Currencies
Nigeria's daily parallel market exchange rate tracker
Exchange rate stabilizes across forex markets as BDC window gets fresh dollar supply
At the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N460/$1 on Tuesday.
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Naira falls to N460/$1 as CBN intervention fails to contain speculation
The naira depreciated at the parallel market despite the third round of forex allocation to BDCs.
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Why Nigeria’s external reserves is stuck at $35 billion
Forex reserves remain just above $35 despite the pressure on the exchange rate
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World Bank puts pressure on Nigeria for more forex reforms to aid recovery
The multilateral bank urged Nigeria's apex bank to ease the pressure on the country's FX market.
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Naira falls big across all forex market despite another $50 million allocation to BDCs
The Naira depreciated against the dollar to close at N455/$1 on Thursday at the black market.
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Naira depreciates at black market as BDCs expect another forex allocation from CBN
Even though there was a little appreciation in the NAFEX window, the Naira depreciated at the black market.
Read moreDetailsExchange rate is weakened at NAFEX window as drop in dollar supply continues
The opening indicative rate was N386.48 to a dollar on Tuesday.
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Investors rushing to U.S dollar, as Gold, Bitcoin prices plunge
Gold futures prices were down 0.60%, Bitcoin dropped 0.5% to trade at $10,060 price level.
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Naira falls at black market despite CBN’s sales of over $50 million to BDCs
At the black market where forex is traded unofficially, the Naira depreciated against the dollar.
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Naira gains at NAFEX window as CBN block accounts of some firms for forex abuse
The Naira appreciated marginally against the dollar at the I&E window on Friday.
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