Currencies
Nigeria's daily parallel market exchange rate tracker
S&P Global Ratings Revises Nigeria’s Outlook to Stable Amid Fuel Subsidy Removal and FX Window Unification
Following the removal of the long-standing fuel subsidy and the unification of the various official FX windows by the new...
Read moreDetails
Growing disparity between U.S. dollar index and naira performance as FX traders anticipate US inflation data
The Nigerian Naira has experienced a decline against the US Dollar on the parallel market due to a surge in...
Read moreDetails
Nigeria’s currency vulnerability set to continue: AfDB warns of ongoing capital outflows
The Africa Development Bank has stated that currency weakness in more globally integrated economies like Nigeria is expected to continue...
Read moreDetails
Exchange rate plummets to N910/$1, disparity widens to N153/$1
The exchange rate between the naira and dollar plummeted to as low as N910/$1 on the parallel market.
Read moreDetails
BDC operators ask FG to ban Binance operations in Nigeria to strengthen the naira
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Federal Government to ban the operations...
Read moreDetailsBlack Market exchange rate falls to N900/$1 for inflows, P2P market Â
The naira plunged to a record low of N900/$1 on the parallel market on Tuesday, August 8, 2023, as demand...
Read moreDetailsBlack market exchange rate quotes to N895/$1, disparity with I&E Window widens to N120/$
The exchange rate between the naira and dollar was quoted for as high as N895/$1 on the black market, the...
Read moreDetails
Why the U.S dollar is immune to Fitch downgrade in the long term
The dollar index struggled to rise on Wednesday after Fitch downgraded the US government's credit rating raising questions about the...
Read moreDetails
Nigerian Stocks defy economic headwinds, post 5.53% return in July
The Nigerian Stock Exchange (NSE) witnessed a month of growth in July 2023, with the Nigerian Stock Exchange All-Share Index...
Read moreDetails
Volatile July ends with exchange rate closing at N756.9/$1
The volatile forex rate market in July still saw the exchange rate close stronger at N756/$1, however, rates fell to...
Read moreDetails
