Currencies

Naira strengthens to N1,455/$ as foreign reserves hit $42.8 billion

October 24, 2025

Naira holds below N1,500/$ in unofficial market

October 22, 2025

Naira holds steady at N1,475/$ amid late 2025 stability

October 20, 2025

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Currencies

Nigeria's daily parallel market exchange rate tracker

Exchange rate trades for intra-day high N791/$1 at official market

Stronger dollar to push naira above N600/$ at the black market

May 3, 2022

A stronger dollar is expected to force the naira to plunge below N600/$ due to the US Fed’s hawkish stance...

Euro drops to its lowest in 5 years against dollars

May 2, 2022

As the war in Ukraine persists, the Euro has plummeted to a five-year low compared to the dollar.

Ruble’s success against western sanctions prompts Russia’s interest rate reduction to 14%

April 29, 2022

The Central Bank of Russia has lowered its benchmark interest rate to 14% from 17%...

Naira strengthens at official window amid growth in FX supply

April 29, 2022

The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E)...

Dollar and yen gain over Covid-19 panic and economic outlook

Bank of Japan’s dovish stance sends the yen tumbling

April 28, 2022

The dollar entered the critical threshold of 130 yen for the first time since 2002 as the Bank of Japan...

Naira falls at I&E window as FX turnover declines to 3-week low

April 28, 2022

The exchange rate between the naira and the US dollar closed at N419.33/$1 at the official Investors and Exporters (I&E)...

CBN blames falling Naira on Nigerians’ import dependency

April 28, 2022

The Central Bank of Nigeria (CBN) stated that Nigerians' import dependency is the cause of the falling Naira.

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%

Dollar supply falls sharply at I&E window as exchange rate depreciates

April 27, 2022

The exchange rate between the naira and the US dollar closed at N418.5/$1 at the Investors and Exporters (I&E) window,...

Russia-Ukraine war pushes the US dollar to pandemic levels

April 27, 2022

The dollar hit its highest level since the early days of the pandemic and is on track to have its...

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

Naira rebounds at I&E window as FX turnover improves significantly to $291 million