Nigeria’s daily parallel market exchange rate tracker
Intra-day high hits a record peak of N1607 amid rising demand pressure and inflation surge
U.S dollar at a three-month high adds more pressure on naira
Forex turnover surges by 202.97% as official exchange rate settles at N1499.07/$1
Naira loses 68% of its value in the official market since FX unification policy
Official exchange rate falls to record low N1,534 despite CBN’s policies
Exchange rate closes the week at N1,469.97/$1 at official market as demand pressure persists
CBN edges towards free float of naira with discontinuation of cap on forex transactions
CBN discontinues ±2.5% cap spread on Interbank FX transactions
International transfers through Western Union, others to be paid out in naira
Nigeria sees over $1 billion in FX market supply in the past “few days” – Cardoso
No respite for the Naira as the exchange rate closes at N1,479.47/$1 at the official market