Currencies

Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains 

July 30, 2025

Naira converges, US dollar index gains strength

July 29, 2025

Nigeria’s exchange rate revenue falls by 73% as FX arbitrage falters

July 28, 2025

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Currencies

Nigeria's daily parallel market exchange rate tracker

Naira stabilizes at black market as CBN continues its intervention in forex market

Naira remains flat at official market as CBN intensifies intervention in forex market

December 9, 2021

Wednesday, 8th December 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors...

Naira strengthens at forex market despite significant drop in dollar supply, Exchange rate gains at the black market as FX Turnover rises over 1000%.

Naira depreciates at official market as external reserves continues slump

December 8, 2021

Tuesday, 7th December 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors...

The high cost of defending naira against the dollar

Naira falls at official market despite a 119% improvement in forex supply

December 7, 2021

Monday, 6th December 2021: The exchange rate between the naira and the US dollar closed at N415/$1 at the official Investors...

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens

Naira sustains gain at official market despite drop in FX turnover

December 6, 2021

Friday, 3rd December 2021: The exchange rate between the naira and the US dollar closed at N414.73/$1 at the official Investors...

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira appreciates at official window despite drop in FX turnover

by Samuel Oyekanmi

December 3, 2021

Thursday, 2nd December 2021: The exchange rate between the naira and the US dollar closed at N414.8/$1 at the official...

Nigeria’s external reserve falls to lowest in 10 months

Nigeria’s external reserve dips $633 million in November as CBN intensifies FX intervention

by Samuel Oyekanmi

December 3, 2021

Nigeria’s foreign reserve dipped $633.47 million in the month of November 2021 to close the month at $41.19 billion as...

Nigerians can now use eNaira without any internet

CBN assures Nigerians that eNaira is safe from hackers

by Ubah Jeremiah Ifeanyi

The Central Bank of Nigeria (CBN) has promised Nigerians that appropriate processes have been put in place to protect the...

Nigerian banks inform customers they can request for forex online

by Ubah Jeremiah Ifeanyi

Nigerian banks in adherence to the directive issued by the Central Bank of Nigeria (CBN) have informed their customers that...

WorldRemit unveils USD payout option in Nigeria

U.S dollar drops in major markets as Omicron takes centre stage

by Olumide Adesina

On Thursday morning in London, the dollar was slightly down amid profit-taking while the yen, another safe-haven asset, remained close...

Naira closes flat as Omicron Covid variant pushes crude oil prices below $70

by Samuel Oyekanmi