nigeria forex market

  1. Today's Naira Rate [13-01-2025]: Forex Woes Persist as Naira Falls to N1,548 Officially, N1,667 in Black Market

    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...
  2. Today's Naira Rate [20-12-2024]:   Naira Strengthens to N1,540 with Support from Diaspora and CBN Policies

    Nigeria Today's Naira Rate [20-12-2024]: Naira Strengthens to N1,540 with Support from Diaspora and CBN Policies

    The naira has stabilized at N1,540 in the official market, supported by diaspora remittances, Eurobond proceeds, and the Central Bank of Nigeria’s (CBN) EFEMS system. These factors have improved liquidity and market confidence, with external reserves standing at $40.73 billion, enhancing the...
  3. Today's Naira Rate [11-12-2024]: Naira Loses Ground Amid Speculative Trading, Hits N1,780 Per Dollar

    Nigeria Today's Naira Rate [11-12-2024]: Naira Loses Ground Amid Speculative Trading, Hits N1,780 Per Dollar

    The Nigerian Naira fell sharply from N1,600 to N1,780 per dollar in the black market, reversing recent gains. Bureau de Change operators and digital platforms reported volatile rates, with speculators blamed for the decline. Analysts urge stronger policies to stabilize the forex market and...
  4. Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market

    Nigeria Today's Naira Rate[18-09-2024]: Naira Gains to N1,539.65 as Dollar Supply Surges, Boosting FX Market

    As of September 18, 2024, the black market exchange rate for the US dollar against the Nigerian Naira reached N1,660. This significant disparity from the official Central Bank rate highlights ongoing economic challenges and a persistent shortage of foreign exchange in Nigeria. As of September...
  5. Forex Reserves Hit $33.58 Billion as Nigeria Secures World Bank and Afrexim Bank Funds

    Nigeria Forex Reserves Hit $33.58 Billion as Nigeria Secures World Bank and Afrexim Bank Funds

    Nigeria's FX reserves have surged to $33.58 billion, the highest since March 2024, reflecting significant financial stability. Boosted by World Bank loans and Afrexim Bank disbursements, the reserves' growth marks a recovery amid exchange rate stability and improved forex market liquidity...
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    Naira: Dollar And Fx Rate Today - The Cable News (05/10/2018)

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    Naira: Dollar And Fx Rate Today - Guardian Nigeria Newspapers (05/10/2018)

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    Naira: Dollar And Fx Rate Today - Bloomberg Exchange Rate (04/10/2018)

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    Naira: Dollar And Fx Rate Today - Aboki Fx (04/10/2018)

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    Naira: Dollar And Fx Rate Today - The Cable News (04/10/2018)

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    Naira: Dollar And Fx Rate Today - Guardian Nigeria Newspapers (04/10/2018)

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    Naira: Dollar And Fx Rate Today - Guardian Nigeria Newspapers (03/10/2018)

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    Naira: Dollar And Fx Rate Today - Aboki Fx (03/10/2018)

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    Naira: Dollar And Fx Rate Today - Aboki Fx (28/09/2018)

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    Naira: Dollar And Fx Rate Today - Bloomberg Exchange Rate (28/09/2018)

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    Naira: Dollar And Fx Rate Today - The Cable News (28/09/2018)

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    Naira: Dollar And Fx Rate Today - Guardian Nigeria Newspapers (28/09/2018)

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    Naira: Dollar And Fx Rate Today - Bloomberg Exchange Rate (27/09/2018)

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    Naira: Dollar And Fx Rate Today - Aboki Fx (27/09/2018)

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    Naira: Dollar And Fx Rate Today - Guardian Nigeria Newspapers (27/09/2018)

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