Currencies
Nigeria's daily parallel market exchange rate tracker
Naira weakens to N1,565/$1 on parallel market, widest gap with official rate in over one week
The Naira fell to its weakest level in more than a week on the parallel market on Tuesday, trading at...
Read moreDetailsNaira opens at N1560/$, dollar stable after Friday’s crash
The Naira began the week at N1,560/$ in the black market.
Read moreDetailsNaira sinks in black market, U.S dollar posts best month in 2025
The Nigerian currency witnessed a return of high market volatility in the Nigerian unofficial market amid increased demand and a...
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Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains
Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market...
Read moreDetailsNaira converges, US dollar index gains strength
The naira converged on Monday, as the local currency stabilized in the parallel market while increasing slightly in value in...
Read moreDetailsNigeria’s exchange rate revenue falls by 73% as FX arbitrage falters
Nigeria’s revenue from exchange rate gains dropped sharply by 73% in the first half of 2025, plunging to N589.45 billion...
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Naira strengthens in parallel market, closes week at N1,520/$1, stronger than CBN rate
The Naira closed the week on a high note in the parallel market, reaching N1,520/$1, making it the strongest performance...
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Post MPC: Naira unchanged at unofficial market, dollar index near two-week low
The Nigerian naira's exchange rate stayed muted against the US dollar on the unofficial secondary foreign exchange market after the...
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Nigerians now have greater confidence in the Naira – Cardoso declares at MPC meeting
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that Nigerians are regaining confidence in the...
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External reserves hit $40.1 billion in July 2025 – Cardoso
Nigeria’s external reserves have climbed to $40.11 billion as of July 2025, according to the Central Bank Governor, Yemi Cardoso.
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