Currencies
Nigeria's daily parallel market exchange rate tracker
Exchange rate hits N485 at black market
The exchange rate between the naira and dollar was offered for as high as N485/$1.
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Wired transfers hit N477/$1 at black market
Exchange rate disparity between the parallel and black market remains as high as N85.75
Read moreDetailsU.S dollar struggles above two-year low, with all eyes now on U.S Federal Reserve
The U.S Fed is expected to strike a dovish stance at its policy scheduled today.
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Exchange rate depreciates at the NAFEX window as dollar scarcity persists
The official exchange rate at NAFEX is closer to breaching the N30 ceiling.
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Naira falls to N475/$1, another new low as exchange rate disparity widens
The parallel market exchange rate crashed to a new low.
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ABCON explains how to stop naira depreciation
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.
Read moreDetailsNaira depreciates at NAFEX as market forex turnover falls to lowest in over 6 weeks
Total turnover for the week was $136.9 million, one of the lowest in weeks.
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MTN Nigeria, IHS ditch CBN rate for NAFEX in revised tower agreement
By agreeing to NAFEX rate for its tower deal, MTN hopes to offset the cost via price increase.
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Exchange rate sells for N391/$1 at NAFEX as dollars remain in short supply
The exchange rate at the parallel market was unchanged for the third consecutive day.
Read moreDetailsNaira remains stable at the forex market as NAFEX market turnover drop by 59%
At the black market where forex is traded unofficially, the Naira remained stable closing at N472.
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