Currencies

Naira opens at N1560/$, dollar stable after Friday’s crash

August 4, 2025

Naira sinks in black market, U.S dollar posts best month in 2025

August 1, 2025

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

July 30, 2025

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Nigeria's daily parallel market exchange rate tracker

CBN to stop sale of foreign exchange to banks by end of 2022

by Chike Olisah

February 11, 2022

The CBN has indicated that it would discontinue the sale of foreign exchange to Deposit Money Banks by the end...

Redesigning or sensitizing; what's the way to go?

Circulars

CBN explains how diaspora remittances increased from $6 million to $100 million weekly

by Chike Olisah

The CBN has said that its FX policies especially the Naira4Dollar scheme has led to significant improvement in diaspora remittances.

CBN revokes licence of Eyowo, 46 other microfinance Banks

CBN unveils “RT200 FX programme” to attract $200 billion in FX repatriation

by Ubah Jeremiah Ifeanyi

The CBN has announced a programme that seeks to repatriate $200billion from non-oil exports over the next three to five...

The high cost of defending naira against the dollar

Jitters as Naira falls to 1-month low at parallel market

The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window.

Cryptos

Bitcoin, Gold drop on U.S. dollar surge, eyes on U.S inflation data

by Olumide Adesina

While many crypto assets saw profit-taking as investors cautiously held their bets, Bitcoin dropped below $44K support level.

Naira and dollar held by in the hand of a person

Respite as Naira gains at parallel market despite weakening at I&E window

February 9, 2022

The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official I&E window.

IMF revises Nigeria GDP growth to 3.2% from 3.1% due to improved fight against Oil theft

IMF urges Nigeria to abandon official exchange rate, fuel subsidy

by Ubah Jeremiah Ifeanyi

February 8, 2022

IMF has insisted that the payment of fuel subsidy and maintenance of an official exchange rate would not yield favourable...

Why President Tinubu’s plan to unify the naira will be a long, arduous process

Naira weakens as demand for dollar rises at I&E window

February 8, 2022

The exchange rate between the naira and the US dollar closed at N416.5/$1 at the official Investors and Exporters (I&E)...

The Nigerian economy is increasingly dollarized but there is a way-out

Jitters as forex turnover falls to lowest in 3 months

February 7, 2022

Friday, 4th February 2022: The exchange rate between the naira and the US dollar closed at N416.33/$1 at the official...