Currencies
Nigeria's daily parallel market exchange rate tracker
Naira hits record low of N1,410 /$1 at the black market
Naira on Thursday fell to a record low of N1,410 per dollar following strong demand on the parallel market, also...
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Forex turnover records $56.60 million as the naira falls marginally to N882.24/$1 at the official market
Forex turnover dropped by 3.18% to $56.60 as the Nigerian naira tumbled against the dollar marginally on Wednesday, January 24th, 2024, in both the...
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Cardoso says the naira is undervalued, CBN to work towards genuine price discovery
Mr. Yemi Cardoso has stated that the naira is overvalued promising that in 2024, the bank will work towards real...
Read moreDetailsWeak Oil output, 6-week high dollar compound naira problem at black market
Nigeria’s naira is poised for its lowest level at the black market this month as demand-supply equilibrium remains a fantasy.
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Intraday high records N1336.05/$1 as naira appreciates to N878.61/$1 at the official market
The intraday high recorded N1336.05/$1 as the Naira gained against the dollar on Tuesday, 23rd January 2024 at the official...
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Forex crisis: BDCs push to begin public display of black-market rates
Efforts are underway to authorize the ABCON to publicly display the black-market rates of the naira against the dollar on...
Read moreDetailsNaira further depreciates against dollar to N925.34/$1 at the official market
The Nigerian naira further declined against the dollar on Monday, January 22nd, 2024, in both the official and black markets.
Read moreDetailsForex turnover records $145.89 million as the naira depreciates marginally to N902.45/$1 at the official market
Forex turnover dropped by 17.36% to $145.89 as the Nigerian naira tumbled against the dollar marginally on Friday, January 19th, 2024, in both the...
Read moreDetailsExchange rate hits record low to N1,680/£1 in one week as diaspora Nigerians head back to UK
In one week, the parallel market exchange rate witnessed a notable decrease, reaching a record low of N1,680 per Great...
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CBN is still short of the amount needed to clear forex backlog – Fitch Ratings
Credit ratings agency Fitch stated on Thursday that the CBN continues to face a shortage of foreign exchange to clear the...
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