Currencies
Nigeria's daily parallel market exchange rate tracker
CBN Recapitalization: 95% of BDC operators risk shutdown by June 2025
There has been a lot of anxiety in the sector recently as the fate of most of the licensed Bureau...
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Nigeria’s FX reserves gain $364 million in two weeks, first steady climb since January peakÂ
Nigeria’s external reserves have recorded a sustained rebound for the first time in 2025, rising by $364 million between April...
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Naira’s outlook brightens on lower inflation reading, FX remittance policy
The fundamentals of the Nigerian currency have improved amid lower headline inflation readings and ongoing reforms by the Central Bank...
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Naira faces U.S dollar resurgence amid Nigeria’s oil production boost Â
The Nigerian currency oscillated between the N1620-25/$ support line in the unofficial market amid the resurgence of the dollar in...
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Naira strengthens to N1,597.7/$1 at official marketÂ
Nigeria’s currency, the naira, appreciated against the US dollar at the official foreign exchange market on Monday, closing at N1,597.7/$1,...
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Pressure mounts as Naira depreciates to N1,625 lowest points in 2025
The naira oscillated near its 2025 lows amid renewed appetite for the greenback, while the U.S. dollar index posted upside...
Read moreDetailsNaira weakens to N1,612/$1 at official market amid persistent FX supply concernsÂ
The Naira depreciated to N1,612/$1 at the official Nigerian Foreign Exchange Market (NFEM) on Wednesday, May 7, 2025, down from...
Read moreDetailsNaira depreciates slightly to N1,609/$1 at official market amidst sustained FX stabilityÂ
The Nigerian naira depreciated further against the US dollar at the official foreign exchange market, closing at N1,609/$1 on Tuesday,...
Read moreDetailsBrent crude rally lifts some pressure off Naira
The naira remained stable at N1610–N1615 on the unofficial market as oil prices recovered above $61 per barrel, while the...
Read moreDetailsNigeria incurs N315 billion in currency management cost
The Central Bank of Nigeria (CBN) reported a sharp rise in currency management costs in 2024, with expenses increasing by...
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