naira exchange rate
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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[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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![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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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 $36.620 billion. On August...- Nigeria News
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![Today's Naira Rate[12-08-2024]: Naira Strengthens to N1,580/$ 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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- 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/$1 on July 25, 2024, marking a 1.07% drop from the previous day. Despite efforts by the Central Bank of Nigeria (CBN) to stabilize the currency through FX sales and support measures, demand pressure continues to affect the exchange rate. On July...- Nigeria News
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Nigeria Naira Hits N1,620/$ 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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![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[19-06-2014]: Naira Trades Flat at N1,490 per Dollar, Inflows Boost Confidence](/data/attachments/205/205244-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate[19-06-2014]: Naira Trades Flat at N1,490 per Dollar, Inflows Boost Confidence
Discover the latest on Nigeria's currency exchange rate as the naira holds steady at N1,490 per dollar on the parallel market, showing a marginal gain. On Wednesday, the Nigerian naira remained stable at N1,490 per dollar on the parallel market, showing a slight improvement from last week's...- Nigeria News
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![Today's Naira Rate [20-05-2024]: Nigerian Naira Hits N1,490/$ at Parallel FX Markets](/data/attachments/204/204131-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
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
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- foreign exchange forex naira exchange rate nigeria parallel market
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![Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar](/data/attachments/203/203848-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate [11-05-2024]: Naira's Downward Spiral: Hits Month-Low at N1470 Against Dollar
Amid evolving market dynamics, Nigeria's currency breached the N1,500 mark against the US dollar on the black market, highlighting fragile FX conditions. With the naira's downward trend from March, concerns rise over its ability to sustain gains without fiscal policy intervention. Analysts...- Nigeria News
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- central bank of nigeria fx market dynamics n1500 against dollar naira exchange rate nigerian currency
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![Today's Naira Rate [04-05-2024]:Naira Holds Steady at 1,380 Against Dollar Amid Currency Market Turmoil](/data/attachments/203/203601-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [04-05-2024]:Naira Holds Steady at 1,380 Against Dollar Amid Currency Market Turmoil
Amidst mounting demand and scarcity, the naira holds firm at N1380/$1 in Nigeria's parallel market. Traders report high demand driven by individuals and importers, maintaining a flat rate amidst fluctuating currency values. Concerns rise over the impact of dollar shortages on the country's...- Nigeria News
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- currency trading dollar scarcity naira exchange rate nigerian economy parallel market
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![Today's Naira Rate [29-04-2024]: Naira Weakens Further: BDC Operators Face Challenges as Dollar Hits N1,350](/data/attachments/203/203446-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [29-04-2024]: Naira Weakens Further: BDC Operators Face Challenges as Dollar Hits N1,350
Amidst ongoing economic uncertainties, the Nigerian naira witnessed a further depreciation against the US dollar, reaching N1,350 per dollar at the parallel segment of the foreign exchange (FX) market on Monday. This marked a 2.27 percent decline from the rate of N1,320/$ recorded on April 26...- Nigeria News
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Nigeria Naira Appreciates by 8.57% Against Dollar, Hits N1280/$1 at Parallel Market
Amidst fluctuations in Nigeria's foreign exchange market, the Naira has displayed a remarkable recovery against the US dollar, appreciating to N1280/$1 in the parallel market. This surge, representing an 8.57% gain from the previous day's N1,400, has left currency traders cautiously optimistic...- Nigeria News
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- currency trading forex market naira exchange rate parallel market usd to ngn
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