Currencies
Nigeria's daily parallel market exchange rate tracker
CBN waives 2025 licence renewal fee for existing BDC operators
The Central Bank of Nigeria (CBN) has approved the 2025 licence renewal fee waiver for the Bureau De Change (BDC)...
Read moreDetailsCBN asks FX market participants to submit compliance report before January 31
The Central Bank of Nigeria (CBN) has directed participants in the foreign exchange (FX) market to submit a compliance report...
Read moreDetails
Naira posts mild gains, U.S. dollar index dips to monthly lows
The naira posted mild gains in Nigeria's foreign exchange market while the U.S. dollar index dipped to its monthly lows.
Read moreDetails
Nigeria’s FX reserves fall by $832.62 million in two weeks, biggest drop since April 2024
Nigeria’s foreign exchange reserves declined significantly in two weeks this January 2025, falling by $832.62 million between January 6 and...
Read moreDetailsNaira lingers at N1,667/$ despite high Dollar volatility
The naira maintained the N1660-7 range against the haven currency in the unofficial market despite high volatility in the dollar...
Read moreDetailsNigeria’s FX reserves drop by $359.81 million in one week
Nigeria’s foreign exchange (FX) reserves have recorded a notable decline, shedding $359.81 million within a single week to settle at...
Read moreDetails
Parallel Market Exchange rate stays stable at N1,660/$1 despite surge in crude oil prices
The naira dipped against the safe-haven currency at the official market amid rising oil prices in global markets.
Read moreDetailsNaira faces U.S. Dollar firepower amid strong employment data
The Nigerian currency remained relatively stable during the week's first trading session despite persistent pressure from the dollar's strength and...
Read moreDetailsNaira weakens further, closes the week at N1,544.50/$1 on official market, hits N1,647/$1 in parallel market
The naira experienced sustained pressure across foreign exchange markets this week, closing at N1,544.50/$1 on the official market and trading...
Read moreDetails
Strong US job report increases risk of naira depreciation in 2025
The United States economy delivered a stronger-than-expected jobs report in December, creating 256,000 jobs compared to economists’ expectations of 160,000....
Read moreDetails
