Currencies

Nigeria's daily parallel market exchange rate tracker

Naira, Exchange rate falls across forex markets as dollar liquidity remains low

Currencies

Naira gains across forex markets as banks start payment of remittances in dollars

by Chike Olisah

December 10, 2020

At the black market, the Naira appreciated against the dollar to close at N478/$1 on Wednesday.

Currencies

Dollar Addiction: Nigerians spend over $35 billion on travel allowances

by Research Team

December 9, 2020

Nigerians spend over $7 billion annually on education, health, and personal travel.

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens

Currencies

Naira weakened at black market as external reserve loses $452 million in a month

by Chike Olisah

December 9, 2020

The Naira depreciated marginally against the dollar, closing at N483/$1 at the parallel market on Tuesday, December 8.

Currencies

Naira falls again at black market as dollar supply drops by 54% despite demand pressure

by Chike Olisah

December 8, 2020

The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020.

Currencies

Naira stabilizes at NAFEX window as dollar supply improves significantly

by Chike Olisah

December 7, 2020

The naira remained stable against the dollar at NAFEX to close at N395/$1 during intra-day trading on Friday.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Currencies

CBN Governor discloses why they amended procedures for receipt of diaspora remittances

by Chike Olisah

December 5, 2020

The CBN Governor has disclosed the reason the apex bank amended the procedures for receipt of diaspora remittances into the...

Currencies

CBN expects $24bn annual diaspora remittances – Emefiele

by Johnson Uche

December 4, 2020

The CBN has stated that it is expecting an estimated $24 billion annually from diaspora remittances.

Currencies

Naira gains big at black market as CBN targets $2 billion monthly from IMTO

by Chike Olisah

December 4, 2020

 The naira appreciated against the dollar to close at N470/$1 on Thursday at the black market.

CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

Currencies

CBN latest policy on diaspora remittance kicks off tomorrow

by Chidi Emenike

December 3, 2020

CBN's latest policy on receipt and administration of diaspora remittances into Nigeria is set to kick off tomorrow.

Currencies

Naira rebounds at black market as CBN moves against illegal activities of currency traders

by Chike Olisah

December 3, 2020

The Naira appreciated against the dollar, closing at N485/$1 at the parallel market on Wednesday, December 2.

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Naira settles at N1,591/€ as the Euro maintains its fall against US Dollar

Naira steady against British pound as Sterling slumps against US Dollar

Naira weakens to N1,387/$ in March, erasing February gains

Naira weakens to N1,387/$ as reserves fall to $49.29 billion in March

Currencies

Nigeria's daily parallel market exchange rate tracker

Naira gains across forex markets as banks start payment of remittances in dollars

Dollar Addiction: Nigerians spend over $35 billion on travel allowances

Naira weakened at black market as external reserve loses $452 million in a month

Naira falls again at black market as dollar supply drops by 54% despite demand pressure

Naira stabilizes at NAFEX window as dollar supply improves significantly

CBN Governor discloses why they amended procedures for receipt of diaspora remittances

CBN expects $24bn annual diaspora remittances – Emefiele

Naira gains big at black market as CBN targets $2 billion monthly from IMTO

CBN latest policy on diaspora remittance kicks off tomorrow

Naira rebounds at black market as CBN moves against illegal activities of currency traders

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