parallel market rates

  1. Today's Naira Rate[15-10-2024]: Nigeria’s Naira Rises to N1,680 Against Dollar as Official Market Faces Liquidity Crisis

    Nigeria Today's Naira Rate[15-10-2024]: Nigeria’s Naira Rises to N1,680 Against Dollar as Official Market Faces Liquidity Crisis

    On October 14, 2024, Nigeria’s Naira appreciated by N10 to N1,680 against the US dollar in the parallel market. In the official NAFEM, it reached N1,552.92, a gain of N88.35. However, dollar turnover in the official market dropped 44%, raising concerns about liquidity and market stability. The...
  2. Today's Naira Rate[12-10-2024]:Nigerian Naira Struggles as Current Black Market Exchange Rate Reaches N1,695

    Nigeria Today's Naira Rate[12-10-2024]:Nigerian Naira Struggles as Current Black Market Exchange Rate Reaches N1,695

    As of October 12, 2024, the black market exchange rate for the US dollar to the Nigerian naira is N1,695 for buying and N1,700 for selling in Lagos. The Central Bank of Nigeria’s official rates remain significantly lower, highlighting ongoing economic challenges and currency volatility in...
  3. Today's Naira Rate[13-06-2014]:  Naira Pressure Continues as Dollar Exchange Rate Hits ₦1490 in Parallel Market

    Nigeria Today's Naira Rate[13-06-2014]: Naira Pressure Continues as Dollar Exchange Rate Hits ₦1490 in Parallel Market

    Find out the latest Dollar to Naira exchange rates in the black market (Aboki fx) for June 16th, 2024. Dollar to Naira exchange rates at Lagos Parallel Market show buying at ₦1485 and selling at ₦1490. Stay informed about the discrepancies between the black market and official CBN rates. The...
  4. Naira Strengthens: Surprising Surge to N1,260 per Dollar Rocks Foreign Exchange Market

    Nigeria Naira Strengthens: Surprising Surge to N1,260 per Dollar Rocks Foreign Exchange Market

    Amidst fluctuations in Nigeria's foreign exchange market, the Naira demonstrated a surprising appreciation, climbing to N1,260 per dollar in the parallel market from N1,270 per dollar just a day prior. Additionally, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira saw a...
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