Currencies
Nigeria's daily parallel market exchange rate tracker
CBN introduces Naira payout option for Diaspora Remittances at I&E window rate
The CBN has issued a letter to all Deposit Money Banks (DMBs), International Money Transfer Operators (IMTOs), and the general...
Read moreDetailsNaira Crash: BDCs to CBN, without us exchange rate policy will not work
BDC operators are advocating for increased participation and involvement in the foreign exchange market to ensure the success of the...
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Why Naira is struggling with a strong British Pound
The Naira/British Pound exchange rate hovered above N1,000/£ for about a week due to strong parallel market demand.
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I&E Window: Exchange rate crashes to all time low at N788.42/$1
The exchange rate between the Naira and the dollar fell to as low as N788/.42/$1 on the I&E window at...
Read moreDetailsUK Pounds sells above N1,000/£1 at black market for 5 straight days
The exchange rate between the naira and UK Pounds sold at over N1000 to £1 for the last 5 days...
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Naira hit lowest levels on the P2P market in 2023, nears N800/$
It has been a month since CBN allowed the Naira to drop up to 36% on the official market but...
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FMDQ acquires 2 billion shares of CSCS
FMDQ has acquired about 2 billion shares or CSCS Nairametrics can confirm. The trades were consummated at a share price of...
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Analysts worry as the gap between official and black market rates grows
On Wednesday, July 5th, 2023, the official I&E window recorded a closing exchange rate of N742.31 per US dollar compared...
Read moreDetailsFMDQ revises how forex rates will be computed at I&E window
FMDQ has revised the computation methodologies of its foreign exchange (FX) rate-fixing products. Here is what it means
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Naira gains big against the dollar, closes N741/$1
The exchange rate between the dollar and naira closed at N741.5/$1 at the official investor and exporter window on Monday,...
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