Currencies
Nigeria's daily parallel market exchange rate tracker
Foreign 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.
Read moreDetailsExchange rate falls to N1,419/$1 in official market, worst since March
The Nigerian Naira saw a notable increase in value against the US dollar in the parallel market, reaching N1,350. This...
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CBN stops OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers
Some of the fintechs pointed out that the directive may have been misdirected given that most of the accounts involved...
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Forex crisis: EFCC receives Court’s approval to freeze 1,146 accounts involved in illicit transactions
A Federal High Court in Abuja has approved an interim order requested by the Economic and Financial Crimes Commission (EFCC)...
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Exchange rate opens week at N1,380 at parallel market
The exchange rate between the Naira and the Dollar is being quoted as high as N1,380/$1 at the parallel market,...
Read moreDetailsNaira picks up 10% gain as EFCC fights speculators
The new rate represents a 10% increase when compared to N1,400 to a dollar it traded at the close of...
Read moreDetailsCustoms FX rate for cargo clearance drops below official, parallel market prices
The exchange rate for cargo clearance has dropped below the prevailing official and parallel market rate to N1,164.84 to the...
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Naira continues its rebound against the dollar at parallel market, now below N1,300/$
The naira has continued its recovery against the US dollar at the parallel market as it appreciated to N1280/$1 on...
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