Currencies
Nigeria's daily parallel market exchange rate tracker
Why naira might soon trade below the N1000/$ mark in the black market
The naira's outlook improved amid reports that the CBN is poised to fulfill its forward FX obligation, along with a...
Read moreDetails
Naira further strengthens against Dollar, appreciates to N786.02/$1 at the official market
The Nigerian naira appreciated against the dollar on Wednesday, 1st November 2023, closing at N786.02/$1 at the official market.
Read moreDetails
Naira gains against dollar but fragile amid U.S interest rate decision
The Nigerian naira has once again surpassed a key black market resistance level, settling at N1,170 against the greenback, as...
Read moreDetails
Exchange rate appreciates to N815.32/$1 at the official market
The Nigerian naira appreciated against the dollar on Tuesday, 31 October 2023, closing at N815.32/$1 at the official market.
Read moreDetails
FG plans new FX rules to boost value of the naira before December
The federal government is planning to introduce new rules to the forex market aimed at boosting the value of the...
Read moreDetails
Exchange rate volatility has made it difficult for venture capital to assess and manage currency risk exposure – Nadia Kouassi
Nadia Kouassi is the Head of Research, African Private Equity and Venture Capital Association (AVCA).
Read moreDetails
Exchange rate falls to N993/$1, lowest level ever on official NAFEM
The exchange rate between the naira and dollar fell to the lowest level ever on NAFEM where forex is sold...
Read moreDetails
Exchange rate appreciates to N789.94 in the official market
The Nigerian naira appreciated against the dollar on Friday, October 27, 2023, closing at N7.89.94/$1.
Read moreDetails
$7 billion inflow: Nigeria’s naira set to soar as government securitizes NLNG dividends
The federal government has formulated a plan to securitize approximately $7 billion in dividends derived from the Nigerian Liquefied Natural...
Read moreDetails
FMDQ effects name change, renames “NSOFF” product to “Cleared USD/NGN NDFs”
The FMDQ Exchange has announced a significant change in the terminology used within the Nigerian Foreign Exchange (FX) market.
Read moreDetails
