parallel market rate
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![Today's Naira Rate [30-01-2025]: Naira Hits N1,510 Officially, N1,625 Parallel as CBN’s FX Code Takes Effect](/data/attachments/212/212937-2c1c62a76fa4a4cbdc25e78c664b6b62.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [30-01-2025]: Naira Hits N1,510 Officially, N1,625 Parallel as CBN’s FX Code Takes Effect
The naira appreciated N1,510 in the official market and N1,625 in the parallel market after the CBN launched its FX Code to enhance liquidity and transparency. This development comes amid a $1.13 billion drop in Nigeria’s external reserves, as the CBN aims to stabilize the volatile FX market...- Nigeria News
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- 2 min read
- cbn fx code dollar exchange rate naira appreciation nigeria foreign reserves parallel market rate
- Category: Business
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![Today's Naira Rate [08-12-2024]: Naira Gains as Parallel Market Hits N1,530 Following CBN FX Reforms](/data/attachments/211/211166-89415016beb4964cb57cabf6bc24d19a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [08-12-2024]: Naira Gains as Parallel Market Hits N1,530 Following CBN FX Reforms
The Nigerian naira gained N126 against the dollar in less than a week, reaching N1,537 at the official market. The parallel market saw a peak of N1,530. This surge follows the Central Bank of Nigeria’s launch of the new Electronic Foreign Exchange Matching System (EFEMS) on December 2, 2024. In...- Nigeria News
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- 1 min read
- cbn efems reforms naira appreciation. nigerian fx market parallel market rate
- Category: Business
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![Today's Naira Rate [28-11-2024]: CBN Hike Keeps Naira Stable at N1,750/$ in Parallel Market](/data/attachments/210/210762-766854fddcd675e565fac179cbedfde3.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [28-11-2024]: CBN Hike Keeps Naira Stable at N1,750/$ in Parallel Market
The naira steadied at N1,750/$ in the parallel market after the Central Bank of Nigeria's 25-basis point rate hike. Despite minimal movement in the forex market, experts predict the naira could appreciate in 2025 due to improving foreign reserves and oil production. The naira remained largely...- Nigeria News
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- 2 min read
- cbn rate hike fx market trends naira depreciation naira exchange rate nigeria inflation parallel market rate
- Category: Business
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![Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges](/data/attachments/208/208258-602dbae0e3e86b372bbaa21eb89a7be5.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges
The Nigerian naira fell to N1,665 per dollar on the black market, driven by high demand for travel allowances and school fees. Meanwhile, the naira also dropped 5.5% in the official market. Despite the depreciation, Nigeria’s external reserves grew by $490 million due to recent dollar bond...- Nigeria News
- Article
- 2 min read
- black market exchange rate naira depreciation naira to dollar nigeria forex parallel market rate
- Category: Business
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![Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal](/data/attachments/205/205837-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal
Discover the latest on Nigeria's forex market as the naira rebounds to N1,525/$ at the parallel market, ending a three-day decline. Get insights into the currency's fluctuations and impacts post-CBN's market unification. The naira halted its three-day decline against the dollar at the parallel...- Nigeria News
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- 1 min read
- fmdq exchange forex market update naira appreciation naira exchange rate parallel market rate
- Category: Business
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