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Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

Dollar Squeeze

NIGERIA: Exchange Rate Today (16/6/2016)

  S/N PARALLEL MARKET BUY SELL 1 NAIRA/DOLLAR 355 345 2 NAIRA/POUND 505 495 3 NAIRA/EURO 400 395

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

The Naira gained against the Dollar

Here is Why Naira Weakened at The Black Market on Monday

The Nigerian naira weakened against the dollar on Monday on the parallel market after a boost in liquidity and a...

Alert: Tantalizers Plc Release 2016 Half Year Earnings

Tantalizers Plc released its 2016 H1 results for the period ended June 30 2016 ; See below   Tantalizers Plc 2016 Half Year Results Tantalizers Plc 2016 H1 2015...

Alert: Nigerian Aviation Handling Company Plc Release 2016 Q2 Earnings

  N.A.H.C.O released its 2016 Q2 results for the period ended June 30 2016 ; See below   Nigerian Aviation Handling Company Plc Q2 2016 Results NAHCO 2016...

Forex Demand May Drop As Refineries Get Set to Resume Operations

The pressure on the Central Bank of Nigeria (CBN) to devalue the naira due to dwindling foreign exchange reserves, is...
Emefiele’s reappointment

Emefiele Calls Critics of Multiple Exchange Rates “Mischievous”

The Central Bank of Nigeria's Governor, Godwin chastised critics who insists that Nigeria has multiple exchange rates, calling them "mischievous". Mr Emefiele was taking...

Alert: Nascon Allied Industries Plc Release 2016 Half Year Earnings

 Nascon Allied Industries Plc released its 2016 H1 results for the period ended June 30 2016 ; See below   Nascon Allied Industries Plc Nascon Allied Industries...

[$20b SCANDAL] This yam, this goat this country, NNPC vs PWC(Part 1)

“Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic...
CBN Gov Godiwn Emefiele

CHANGE: Journey Of The Naira Since Buhari Became President

The Naira is currently going through one of its darkest times in the parallel market. Above is the path the naira has taken since...

Alert: Berger Paints Nigeria Plc Release 2016 Half Year Earnings

Berger Paint Nigeria Plc released its 2016 H1 results for the period ended June 30 2016 ; See below   Berger Paints 2016 Half Year Results Berger...
CBN Gov Godiwn Emefiele

CBN’s Order To Banks To Sell 60% of Forex To Manufacturers Could Backfire…

The Central Bank of Nigeria has instructed commercial banks to sell about 60% of their forex to the Manufacturing sector. The Bank gave this...
CBN Gov Godiwn Emefiele

Why CBN wants to stop you from using your ATM cards abroad

The CBN is at it again!! The Bankers Committee and the CBN at the completion of its Bankers Committee Meeting yesterday (which includes CBN...

Alert: Japaul Oil Plc Release 2016 Half Year Earnings

Japaul Oil Plc released its 2016 H1 results for the period ended June 30 2016 ; See below   Japaul Oil And Martime Service Plc H1...

Russian Example Reveals What Could Happen To The Naira If We Float

  By this time last year, the Russian currency was in a tailspin. Its foreign reserves dropped by a massive 26% from $510 billion in...

Key Details Of This New VAT Bill Should Worry Business Owners

Taxpayers may soon see the penalties for Value Added Tax (VAT) defaults increase significantly.

How the crash in naira has affected traders in Balogun market

  Times are hard for traders at Balogun market, a melting pot for business transactions in the heart of Lagos, as the naira manages to...

S-E-L-L O-F-F-S: NSE Is Down 4%..Hot Money Is Pouring Out In Droves. Naira Now...

It's a massive sell off on the exchange already with the NSE losing 4% by mid day trading. Reports suggest massive sell orders...

Is It Time To Dump Or Buy The Pounds Sterling??

On a recent impromptu trip to the US, I borrowed about about £680 from a friend promising to repay on my return. I had...

[ANALYSIS] Nigerian economy now faces an even bigger threat

The economy could now be set to face another major headwind – falling aggregate spending by households or consumers in the economy. And this...

A Conversation With an Operator of 3 Fuel Stations Exposes A Common ‘Threat’

Last May, the Minister for State for Petroleum Resources and Group Managing Director of the NNPC, Dr Ibe Kachikwu announced an increase in the...

5 Reasons That Support Calls for Naira Devalution

In recent times, our economy is being managed as if we are the sole country in a new planet setting the economic and money...
CBN Gov Godiwn Emefiele

How Nigeria Got Into A Foreign Currency Disaster

To understand how we got into this mess, we will have to look a series of self inflicted and unavoidable occurrences that brought us here.

DEVALUATION 2.0: Naira Drops To Lowest EVER at The Interbank, Ahead of MPC Communique

It was another record low for the Naira today after it fell by 3.6% to N191 191.85 naira against the dollar as the market...

3rd Quarter Results: Analyst Predict Doom For Nigeria Banks

Q3 results are expected to start trickling in this week and will continue till the end of the month. As usual, it's time for...

Rewane’s PREDICTIONS are Chilling: CBN May Depreciate Naira Next Week and Increase CRR

THE Central Bank of Nigeria (CBN) may adopt a mixed bag of depreciation of the naira and further tightening of the Cash Reserve Requirement...
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.

Naira Gains 2.3% as CBN Sells More Dollars

Nigeria's naira rose 2.35 percent against the U.S. dollar on Friday after the central bank sold dollars to prop up the value of the...