nigerian naira
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![Today's Naira Rate[12-07-2014]: Naira Plummets to July Low of N1,563.80/$1 Despite Central Bank Interventions](/data/attachments/206/206069-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[12-07-2014]: Naira Plummets to July Low of N1,563.80/$1 Despite Central Bank Interventions
Despite Central Bank efforts, Nigerian naira hits July low at N1,563.80/$1 amid declining FX turnover. Recent CBN sales of $122.67 million failed to stabilize rates, highlighting ongoing economic challenges. In a concerning development, the Nigerian naira experienced a significant depreciation...- Nigeria News
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![Today's Naira Rate[04-07-2014]: CBN's Efforts Pay Off as Naira/Dollar Exchange Rates Align at N1,520 in Parallel and Official Markets](/data/attachments/205/205799-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[04-07-2014]: CBN's Efforts Pay Off as Naira/Dollar Exchange Rates Align at N1,520 in Parallel and Official Markets
The naira/dollar exchange rate in Nigeria converged at N1,520 across both official and parallel markets. This significant alignment, driven by the Central Bank of Nigeria, aims to stabilize the naira and enhance market transparency. The change is expected to impact import costs, inflation rates...- Nigeria News
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- black market currency depreciation nigerian naira parallel market
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![Today's Naira Rate[27-06-2014]: Travel Demand Drives Naira Down to N1,520/$ on Black Market](/data/attachments/205/205523-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate[27-06-2014]: Travel Demand Drives Naira Down to N1,520/$ on Black Market
The Nigerian naira weakened by 1.32% to N1,520/$ on the black market amid heightened travel demand. Meanwhile, at NAFEM, it traded at N1,507.83/$, down 0.47%. The CBN's decision to end the Price Verification System Portal aims to streamline forex operations amid market fluctuations. The...- Nigeria News
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- 520 to usd black market exchange rate cbn forex policies forex market update nigerian naira
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![Today's Naira Rate[14-06-2014]: Nigerian Naira Falls to N1,485/$ in FX Markets](/data/attachments/205/205064-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate[14-06-2014]: Nigerian Naira Falls to N1,485/$ in FX Markets
Nigerian naira depreciates in both parallel and official foreign exchange markets, impacting rates quoted by Bureau de change operators and FMDQ Exchange. Fitch Ratings projects further decline to N1,450/$ by year-end, contingent on ongoing FX reforms and reduced volatility expectations by Q3...- Nigeria News
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![Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1](/data/attachments/204/204773-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate [07-06-2024]: $925m Oil Loan Stabilizes Naira at N1,483.99/$1, Parallel Rate N1,495/$1
Nigerian naira stable at N1,483.99/$1 as $925m oil loan boosts dollar inflows. External reserves rise to $32.79bn, but the black market rate is N1,495/$1. The Nigerian Naira maintained stability at the close of the week, buoyed by a surge in dollar inflows attributed to additional oil...- Nigeria News
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![Today's Naira Rate [05-06-2024]: Naira Maintains Flat Rate of N1,495 per Dollar on Parallel Market](/data/attachments/204/204728-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [05-06-2024]: Naira Maintains Flat Rate of N1,495 per Dollar on Parallel Market
The Nigerian naira remains steady at N1,495 per dollar on the black market, indicating marginal variation from the previous rate. Despite fluctuations in demand and supply, the currency's stability amidst global economic challenges draws attention. The Nigerian naira held its ground at an...- Nigeria News
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- black market exchange rate dollar to naira exchange rate stability foreign currency reserves nigerian naira
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![Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481](/data/attachments/204/204592-3a29b4a29d5e5b1673114554a0c523ee.jpg?hash=Oim0op1eWx)
Nigeria Today's Naira Rate [03-06-2024]: Nigerian Naira Finds Stability Against US Dollar at ₦1,481
Stay updated on the latest shift in Nigeria's Naira-Dollar dynamics. June 3rd, 2024, marks a potential game-changer with the Naira stabilizing against the US Dollar at ₦1,481 in the black market. The Nigerian Naira and the US Dollar's relationship has often been tumultuous, but June brings a...- Nigeria News
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![Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge](/data/attachments/204/204434-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [29-05-2024]:Nigerian Naira Reverses Course, Dives to N1,329.65/$1 Despite Recent Surge
The Nigerian Naira faced a sharp decline, falling to N1,329.65 against the US Dollar despite recent gains and CBN interventions. The abrupt reversal raises concerns about currency stability and prompts questions about the effectiveness of central bank measures. Market observers remain vigilant...- Nigeria News
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- central bank of nigeria currency depreciation exchange rate foreign exchange market nigerian naira
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![Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar](/data/attachments/204/204365-bd899ca0c24b3b3c73ca8044710ce26b.jpg?hash=vYmcoMJLOz)
Nigeria Today's Naira Rate [27-05-2024]: Nigerian Naira Rises, Hits ₦1,339.33/$ Against US Dollar
The Nigerian Naira strengthens against the US dollar, surging by 9.68% to ₦1,339.33/$ in the official forex market. However, facing a slight dip in the parallel market, the Naira trades at ₦1,520 to the dollar. Central Bank attributes volatility to seasonal fluctuations, while forex turnover...- Nigeria News
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- central bank of nigeria exchange rate forex market nigerian naira official market us dollar
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![Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage](/data/attachments/204/204327-bd899ca0c24b3b3c73ca8044710ce26b.jpg?hash=vYmcoMJLOz)
Nigeria Today's Naira Rate [27-05-2024]: Naira Depreciates to N1,520 Amid Supply Shortage
The naira depreciates by 1.32% against the dollar on the black market, opening at N1,520, attributed to increased demand and supply shortages. Meanwhile, the official exchange rate remains stable. Data shows slight fluctuations in the official market, with the naira appreciating by 0.19%, while...- Nigeria News
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- central bank of nigeria exchange rate forex market nigerian naira official market us dollar
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![Today's Naira Rate [21-05-2024]: Naira Holds Steady at N1,465.68/$ Despite CBN Interest Rate Surge](/data/attachments/204/204165-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [21-05-2024]: Naira Holds Steady at N1,465.68/$ Despite CBN Interest Rate Surge
Naira holds steady against the dollar despite CBN's interest rate hike to 26.25%. At NAFEM, the currency appreciates marginally by 0.23%. Market turnover increases by 66.14% to $268.17 million. CBN Governor Olayemi Cardoso expresses confidence in Nigeria's FX market, citing efforts to clear...- Nigeria News
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![Today's Naira Rate [14-05-2024]: Naira Depreciates to N1,520.40 Against USD, Amid Forex Shortage](/data/attachments/203/203959-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [14-05-2024]: Naira Depreciates to N1,520.40 Against USD, Amid Forex Shortage
The Nigerian Naira depreciates to a two-month low against the US dollar, hitting N1,520.40 at the official foreign exchange market. With a shortage of dollars affecting the market, the currency faces challenges, reflecting economic complexities. Analysts attribute the downturn to various...- Nigeria News
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- currency depreciation fmdq securities exchange forex market nigerian naira usd exchange rate
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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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![Today's Naira Rate [05-05-2024]: Naira Weakens to 1,430 Against USD as Demand for Foreign Currency Skyrockets](/data/attachments/203/203661-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [05-05-2024]: Naira Weakens to 1,430 Against USD as Demand for Foreign Currency Skyrockets
Amidst rising demand for foreign currency, the Nigerian Naira depreciates to 1,430 against the US dollar on the parallel market, signifying a 5.49% decline. Factors driving this include increased demand for travel and education. Analysts anticipate stability within the current band. Explore the...- Nigeria News
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- currency depreciation foreign exchange market nigerian naira parallel market usd to ngn
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Nigeria Naira Weakens: Surge in Customs FX Duty Rate Adds Strain on Importers
Amidst a turbulent economic landscape, the Nigerian naira continues its downward spiral against the United States dollar, amplifying concerns about the stability of the country's currency and its impact on trade dynamics. In a significant development, the Central Bank of Nigeria (CBN) has raised...- Nigeria News
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![Today's Naira Rate [25-04-2024]: Nigerians Express Concern as Naira Weakens to N1,400/$](/data/attachments/203/203287-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [25-04-2024]: Nigerians Express Concern as Naira Weakens to N1,400/$
The Nigerian Naira faced significant depreciation, falling to N1,400 against the US dollar on the black market, fueled by intensified demand pressure in the foreign exchange (FX) market. This represents a 19.64 percent loss in just two weeks compared to the rate of N1,125 per dollar recorded...- Nigeria News
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- central bank of nigeria currency depreciation foreign exchange market nigerian naira todays exchange rate
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Nigeria Nigeria's BDCs Blame Other Crypto Exchanges for Naira's Decline
The Association of Bureau De Change Operators of Nigeria (ABCON), represented by its president Aminu Gwadabe, has raised concerns over the impact of Binance-like platforms on the depreciation of the Nigerian Naira. In an interview in Abuja, Gwadabe emphasized the commitment of BDC operators to...- Nigeria News
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- abcon president bdc operators bdc president binance-like platforms nigerian naira
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Nigeria EFCC Clamps Down on Illegal Forex Trading, Freezes 300 Accounts to Save Naira
The Economic and Financial Crimes Commission (EFCC) has taken decisive action by freezing 300 illegal forex trading accounts. This revelation came during an interactive session with journalists in Abuja on Tuesday, April 23, 2024, as disclosed by EFCC Chairman, Ola Olukoyede. The targeted...- Nigeria News
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Nigeria Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar
Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian...- Nigeria News
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- exchange rate foreign exchange market nigerian naira official market parallel market
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![Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market](/data/attachments/203/203165-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [22-04-2024]: Naira Slumps Further, Trades at N1,260/$ at Parallel Market
The Nigerian Naira faced further devaluation on Wednesday, reaching a record low of N1,260 against the US dollar in the parallel foreign exchange market. This marks a significant 2.44 percent decline from the N1,230 exchange rate recorded just days prior on April 19. At the official window...- Nigeria News
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- exchange rate forex market nigerian naira parallel market
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