Currencies
Nigeria's daily parallel market exchange rate tracker
Naira remains stable across forex markets as external reserve plunges to 14 months low
Naira remained stable against the US dollar on Friday to close at N411.67 to a dollar, the same as recorded...
Read moreDetails
Naira falls at official window as external reserve declines to 4-year low
Naira depreciated on Wednesday against the US dollar to close at N411.50 to a dollar compared to N410/$1 recorded on...
Read moreDetails
Naira gains at official window as dollar supply improves significantly by 80%
The local currency gained at the official window as the dollar supply improved significantly by 79.5%.
Read moreDetailsEmefiele informs foreign investors Naira exchange rate value is N430-440/$1
CBN governor, Godwin Emefiele advised investors in the U.K that he expects the true value of the naira to be...
Read moreDetailsExchange rate falls to N500/$1 at black market as forex speculators intensify their activities
The exchange rate depreciated further at the parallel market to close at N500/$1 on Monday, June 21, 2021.
Read moreDetails
Banque de France successfully completes CBDC experiment with Switzerland-based crypto bank, SEBA
Banque de France has made some progress with regards to the development of a European Central Bank Digital Currency (CBDC).
Read moreDetails
Naira reverses gain at black market as CBN moves to increase forex allocation to BDCs
The CBN has moved to increase forex allocation to BDCs and sustain the funding for about 5,000 members of the...
Read moreDetails
ABCON enforces compliance to resolutions among BDC operators
The Association of Bureau De Change Operators of Nigeria (ABCON) has moved to end the volatility of the forex market.
Read moreDetails
Naira strengthens across FX markets as speculators reacts to reports of CBN funding to BDCs
The exchange rate gained at the parallel market to close at N493/$1 on Thursday, compared to N502/$1 recorded on Wednesday.
Read moreDetails
Why the naira is now gaining against the dollar
The exchange rate between the naira and the dollar at the parallel market strengthened on Thursday, rising from N503/$1 to...
Read moreDetails
