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Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

Nigerian Immigration Service NIS jobs, National Information Technology Development Agency, NITDA begins investigation of Banks and NIS over data breach

CBN to lose N7.6 billion in tax payers money for selling dollars to Hajj...

The Central Bank of Nigeria has issued a circular instructing commercial banks to sell dollars to Pilgrims going to the Hajj at an exchange...
CBN Gov Godiwn Emefiele

It’s Official: CBN Floats The Naira, The Implications For You And I

The Central Bank Governor has just announced a full float of the Naira in a press conference in Abuja. The CBN Governor informed a...

Nigeria: Daily Official Exchange Rate Tracker (Updated 16/9/2016)

Official exchange rate of the Naira and three major world currencies.
Diamond bank

This Should Give You Sleepless Nights If You Have Anything To Do With Diamond...

Ratings Agency S&P Global has issued its latest opinion on the financial health of Nigeria's Diamond Bank Plc. The bank was basically downgraded to...
CBN’s, OMO, Gimmickry, CBN blows $2.04 billion to defend the Naira in May as Reserves deplete

CBN’s OMO Gimmickry explained 

CBN's latest circular restricting OMO to foreign investors and Nigerian banks explained including its implication for the economy.

NIGERIA: Exchange Rate Today (20/6/2016)

The price didn't drop as expected as the new floating regime took effect today.

What My Aboki, Buzu, Said I Should Do If I have Dollars

We have been inundated with messages from our readers asking about what they should do with the forex they currently have considering the new...

These Are The Nigerians Benefiting From The Fall Of The Naira

The Naira has plunged more than 70% in the black market when compared to the parallel market since the Central Bank adopted its "managed...

Difference Between WDAS & RDAS

The Central Bank recently introduced sweeping Foreign Exchange guidelines that is expected to eliminate or drastically reduce money laundering as we approach another election...
NIGERIA: Daily Parallel Market Exchange Rate

NIGERIA: Daily Parallel Market Exchange Rate (August 1st 2019)

Parallel market exchange rate between the Naira and three of the world's major currencies.

What The Naira/Yuan Swap Deal Means For Trader’s And Speculator’s

What is Currency Swap? Simply put, it is an agreement between two parties to swap their currencies without involving a third party and thus avoiding...

Where to Invest N1, 000,000 Right Now

Nigerians have always been fascinated by thoughts of being millionaires.

Results Are In: Nigeria’s New Official Exchange Rate After Currency Float

The official floating of the Naira opened at the Interbank on Monday, 20th of June after decades of a Naira peg by successive Nigerian...

[NEW CIRCULAR] CBN Confirms Nigerians Can Buy Forex for BTA, PTA, Medical etc at...

The CBN has issued yet another circular informing Nigerians that all legitimate request for foreign currency for eligible transactions such as...

NIGERIA: Parallel Market Exchange Rate (29/6/2016)

The Dollar gained against the Naira

Volatile Dollar Price: Here Is What My ‘Aboki’ Told Me To Do

On Wednesday, the price of the dollar dropped to as low as N270. Ok scratch that, it dropped to as low as N290. No...

Implication Of Devaluing, Floating The Naira Or Sticking With The Status Quo

The post below is derived from a tweet storm by Ugodre via his twitter handle @ugodre. The tweet represents his views on the three...

The Implication Of What Foreign Investors Just Admitted To Reuters

The excitement over the new flexible exchange rate policy announced by the Central Bank is gradually waning as the attention of local investors has...
CBN Gov Godiwn Emefiele

Naira Float: Aliko Dangote Loses $3.7 billion And Drops 25 Places On Billionaire List

The foreign exchange policy which has seen the Naira float and drop in value by over 40% to N288 will surely have unintended casualties.

The Forces That Brought The Naira Back From The Dead

Something strange is happening to the naira and people are wondering why. From as high as N400 last Friday it has dropped to as...

NIGERIA: Parallel Market Exchange Rate Today (23/6/2016)

The Naira gained against the Dollar

CBN Releases 41 List of Imported Items Not Valid For Foreign Exchange In Nigeria

The Central Bank has issued a new circular informing banning a list of 41 imported goods and services from accessing the official Nigerian Foreign...
Top 5 banking apps

Don’t Miss These Buy Or Sell Recommendation For Ten Commercial Banks

The Nigerian Banking Index is currently up 16.5% year to date as investors pile into Banking stocks in the hope that could make some...

This Economist Believes New Exchange Rate Policy Is Bad For All of Us

The Central Bank of Nigeria’s decision to float the naira in response to dollar demand and supply, in such austere times as this, will probably be ultimately remembered as another policy shift that breached the gates and unleashed devastating floods that swept away any flickering hope of economic diversification or credible inclusive growth.
Nigerian Immigration Service NIS jobs, National Information Technology Development Agency, NITDA begins investigation of Banks and NIS over data breach

CBN Instructs Banks To Sell Forex To BDC’s, What it Means

The Central Bank of Nigeria has issued a new circular on Friday announcing that it has given Bureau De Change operators (BDC) permission to...

This Analysis Of What Floating The Naira Means For These Stocks Is A Must...

The report reviewed the new policy and its potential impact on stocks in some select industries.
Oando Trucks

2015 FY Results: Implication Of Oando’s Latest N49.6 Billion Loss

The recurring losses of Oando Plc, huge debts and severe negative working capital position may cast significant doubt as to the company’s ability to...

NIGERIA: Exchange Rate Today (17/6/2016)

The price fell in anticipation of the new floating regime set to take effect on Monday

A Rating Agency Has Just Explained Why First Bank Could Be In Trouble

Nigeria's largest bank by market capitalization has just received a piece of bad news. Ratings Agency Standard and Poors (S&P) has downgraded the bank's...
Invest in treasury bills

CBN’s Issues Form Q For SME’s; What You Need To Know

Nairametrics| The Central Bank of Nigeria last week announced that it had created a new window for SME's to access forex. SME will now...