Currencies
Nigeria's daily parallel market exchange rate tracker
Naira strengthens to N1,497/$ as CBN meets on interest rates
The Nigerian naira appreciated against the U.S dollar by about 1.2% over the past week, moving from N1,519/$ to N1,497/$...
Read moreDetailsNaira closes week at N1,488/$1, strongest level for any week since January
The naira experienced a significant rebound this week across both the official and parallel foreign exchange (FX) markets.
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Naira stable against British Pound, Bank of England keeps rates unchanged
The naira was relatively stable against the British pound as the Bank of England left the UK's interest rates unchanged.
Read moreDetailsNaira eyes N1,440 level as Ghana’s cedi, rand take advantage of dollar weakness
The naira is making steady progress in the foreign exchange market, appreciating toward a key monthly support level at N1,440...
Read moreDetailsNaira strengthens to N1,484/$ at official market
The Nigerian currency maintained upside against the American dollar as the United States Central Bank makes an important interest decision...
Read moreDetailsNaira settles below N1,500/$ for first time since March
The Nigerian naira surged to a five-month high of N1,497.5/$ at the first trading session of the week in the...
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Experts link Naira’s recent gains to policy reforms, market confidence, consumption patterns
The naira has strengthened steadily against the US dollar in recent weeks, with experts attributing the rebound to bold policy...
Read moreDetailsForex traders say IMTOs no longer diverting remittances as oil firms boost dollar supply
Licensed currency traders say International Money Transfer Operators (IMTOs) are no longer diverting forex proceeds, especially diaspora remittances, outside the...
Read moreDetailsNaira settles at its highest level since March, break below N1,500/$ barrier
Naira maintained its upward trend, closing at N1,500.91 against the American dollar on the Nigerian Foreign Exchange Market.
Read moreDetailsEuro: Naira strengthens to N1,765/€, boosted by French economic strain
The naira took advantage of the situation in the European Union as it strengthened against the Euro amid the ongoing...
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