CATEGORY: NAIRA EXCHANGE RATE

NIGERIA: Daily Parallel Market Exchange Rate (Mar 28, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


What Next After Exchange Rate Drops Below N400 For First Time Since August 2016?

Nairametrics| The exchange rate between the naira and the dollar on the parallel market has dropped below N400 for...


A Familiar Pattern Is Rearing Its Head On The Black Market

Nairametrics| The exchange rate closed on Thursday at a price of N400 on the black market. If you wanted to...



CBN Stays Pumping: Naira Now At 6 Months High

“You know what capitalism is? Getting f%&@!&” Scarface Nairametrics| A lot of words have been used to describe the recent...



What We Experienced Trying To Buy Forex From Some Banks

Nairametrics| The new CBN’s forex policy has been in operation for a little over two weeks now. The policy...


CBN Instructs Banks To Open Dedicated Teller Points For PTA, School fees etc.

Nairametrics| The Central Bank of Nigeria has issued a new circular to banks instructing them to open teller points...


January FX Utilization By Banks Shows $811m Allocated To PTA

Nairametrics| The Central Bank of Nigeria on the 1st of March published the list of forex sold by commercial...







Interbank Lending Rates Hits 200% As Banks Borrow From Each Other To Buy Forex

Nairametrics| Nigerian Banks are on a buying spree and they are borrowing at record rates to do so.  According...


Black Market Exchange Rate Drops Below N500; First Time In 3 Weeks

Nigeria’s parallel market exchange rate dropped below N500 for the first time since February 2, 2017. Data from our parallel...


Alert: Fitch Explains Why Latest Forex Policy Could Favour Banks

Rating agency Fitch, has dropped its first analysis on the latest CBN Forex Policy. Here it is LONDON, February...


Analysis: Speculators Are Offloading Dollars, What is The End Game?

Nairametrics| Yesterday, Reuters reported that Central Bank of Nigeria sold about $6.5 million of Forex to the interbank market...


Chart Shows How Nigeria Lost Over $80 billion In Forex Inflows In 3 Years

Nairametrics| The Central Bank of Nigeria on Tuesday, issued a rash of new forex polices aimed at reducing dollar...


CBN sells $6m to banks @N304.75

The Central Bank of Nigeria sold about $6 million to commercial banks on Tuesday, according to information from Reuters. ...


What You Need To Access Forex For PTA, School & Medical Fees

Nairametrics| The Central Bank of Nigeria has issued new guidelines for the documentation required to access Forex for Personal...