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  1. Today's Naira Rate [07-03-2025]: Naira Appreciates to N1,512/$ in Parallel Market, Official Rate Slips

    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...
  2. Today's Naira Rate [06-12-2024]: Naira Strengthens to N1,640/$1 in Parallel Market

    Nigeria Today's Naira Rate [06-12-2024]: Naira Strengthens to N1,640/$1 in Parallel Market

    The Central Bank of Nigeria’s Electronic Foreign Exchange Matching System (EFEMS) has strengthened the naira to N1,587.29/$1 in the official market, driving market transparency and efficiency. Launched in December 2024, EFEMS aims to unify exchange rates, reduce risks, and attract foreign...
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