hike. Despite minimal movement in the forex market, experts predict the naira could appreciate in 2025 due to improving foreign reserves and oil production. The naira remained largely...- Nigeria News
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- cbn rate hike fx market trends naira depreciation naira exchange rate nigeria inflation parallel market rate
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![Today's Naira Rate[19-11-2024]: Naira Gains 0.67%, Trades at ₦1,678.93 Against Dollar](/data/attachments/210/210429-c1f9476bc49de3f3ab8185665285b3bf.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[19-11-2024]: Naira Gains 0.67%, Trades at ₦1,678.93 Against Dollar
The Naira appreciated by 0.67% against the dollar, trading at ₦1,678.93 in the official market. This gain follows three consecutive losses. However, daily trading turnover dropped to $128.59 million. At the I&E window, the Naira fluctuated between ₦1,698 and ₦1,631 per dollar, reflecting market...- Nigeria News
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- 1 min read
- fmdq market update forex trading nigeria naira exchange rate naira vs dollar
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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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- 2 min read
- nafem exchange rate naira appreciation naira exchange rate nigeria foreign exchange market nigerian parallel market
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![Today's Naira Rate[17-10-2024]:Naira Depreciates Further to ₦1,705 Against the Dollar in Black Market](/data/attachments/209/209264-75239364762d3e0f4a7e85481c4aa046.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[17-10-2024]:Naira Depreciates Further to ₦1,705 Against the Dollar in Black Market
The naira’s value has dropped to ₦1,705 per dollar in the parallel market, reflecting a continued decline due to high demand for U.S. dollars and limited foreign exchange inflows. This latest depreciation highlights the naira's vulnerability amidst Nigeria’s foreign exchange challenges. The...- Nigeria News
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- dollar naira exchange rate naira exchange rate parallel market
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![Today's Naira Rate[04-09-2024]: Rising Inflation Looms as Naira Trades at Six-Month Low of N1,625.88/$1](/data/attachments/207/207981-14653f6b81669f690c028af5c37d80bb.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[04-09-2024]: Rising Inflation Looms as Naira Trades at Six-Month Low of N1,625.88/$1
Nigeria's exchange rate fell to a six-month low of N1,625.88 per dollar on August 4, 2024, indicating ongoing economic challenges. The naira's depreciation coincided with rising petrol prices, contributing to inflation and tightening liquidity in the foreign exchange market, which saw a...- Nigeria News
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- currency depreciation nigeria foreign exchange market inflation pressure nigeria naira exchange rate nigeria economic challenges
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![Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains](/data/attachments/207/207487-2f6d6883f23a034efccccca8e854a5ea.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains
The Nigerian naira remains at N1600/$ in the black market, despite recent improvements in Nigeria's foreign exchange market. The introduction of dollar bonds to increase liquidity hasn't eased the pressure on the naira, as it struggles against short sellers and global currency dynamics. The...- Nigeria News
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- dollar bonds naira black market naira exchange rate nigerian currency nigerian fx market
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![Today's Naira Rate[21-08-2024]: Naira Weakens Further, Black Market Rates Reach N1,615 Per Dollar](/data/attachments/207/207447-212178087eb0d283118d468115956c78.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[21-08-2024]: Naira Weakens Further, Black Market Rates Reach N1,615 Per Dollar
The Naira dropped N27.58 against the dollar in just two days, reaching N1,592.06 at the official market. In the black market, it fell to N1,615. The Central Bank of Nigeria's recent interventions are under scrutiny as the currency continues to weaken amid inconsistent foreign exchange policies...- Nigeria News
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- central bank of nigeria naira exchange rate nigerian forex market
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Nigeria Naira Falls to N1,582.09 After Four Days of Gains as External Reserves Drop
On August 14, 2024, the naira experienced its first loss after a period of gains due to a drop in external reserves and decreased dollar supply. The naira fell by 0.70% at the official market, while it appreciated on the parallel market. External reserves declined to $36.620 billion. On August...- Nigeria News
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- external reserves decline naira exchange rate naira official market rate
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![Today's Naira Rate[12-08-2024]: Naira Strengthens to N1,580/$ in Parallel Market; NAFEM Rate Drops](/data/attachments/207/207139-d494322407b277d99d98dc1c9b7201ce.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[12-08-2024]: Naira Strengthens to N1,580/$ in Parallel Market; NAFEM Rate Drops
The Naira appreciated to N1,580 per US dollar in the parallel market on August 12, 2024, up from N1,585. In the Nigerian Autonomous Foreign Exchange Market, the rate fell to N1,570.99 from N1,574.20. The trading volume decreased by 23.7%, widening the gap between market rates. On August 12...- Nigeria News
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- black market dollar to naira naira exchange rate naira exchange rate ₦1600 usd to ngn exchange rate
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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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- 2 min read
- cbn retail auction fx market naira naira exchange rate nigerian economy
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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[25-07-2014]: Naira Falls to Four-Month Low at N1,603.80/$1 Amid Increased Demand](/data/attachments/206/206496-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[25-07-2014]: Naira Falls to Four-Month Low at N1,603.80/$1 Amid Increased Demand
The naira fell to a four-month low of N1,603.80/$1 on July 25, 2024, marking a 1.07% drop from the previous day. Despite efforts by the Central Bank of Nigeria (CBN) to stabilize the currency through FX sales and support measures, demand pressure continues to affect the exchange rate. On July...- Nigeria News
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- naira depreciation naira exchange rate
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Nigeria Naira Hits N1,620/$ in Parallel Market as Depreciation Continues
The naira fell to N1,620 against the dollar in the parallel market on July 18, marking its fifth straight day of depreciation. Official rates showed a slight recovery to N1,566.82. The Central Bank of Nigeria's interventions and calls for stabilization highlight ongoing concerns about currency...- Nigeria News
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- central bank of nigeria foreign exchange market naira depreciation naira exchange rate nigeria currency parallel market
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![Today's Naira Rate[18-07-2014]: Economic Crisis Deepens as Naira Hits Historic Low of N1,600/$1 in Parallel Market](/data/attachments/206/206237-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[18-07-2014]: Economic Crisis Deepens as Naira Hits Historic Low of N1,600/$1 in Parallel Market
Nigeria's Naira hits a historic low, trading at N1,630/$1 on online platforms. The currency crisis, driven by high demand and limited supply, impacts businesses and everyday Nigerians. Experts call for robust economic policies to stabilize the currency and ensure sustainable growth. The naira...- Nigeria News
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- naira exchange rate nigeria currency crisis nigerian economy news parallel market dollar rate
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![Today's Naira Rate[10-07-2014]: Naira Plummets to N1,561/$ in Official Market: Lowest in Three Months](/data/attachments/205/205997-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[10-07-2014]: Naira Plummets to N1,561/$ in Official Market: Lowest in Three Months
The Nigerian naira fell to N1,561 per dollar, its lowest in three months, at the official market. The currency saw fluctuations in both parallel and official markets amid rising external reserves. The Central Bank of Nigeria allows International Oil Companies to sell 50% of repatriated export...- Nigeria News
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- forex market nigeria naira exchange rate parallel market stability
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