Currencies

Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains 

July 30, 2025

Naira converges, US dollar index gains strength

July 29, 2025

Nigeria’s exchange rate revenue falls by 73% as FX arbitrage falters

July 28, 2025

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Currencies

Nigeria's daily parallel market exchange rate tracker

Russia’s Central Bank holds interest rate at 20%, warns of inevitable inflation

Russia reduces interest rate to 11% boosted by the success of the ruble

May 26, 2022

Russia's central bank slashed interest rates to 11% for the third time in less than a month, boosted by lower...

Naira falls to N609/$1 at black market as forex liquidity remains low

May 26, 2022

The exchange rate between the naira and the US dollar closed at N418/$1 at the Investors and Exporters (I&E) window.

Naira and dollar held by in the hand of a person

Naira falls to N608/$1 at P2P exchange market as CBN raises interest rates

May 25, 2022

The exchange rate between the naira and the US dollar closed at N419/$1 at the Investors and Exporters (I&E) window,...

Naira has lost 70% of its value since Godwin Emefiele became the CBN Governor

May 24, 2022

Since Emefiele took office as the CBN Governor in 2014 to date, Naira's official rate compared to the US Dollar...

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Exchange rate falls at I&E window as FX supply drops

May 24, 2022

The exchange rate between the naira and the US dollar closed at N420.33/$1 at the Investors and Exporters (I&E) window,...

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira closes week at N605/$1 at the black market

May 21, 2022

The exchange rate between the naira and the US dollar closed at N419.02/$1 at the official Investors and Exporters (I&E)...

Adapt or Die: Why CBDCs have changed the future of banking

SWIFT to test Central Bank Digital Currencies for international transfers

by Olumide Adesina

May 20, 2022

SWIFT is working to connect CBDCs such as eNaira to one another, as well as to traditional currencies as it...

Forex, Nafex, parallel market, exchange rate, Naira, Dollar

Naira falls big at black market as FX supply records significant decline at I&E window

May 20, 2022

The exchange rate between the naira and the US dollar closed at N420.33/$1 at the official Investors and Exporters (I&E)...

Pressure for Nigeria’s CBN as South Africa’s Reserve Bank hikes interest rates

May 19, 2022

South Africa's Reserve Bank has taken an aggressive hawkish stance to raise the interest rates in a bid to stop...

Naira closes at a record low of N409/$1 at NAFEX

Exchange rate depreciates to N604/$ at parallel market