TAG: EXCHANGE RATE


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

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



The CBN Believes This Is Why Naira Is Gaining On Black Market

Nairametrics| Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, disclosed that the CBN injected $100 million into the...


Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar to customers at no more...


A Case For And Against Floating The Naira

Nairametrics| On Friday, the Naira closed at N390/$ down from N520/$ in January. The development follows a change of...


CBN Fixes N362/$1 Rate For BDCs To Sell

Nairametrics| The Central Bank of Nigeria on Tuesday fixed an exchange rate of N362/$1 for Bureau De Change operators....


Free Market Stay Winning For Ghana As Inflation Rate Drops, Cedi Gains

Nairametrics| Ghana’s central bank has cut interest rates by 2%, the biggest rate cut in five years. Interest rate...



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...



Stakeholders’ Reaction As BDCs Launch ‘Official’ Parallel Forex Exchange Rates

The Association of Bureau De Change Operators of Nigeria (ABCON) has launched a Uniform Weekly Exchange Rate for Licensed...


Adeosun Says CBN Will “Eliminate” Black Market “Soon”

Reuters is reporting that the CBN has said that it will eliminate the black market. As usual, they did...





Why BDCs Believe Travelex Will Help The Rebound When It Starts Operations Next Week

This organization beginning operations on Monday is thought to be what will bring the Naira's value back to...





Exchange rate hits N400/$1 at the parallel market as summer holiday hikes demand

Nigeria’s exchange rate dropped to a new low of N400 to the $1 at the parallel market on Thursday....