Nigeria’s daily parallel market exchange rate tracker
Exchange rate ends 2024 at N1,535/$1, marking a 40.9% depreciation
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
Naira holds N1,550/$ support line at Nigeria’s foreign exchange market
US Dollar Index hits 2-Year high as other G5 currencies decline; Naira and Cedi remain stable
Naira shows stability in official market, maintains N1,550/$ bandwidth
Currency outside banks hit all time high N4.2 trillion as POS operators dominate ATMs
Wild Week for Naira as Exchange Rate Rebounds to N1,660/$1 at parallel market
Nigeria’s money supply falls to N107.66 trillion, second decline in 2024
Naira’s exchange rate between official and black market widens again
Naira plummets to N1,745/$1, traders blame speculators
Naira falls again to N1,685/$1 at the parallel market as volatility persists