naira to dollar exchange rate
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![Today's Naira Rate[25-10-2024]: Naira Hits N1,739/$ in Parallel Market](/data/attachments/209/209508-860af933db8f0e136367e45ab10c9013.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[25-10-2024]: Naira Hits N1,739/$ in Parallel Market
The Naira has depreciated to N1,739 per dollar in the parallel market, reflecting ongoing currency volatility. Conversely, it appreciated to N1,601.2 in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Trading volumes in the official market surged 69%, highlighting significant market...- Nigeria News
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![Today's Naira Rate[10-09-2024]: Naira Woes Deepen as Dollar Hits N1,650 in Parallel Market](/data/attachments/208/208150-466ee9631def3fb98efb68478df9fb1d.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[10-09-2024]: Naira Woes Deepen as Dollar Hits N1,650 in Parallel Market
As of September 9, 2024, Nigeria’s black market exchange rate for the US dollar hit N1,650, while the Central Bank’s official rate stands at N1,629. Economic instability, forex shortages, and policy shifts continue to fuel the gap between official and parallel rates, signaling deep-rooted...- Nigeria News
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![Today's Naira Rate[29-07-2014]: Naira Plummets Further, Hits N1,611.40 per Dollar Despite CBN Intervention](/data/attachments/206/206658-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[29-07-2014]: Naira Plummets Further, Hits N1,611.40 per Dollar Despite CBN Intervention
The naira continues to fall against the dollar, with official rates dropping to N1,611.40 and black market rates to N1,600. Despite the Central Bank's $148 million intervention, the naira's value has declined, sparking concerns and calls for economic reforms to stabilize Nigeria's currency. The...- Nigeria News
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![Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines](/data/attachments/206/206479-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[24-07-2014]: Naira Drops to N1,575/$ in Parallel Market as Trading Volume Declines
The Naira fell to N1,575 per dollar in the parallel market on Wednesday, down from N1,565. In NAFEM, it dropped to N1,586.71. Trading volume fell 39% to $171.03 million, and the gap between parallel and official rates narrowed. Experts await CBN's response to stabilize the currency. On...- Nigeria News
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- nafem exchange rate naira depreciation naira to dollar exchange rate parallel market naira rate
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Nigeria Naira's Freefall: Banks’ FX Borrowing from CBN Heightens Pressure on Currency
The Naira has dropped sharply as banks’ borrowing from the Central Bank of Nigeria (CBN) for foreign exchange (FX) rises to 32%. This increase in borrowing rates has intensified pressure on the Naira, contributing to significant declines in both official and parallel market rates. The recent...- Nigeria News
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![Today's Naira Rate[26-06-2014]: Naira Weakens Further in Official Market, Hits N1,507.83 per Dollar](/data/attachments/205/205493-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate[26-06-2014]: Naira Weakens Further in Official Market, Hits N1,507.83 per Dollar
The naira weakened to N1,507.83 per dollar in the official market. Central Bank Governor Yemi Cardoso expressed optimism about managing currency volatility, citing recent stability and significant foreign exchange inflows. The Nigerian naira weakened to N1,507.83 per dollar at the official...- Nigeria News
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- central bank of nigeria foreign exchange market naira depreciation naira to dollar exchange rate nigerian currency yemi cardoso
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![Today's Naira Rate [10-05-2024]: Nigerian Naira Hits One-Month Low of 1,470 Against Dollar Amidst Economic Turbulence](/data/attachments/203/203812-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [10-05-2024]: Nigerian Naira Hits One-Month Low of 1,470 Against Dollar Amidst Economic Turbulence
Nigeria's naira plunges to a one-month low of 1,470 against the dollar on the black market. Discover the factors driving this decline, including dollar shortages and speculative trading, and explore expert insights on potential solutions to stabilize the currency amidst growing concerns. The...- Nigeria News
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- black market currency depreciation dollar shortage forex market naira to dollar exchange rate nigerian naira
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Nigeria Naira Nosedive: Closes Week at N1,537, Defying Central Bank Measures
In a tumultuous week for Nigeria's economy, the national currency, the Naira, experienced unprecedented depreciation, closing at N1,537.96 at the official market on Friday. This marks a significant milestone, as the currency surpassed the N1,500 threshold, showcasing the severity of its recent...- Nigeria News
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Nigeria Naira Drops to N1,600 Against the Dollar, Sparks Widespread Concerns
The Nigerian Naira plummeted to an alarming N1,600 against the US dollar on Thursday, casting a harsh spotlight on the ongoing economic challenges during President Bola Tinubu's tenure. Despite efforts by the Central Bank of Nigeria to mitigate the free fall of the Naira, the currency's downward...- Nigeria News
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- dollar is $1600 exchange rate today naira to dollar exchange rate
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Nigeria Economic Jitters as Naira Depreciates to N1,500: Parallel Market Struggles Against Dollar
The Nigerian naira witnessed a 3.45 percent depreciation on Wednesday, plummeting to N1,500 against the dollar in the parallel market. This marks a decline from the N1,450 recorded just two days prior, leaving currency traders, also known as Bureau De Change operators, with a narrow profit...- Nigeria News
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- cbn currency depreciation forex market naira to dollar exchange rate nigerian naira
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Nigeria Nigerians Criticize Adeboye for Suggesting Intensive Prayer to Address Naira/Dollar Exchange Rate
During the February Thanksgiving Service at the RCCG Headquarters in Lagos, Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God, addressed the escalating Naira to Dollar exchange rate, acknowledging the struggles faced by many Nigerians. Emphasizing a divine...- Nigeria News
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Nigeria Naira Hits Record Low at N1,320/$1 Amid High Demand and Mass Departure of Overseas Nigerians
The Nigerian Naira experienced a significant drop, reaching a historic low of N1,320 per dollar—3.03% weaker than the previous day's closing rate of N1,280. This marks the lowest point since October 26, 2023. Analysts attribute the fall to a surge in demand for dollars. Businesses restocking...- Nigeria News
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Why Nigeria’s Currency Lost It’s Value – Fela Durotoye – Channels Television
Read more via Channels Television – For more information log on to https://ift.tt/14IOmMK Get more: Nigeria Business News- curator
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Business Nigeria - 05/01/2017: Today's Naira Rate Against The Dollar, Pounds And Euro
Today's (05/01/2017) exchange rate of the Nigerian Naira against the Dollars, Pounds and Euros- mrsam
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Business Nigeria - 22/10/2016: Today's Naira Rate Against The Dollar, Pounds And Euro
Today's (22/10/2016) exchange rate of the Nigerian Naira against the Dollars, Pounds and Euros- mrsam
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Business Nigeria - 07/11/2016: Today's Naira Rate Against The Dollar, Pounds And Euro
Today's (07/10/2016) exchange rate of the Nigerian Naira against the Dollars, Pounds and Euros- mrsam
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Business Naira Appreciates Further, Now 455/USD At Parallel Market
The naira on Monday appreciated further following the Central Bank of Nigeria’s approval of dollar sale to Bureau De Change operators. The CBN has approved First Bank of Nigeria Limited and Travelex, a global foreign exchange company, to commence sale of dollars to the BDC operators. The...- ProfRem
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