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Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

How CBN’s New Window Fared On Its Debut?

Nairametrics| After its announcement last week Friday of a new window dedicated to for trading dollars with investors and exporters, the Central Bank of...

CBN’s New FX Window For Investors and Exporters Explained

Nairametrics| The Central Bank of Nigeria on Friday opened a new special forex window dedicated to investors, exporters and end users. In a circular...
CBN Governor, Godwin Emefiele

CBN “Frees Naira” As It Creates New Window for Investors & Exporters

Nairametrics| The Central Bank of Nigeria (CBN) has created yet another FX window for investors and exporters. The apex bank had earlier created windows...

Official: CBN Excludes Raw Materials For Plastic And Rubber Production From 41 Ban List

Nairametrics|The Central Bank of Nigeria (CBN) in a circular released today instructed all authorised dealers of forex to add to the official FX market,...
Naira-Dollars

The CBN Believes This Is Why Naira Is Gaining On Black Market

Nairametrics| Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, disclosed that the CBN injected $100 million into the Forex market yesterday to authorized...
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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...
CBN Governor, Godwin Emefiele

Flashback: Emefiele’s 2015 FT Interview (Banks Still Full of Dollars)

Nairametrics| In 2015, Central Bank Governor, Godwin Emefiele had an interview with the Financial Times. This was at the height of his FX policies which...

Currency Sellers List Theories That Explain Why The Black Market Is Running Wild

Nairametrics| The Central Bank of Nigeria is currently in a state of flux. Despite billions sold defending the Naira, the parallel market seem to...
CBN Gov Godiwn Emefiele

Does This Chart Support IMF’s Claim That Naira Is Overvalued?

Nairametrics| Since the Central Bank of Nigeria rolled out its revised forex policy on February 21st 2017, the initial success of the policy seemed...
Godwin Emefiele, CBN, Textile

CBN Announces New FX Deal For SMEs

Nairametrics| The Central Bank of Nigeria on Monday issued a press release, announcing that it would start selling forex to SME's who it claims have been...
CBN renew focus to grow the non-oil sector

Will CBN’s Latest Move Against The Black Market Work?

Nairametrics| The Central Bank of Nigeria issued a press release on Monday confirming that on Friday 7th April 2017 it auctioned the sum of US$418...
Naira-Dollars

Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar to customers at no more than N360. They have also instructed...

Timeline: Forex Decisions Taken By The CBN Since February 2017 (Updated April 10 2017)

Nairametrics| The reign of Godwin Emefiele as CBN Governor will perhaps go down in history as one of the most tumultuous and controversial ever....
Naira-Dollars

Short-Selling The Dollar Is Turning Into An Attractive Proposition

Nairametrics| Imagine that I borrowed $1000 from you when the exchange rate was $1/N520 with a promise to pay you back a month later....
CBN renew focus to grow the non-oil sector

Alternatives To Floating The Naira

In case you missed the first part of this article. You can get it here Nairametrics| At this juncture, while I am willing to agree...

A Case For And Against Floating The Naira

Nairametrics| On Friday, the Naira closed at N390/$ down from N520/$ in January. The development follows a change of heart by the Central Bank...

CBN Issues New Circular: “Don’t Panic, We Have Enough FX”

Nairametrics| A friend of Nairametrics once remarked "A Circular a day, keeps speculators away". It appears the CBN is determined to stick to that...
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CBN Net FX Inflows Drop For The First Time Since November 2016

Nairametrics| Official records of the CBN indicates that the external reserves as at March 29, 2017 currently stands at $30,296,992,832 . Gross external reserves...

CBN Approves $10k Per Week FX Sale To BDC’s

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