Currencies
Nigeria's daily parallel market exchange rate tracker
Naira gains against dollar as Sallah approaches, hits N1605/$1 at black market
The naira appreciated to N1605/$1 in the parallel market on Thursday, ahead of Sallah, from N1610/$1 the currency traded at...
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CBN’s BDC recapitalization deadline expires today as operators seek urgent extension to save 3 million jobs
The Central Bank of Nigeria (CBN) recapitalization deadline for Bureau De Change (BDC) operators officially expired today, prompting renewed appeals...
Read moreDetailsExchange rate starts week strong as naira records huge gain in parallel market
The naira appreciated to N1,610 per US dollar in the parallel market on Monday, marking a notable gain from Friday’s...
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Ghana’s currency best performing globally, boosted by IMF aid, oil, and gold
The Ghanaian cedi has surged nearly 50 percent against the US dollar in 2025, outperforming all other global currencies.
Read moreDetailsNaira ends May mixed: Gains 1.28% in official market, dips 1.24% at parallel
In May 2025, the naira appreciated against the US dollar in the official market, closing at N1,585.50/$1 on Friday, 30...
Read moreDetailsExchange rate plunges as Naira closes May at N1,630/$1 in parallel market after brief stability
The Naira suffered a significant loss in the parallel market, closing at N1,630/$1 on Friday, May 30, 2025, after several...
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Gold slips amid risk rally as Nigeria mulls Naira-backed reserve strategy
Gold had already been losing value throughout the week following Trump’s decision to increase tariffs on Europe, which fueled greater...
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AfDB projects 6% Nigerian naira depreciation in 2025 amid global market uncertainty
The African Development Bank (AfDB) has projected that the Nigerian naira will depreciate by at least 6% between 2025 and...
Read moreDetailsNaira shows stability in informal market, U.S. Dollar maintains upward trajectory
The Naira remained stable in the informal market during the mid-trading session, trading at approximately N1,615–N1,618 per U.S. dollar, while...
Read moreDetailsNaira weakens to N1,583/$1 at official market as FX reserves dip and BDC reforms loom
The naira began the week on a weaker footing, depreciating to N1,583/$1 on Monday at the official market.
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