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![Today's Naira Rate [27-03-2025]: Naira Gains to N1,575/$ in Parallel Market, Official Rate Drops](/data/attachments/214/214842-60e0ff3dc917baac172aaee8ae40e657.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [27-03-2025]: Naira Gains to N1,575/$ in Parallel Market, Official Rate Drops
The naira appreciated to N1,575/$ in the parallel market but depreciated to N1,535/$ in the official forex market, narrowing the rate gap to N40/$. Analysts attribute fluctuations to forex reforms and market demand, urging policy measures for stability. The Naira experienced mixed movements in...- Nigeria News
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![Today's Naira Rate [18-03-2025] : Naira Surges to N1,590 Against Dollar, Official Rate Sees Minor Decline](/data/attachments/214/214550-858dd3e319da292900a928fdb5f07e60.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [18-03-2025] : Naira Surges to N1,590 Against Dollar, Official Rate Sees Minor Decline
The naira appreciated to N1,590 per dollar in the parallel market, gaining from N1,600 per dollar last weekend. Meanwhile, the official exchange rate depreciated slightly to N1,549 per dollar. The gap between both markets narrowed to N41 per dollar, reflecting ongoing forex market fluctuations...- Nigeria News
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- 1 min read
- cbn exchange rate forex market nigeria naira exchange rate naira to dollar parallel market rate
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Nigeria Naira Gains to N1,565/$ in Parallel Market as Official Rate Weakens
The naira appreciated to N1,565/$ in the parallel market, while it weakened to N1,537/$ in the official market, narrowing the gap to N37/$. Analysts link the fluctuations to CBN policies and forex supply dynamics, as businesses and investors closely monitor the currency’s stability and future...- Nigeria News
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- cbn forex policy naira exchange rate nigerian economy official exchange rate parallel market
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![Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips](/data/attachments/214/214166-0fb08536d850cb6a807146355debd9a2.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips
The naira appreciated to N1,512 per dollar in the black market while weakening slightly to N1,505 per dollar in the official forex market. The exchange rate gap narrowed to N7 per dollar as the CBN continued interventions. Experts assess the impact on inflation, imports, and investor confidence...- Nigeria News
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- black market dollar rate cbn forex policy naira exchange rate naira to dollar today nigerian forex market
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![Today's Naira Rate [06-03-2025]: Naira Appreciates to ₦1,512 Per Dollar in Parallel Market](/data/attachments/214/214131-d02439c35f9abca9788b3e77aeaa33b6.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [06-03-2025]: Naira Appreciates to ₦1,512 Per Dollar in Parallel Market
The Nigerian naira appreciated to ₦1,512 per dollar in the parallel market, narrowing the gap with the official exchange rate. However, fluctuations persist due to declining foreign reserves and forex market volatility. Analysts suggest further CBN intervention may be necessary to stabilize the...- Nigeria News
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- cbn intervention naira exchange rate naira to usd nigerian forex market parallel market dollar rate
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![Today's Naira Rate [11-03-2025]: Naira Gains N145 in February, Hits N1,470/$ as Dollar Savers Face Losses](/data/attachments/214/214081-e449a1476ff58756d9602c4bcbec25ad.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [11-03-2025]: Naira Gains N145 in February, Hits N1,470/$ as Dollar Savers Face Losses
The naira’s recent rally against the US dollar, driven by Central Bank of Nigeria (CBN) reforms, has put dollar savers at risk of investment losses. Analysts warn that continued naira appreciation may further devalue dollar holdings. Experts urge investors to reassess strategies as Nigeria's...- Nigeria News
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- 2 min read
- cbn forex policy dollar savings risk naira exchange rate naira to dollar nigeria currency update
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Nigeria Naira Gains Strength, Hits ₦1,490/$ in Parallel Market
The naira appreciated to ₦1,490/$ in the parallel market, while the official rate strengthened to ₦1,499.8/$. Experts link the gains to forex inflows and CBN policies. However, concerns persist over market stability. Nigerians react as the exchange rate gap widens to ₦9.8/$ amid ongoing economic...- Nigeria News
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- 2 min read
- currency appreciation fmdq naira value naira exchange rate nigerian forex market parallel market rates
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![Today's Naira Rate [25-02-2025]: Naira Strengthens in Parallel Market, Closes at N1,500/$](/data/attachments/213/213820-33629599deb2b4733651256db6caa0ff.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [25-02-2025]: Naira Strengthens in Parallel Market, Closes at N1,500/$
The naira surged to a seven-month high, appreciating to N1,500 per dollar in the parallel market, driven by increased dollar supply. Meanwhile, the official exchange rate depreciated slightly to N1,504 per dollar, narrowing the gap to N4 per dollar. Experts predict continued stability if market...- Nigeria News
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- 2 min read
- cbn exchange rate naira appreciation naira exchange rate nigeria dollar rate parallel market forex
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![Today's Naira Rate [21-02-2025]: Naira Strengthens to N1,530/$ in Parallel Market, Weakens in Official Window](/data/attachments/213/213735-59447ed15c8e64d936598e5ef33acf88.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [21-02-2025]: Naira Strengthens to N1,530/$ in Parallel Market, Weakens in Official Window
The Naira appreciated to N1,530/$ in the parallel market, gaining from N1,540/$ recorded on Thursday. However, it depreciated to N1,502.5/$ in the official market, widening forex volatility. The margin between the two rates narrowed to N27.5 as CBN policies influence market trends amid...- Nigeria News
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- cbn forex policy naira exchange rate naira to dollar nigerian forex market parallel market rate
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![Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect](/data/attachments/213/213672-e564755bb46369580ab1e9546e81de77.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect
The naira appreciated to N1,514/$1 in the parallel market, gaining N11 from the previous day. This follows the Central Bank of Nigeria’s (CBN) forex policies, increased dollar liquidity, and non-renewal of banks’ dollar swaps. The official rate remains at N1,510/$1, narrowing the gap between...- Nigeria News
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- 2 min read
- cbn forex policy dollar liquidity naira appreciation naira exchange rate parallel market
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Nigeria Nigeria’s Currency Strengthens to N1,540 as FX Market Stabilizes
The Naira appreciated to N1,540 per dollar in the parallel market, up from N1,565 last week, while the official rate also saw slight gains. Experts attribute the rise to CBN’s forex interventions and increased interbank transactions. Analysts suggest continued liquidity injections could further...- Nigeria News
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- cbn forex policy forex market update naira appreciation naira exchange rate nigeria black market dollar rate
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![Today's Naira Rate [14-02-2025]: Naira Strengthens in Parallel Market, Holding at N1,570/$1](/data/attachments/213/213474-fe4f456557ac46841395d40aa8ea5439.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [14-02-2025]: Naira Strengthens in Parallel Market, Holding at N1,570/$1
The Nigerian naira has stabilized in the parallel market at N1,570/$1 after fluctuating earlier in the week. Meanwhile, official rates show minor declines. Despite this relative stability, analysts warn that market forces, policy interventions, and dollar supply will continue to influence the...- Nigeria News
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![Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists](/data/attachments/213/213389-e4a2172565e06538ffb086f5ae94c27a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists
The naira depreciated further, trading at N1,570/$1 in the parallel market amid rising forex demand and limited supply. It also weakened against the pound and euro. Despite CBN’s interventions, analysts warn of continued depreciation unless forex liquidity improves. Governor Cardoso vows strict...- Nigeria News
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- cbn forex policy naira depreciation naira exchange rate nigeria parallel market us dollar to naira
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![Today's Naira Rate [11-02-2025]: Naira Nears N1,500/$ as Black Market Rates Improve](/data/attachments/213/213341-54435cdd8fb82018b8a1927a932ca386.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [11-02-2025]: Naira Nears N1,500/$ as Black Market Rates Improve
The naira surged to its highest level in 2025, trading at N1,520/$ in the black market amid CBN’s forex reforms. Increased liquidity, regulatory enforcement, and investor confidence have driven the gains. Analysts say the naira could strengthen further if these measures continue to stabilize...- Nigeria News
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- black market forex cbn forex policy naira exchange rate naira gains 2025 naira to dollar
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![Today's Naira Rate [06-02-2025]: Naira Strengthens to N1,585/$1 in Black Market, Official Rate Declines](/data/attachments/213/213180-debe80245df63b887c2f9633a469b0c8.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [06-02-2025]: Naira Strengthens to N1,585/$1 in Black Market, Official Rate Declines
The Nigerian naira strengthened in the parallel market, appreciating to N1,585/$1, while it slightly depreciated to N1,499.76/$1 at the official market. Traders attributed the shift to declining dollar demand and new CBN policies. Meanwhile, global currency markets remain volatile amid U.S...- Nigeria News
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- black market exchange cbn forex policies naira exchange rate naira strengthens february 2025 nigerian currency market
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![Today's Naira Rate [31-01-2025]: CBN Interventions Boost Naira as Exchange Rate Improves to N1,493/$](/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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