Currencies
Nigeria's daily parallel market exchange rate tracker
Naira drops to N1,402.67 in latest official market trading
In the opening trading session of May at the NAFEM window, the Naira experienced a slight decline, settling at N1,402.67...
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Seplat Energy Plc sets Naira exchange rate at N1,309.88/$ for 2023 dividend
Seplat Energy Plc declares N1.309.88/$1 as applicable currency exchange rate for 2023 dividend payout
Read moreDetailsFX gains ease inflation pressure on businesses as Nigeria’s PMI jumps to 51.1- Report
Exchange rate gains in the naira during the month of April led to a slowdown in inflation pressure according to...
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CPPE to CBN: Adopt quarterly FX rate for customs duty collection
The Centre for Promotion of Public Enterprise, (CPPE) has asked CBN to adopt a specific quarterly exchange rate for import...
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Naira opens May with slight decline, trades at N1,360/$ in parallel market
The Naira opened the month of May on a negative note, trading at N1,360/$ at the parallel market, representing a...
Read moreDetailsNaira trades at April low as U.S dollar near six month high
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as the anticipation of...
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After raising hopes, Naira depreciates against the dollar by 5.8% in April
The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the...
Read moreDetailsForeign exchange swaps fuelling decline in Nigeria’s FX reserves – MPC member
A member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), Bamidele A.G. Amoo, has said...
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CBN raises exchange rate for customs duty collection to N1,327/$
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Customs Service duty collection by N163. The...
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Top 10 sectors that got highest forex from CBN in 2023
Latest data from the CBN shows that the apex bank released $21.12 billion to different sectors in 2023.
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