Currencies
Nigeria's daily parallel market exchange rate tracker
Naira under pressure in black market amid U.S. Dollar resilience
The local currency was unchanged against the greenback on Thursday as the haven currency firmed sharply, despite an interest rate...
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US Federal Reserve slashes interest rates by 0.5% as Nigeria awaits return of foreign investors
On Wednesday, the U.S. Federal Reserve implemented a 0.5% cut to its interest rates, marking the start of what many...
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Naira appreciates to N1,539 at I&E Window as the dollar weakens
The exchange rate between the naira and the US dollar appreciated to N1,539.65 at the official Investor and Exporter (I&E)...
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Naira loses over N100 at official market as U.S. interest rate decision takes spotlight
The Naira lost more than N100 against the U.S. dollar at the official window, despite a slower headline inflation rate...
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Naira falls to N1,656 at I&E Window amid volatility, but hope for recovery grows as U.S Fed decision looms
The exchange rate between the naira and the US dollar depreciated to N1,656.49 at the official Investor and Exporter (I&E)...
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Ghana’s Cedi eyes a comeback ahead of key U.S. Federal decision on September 18
The Ghanaian cedi’s more than 27% year-to-date depreciation against the dollar appears to be easing, as the upcoming U.S. Federal...
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Nigeria’s FX reserves rise by $620 million in 10 days after domestic dollar bond sale
Nigeria’s foreign exchange (FX) reserves rose by $621.2 million in 10 days following the successful sale of a domestic dollar...
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Naira strengthens to N1,546.41 at the I&E window as Dangote refinery prepares for petrol distribution
The naira closed at N1,546.41 on Friday, September 13, 2024, a 6.3% gain from Thursday’s close of N1,649.76.
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Naira hits N1,665/$ as dollar shortages persist in Black Market
The local currency exceeded the N1,160 threshold against the US dollar despite a significant decline in the dollar index during...
Read moreDetailsNaira rebounds to N1,558 at I&E Window as Nigerian oil blends outperform Brent
The exchange rate between the naira and the US dollar appreciated N1,558.75 at the official Investor and Exporter (I&E) window...
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