Currencies
Nigeria's daily parallel market exchange rate tracker
Naira sustains freefall as NAFEM closing rate drops by 11.39% to hits N927.19/$
The naira fell to a new low on Friday, closing at N927.19 per dollar in the official market and N1165...
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U.S dollar posted its worst month this year, yet naira fails to rally
The naira failed to take advantage of the greenback's worst month despite growing conviction that the United States central bank...
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Intraday high hits N1,137 as naira weakens marginally at official market
The intraday high recorded was N1137/$1 as the naira fell marginally against the U.S. dollar at the official market and...
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Naira bounces back, rises to N831.47/$1 at the official market
The Nigerian naira appreciated against the dollar on Wednesday, 29th November 2023, closing at N831.47/$1 at the official market.
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Old naira notes: CBN affirms Supreme Court’s ruling, directs banks in Nigeria to comply
The Central Bank of Nigeria (CBN) has affirmed the Nigeria Supreme Court’s ruling on Wednesday that the Old Naira notes...
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Old naira notes to remain legal tender until further notice, Supreme Court rules
The Nigeria Supreme Court ruled on Wednesday that the Old Naira notes will remain legal tender of the country till...
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Naira drags lower despite U.S dollar index hitting a three-month low
The Naira lost value on Tuesday, trading at N881.88/$1, down from N814.60/$1 on Monday, according to official data from FMDQ.
Read moreDetailsNaira’s freefall continues as NAFEM closing rate hits N881.88/$1
The naira sustained its free fall Tuesday, closing at N881.88 per dollar in the official market and N1157 per dollar...
Read moreDetailsIntraday high hits N1,130 as naira falls to N814.60/$1 against the dollar at the official market
The intraday high recorded was N1130/$1 as the naira fell against the U.S. dollar at the official but closed flat...
Read moreDetailsWeak naira threatens Tinubu’s $1 trillion economy ambition as devaluation lessens GDP value in dollar terms
The instability in the forex exchange market and the weakness of the naira pose a significant threat to Nigeria’s ambition...
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