Currencies

May 9, 2025

Naira weakens to N1,612/$1 at official market amid persistent FX supply concerns

May 8, 2025

Naira depreciates slightly to N1,609/$1 at official market amidst sustained FX stability

May 7, 2025

Brent crude rally lifts some pressure off Naira

May 6, 2025

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Currencies

Nigeria's daily parallel market exchange rate tracker

Naira expected to be under pressure until backlogs for FX payments are cleared

June 22, 2020

The foreign reserves stood at $36.33 billion droppings by $119.25 million, week on week.

Naira drops again at the black market as exchange rate unification plans intensify, Naira falls against the dollar across forex markets as liquidity drops by 43% , Naira falls big at the black market as demand pressure persists

Naira falls against the dollar across forex markets as liquidity drops by 43%

June 21, 2020

Forex turnover dropped from $66.61 million on Thursday to $38.12 million on Friday.

Forex liquidity up by 315% as Naira gains marginally at I&E Window

June 19, 2020

The liquidity in the foreign exchange market appears to have improved, the volatility and uncertainty of the market seem to...

U.S dollar remains firm, global investors rush into safe haven assets

June 19, 2020

Currency traders remained optimistic about the dollar, despite its recent pullbacks.

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

by Lawretta Egba

June 18, 2020

The dollar traded at $1.1234 per euro on Thursday,  yen also increased to 106.79 against the dollar, while Sterling went down to $1.2533

Foreign Exchange: FX demand backlog

by CSL Stockbrokers

June 18, 2020

The possibility of further devaluation and weak economic outlook has stalled foreign portfolio inflows.

Naira drops again at the black market as news of exchange rate unification stirs.

June 18, 2020

The drop in the value of the naira can be attributed to the pressure in the foreign exchange.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira falls at the official market as government reveals plans to unify the exchange rates

June 17, 2020

There has been growing pressure for the CBN to unify the exchange rate markets.

Forex turnover drops by 28.3% as naira depreciates against the dollar at I&E window

Naira rebounds, gains against the dollar at I&E forex window

June 17, 2020

Naira gained against the dollar when compared to N386.50 to a dollar it exchanged on Monday.

U.S dollar regains safe-haven status, China and India fire shots at each other