Currencies
Nigeria's daily parallel market exchange rate tracker
U.S dollar drops, low U.S interest rates expected to persist for long
The Fed's message is that policy will remain accommodative, but there is no real appetite for adding to the easing.
Read moreDetails
Naira falls at black market as dollar scarcity hits the forex market
The Naira depreciated against the dollar to close at N465/$1 on Friday.
Read moreDetails
Naira gains at black market as CBN moves against prominent businessmen for forex abuse
The Naira appreciated against the dollar to close at N462/$1 on Thursday.
Read moreDetails
Naira falls to N465/$1 as forex ban on food imports pile pressure on black market
The Naira depreciated against the dollar to close at N465/$1 on Wednesday.
Read moreDetails
Exchange rate stabilizes across forex markets as BDC window gets fresh dollar supply
At the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N460/$1 on Tuesday.
Read moreDetails
Naira falls to N460/$1 as CBN intervention fails to contain speculation
The naira depreciated at the parallel market despite the third round of forex allocation to BDCs.
Read moreDetails
Why Nigeria’s external reserves is stuck at $35 billion
Forex reserves remain just above $35 despite the pressure on the exchange rate
Read moreDetails
World Bank puts pressure on Nigeria for more forex reforms to aid recovery
The multilateral bank urged Nigeria's apex bank to ease the pressure on the country's FX market.
Read moreDetails
Naira falls big across all forex market despite another $50 million allocation to BDCs
The Naira depreciated against the dollar to close at N455/$1 on Thursday at the black market.
Read moreDetails
Naira depreciates at black market as BDCs expect another forex allocation from CBN
Even though there was a little appreciation in the NAFEX window, the Naira depreciated at the black market.
Read moreDetails
