Currencies
Nigeria's daily parallel market exchange rate tracker
Exchange rate gains at NAFEX window as foreign reserve dips further
Naira gained marginally against the US Dollar on Wednesday after enduring three days of decline to close at N411.13/$1
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Naira falls to N412/$1 at NAFEX window as dollar supply jumps by 238%
Naira depreciated yet again at the NAFEX window to close at a record low of N412/$1 on Tuesday 9th March...
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Diaspora remittances are down 61% YoY highlighting need for CBN’s Naira4Dollar promo
Data shows diaspora remittances are down 61% YoY and may have sparked CBN's Naira4Dollar promo.
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Exchange rate weakens to N482/$1 as traders react to Naira4Dollar scheme
The exchange rate between the naira and the US Dollar fell on Monday to close at N411.88/$1 at the Investors...
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CBN ‘Naira 4 Dollar Scheme’ will engender Naira stability – ABCON
ABCON) has shown its full support to the recent ‘CBN Naira 4 Dollar Scheme'.
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Naira starts week at N411/$1 as oil price finally hits $70
Naira depreciated against the US Dollar on Friday as it closed at N411 to a dollar at the NAFEX window...
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CBN explains why it introduced cash for dollar scheme
In a series of tweets on the evening of the 6th of March, the Twitter handle of the Central Bank...
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CBN’s Naira4Dollar Scheme may have been copied from Bangladesh
Bangladeshis launched a similar cash incentive for forex remitted into their country by the Diaspora.
Read moreDetailsCBN introduces ‘Naira 4 Dollar Scheme’ for diaspora remittances
CBN introduces ‘Naira 4 Dollar Scheme’ for diaspora remittances, to pay N5 for every $1 remitted
Read moreDetailsNaira strengthens at NAFEX window as dollar supply improves in forex market
Naira appreciated against the US Dollar on Thursday as it closed at N406.50 to a dollar at the NAFEX window.
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