Currencies
Nigeria's daily parallel market exchange rate tracker
Naira closes flat as Omicron Covid variant pushes crude oil prices below $70
Wednesday, 1st December 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, for the six...
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Nigeria to record $9.1 billion current account deficit in 2021 – Afrinvest
Nigeria is projected to record a current account deficit of $9.1 billion in 2021, an improvement compared to $16.98 billion...
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Naira maintains rate for 5 consecutive days despite drop in FX liquidity
Tuesday, 30th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the official...
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Nigeria’s currency in circulation hit all time high of N2.97 trillion for October 2021
The total currency in circulation in Nigeria hit an all-time high of N2.97 trillion as of October 2021, data from...
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Nigeria attracts $9.22 billion diaspora remittance in H1 2021, increases by 16%
Diaspora remittances into Nigeria increased by 15.6% QoQ to $9.22 billion in H1 2021 compared to $7.98 billion recorded in...
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Digital Currency: Tanzania follows Nigeria’s lead, pushes for CBDC
Tanzania aims to develop its own digital currency, following in the footsteps of Nigeria, after becoming concerned about the risk...
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Nigerians can now apply for forex online as CBN deploys e-Form ‘A’
Nigerians can now apply for forex online, thanks to the Central Bank of Nigeria's deployment of an electronic Form 'A'...
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Naira settles flat at official window despite trading at N456.9/$1 during intra-day
Monday, 29th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the official Investors and Exporters (I&E) window. Naira closed flat against the US...
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World Bank says CBN FX policies discourage foreign investment and fuel inflation
The World Bank has stated that the Central Bank of Nigeria's exchange rate management policies continue to discourage investment and fuel inflation....
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Naira remains stable at official market as dollar supply surges by 120%
Friday, 26th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the official Investors and Exporters (I&E) window. Naira closed flat against the US...
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