Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

A:L:E:R:T==>Economists Predict ‘Naira devaluation coming in 2015’

The Nation||The continuous decline in foreign reserves and increased spending expected during 2015 elections are likely to force the incoming Central Bank of Nigeria...

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...

3 Theories Explain Why The Parallel Market Is Still Very Relevant

On Wednesday, we spoke to our Aboki, Buzu to get an understanding of what the street thinks about the new exchange rate policy. In...

Alert: Berger Paints Nig Plc Release 2016 Q1 Earnings

Berger Paints Nig Plc released its 2016 Q1 results for the period ended March 31 2016 ; See below   Berger Paints Nig Plc Berger Paints 2016 Q1 2015 Q1 %age...

Why This Week Is Very Important For The Naira, Stocks and Your Money

This week is bound to be a very important week for the Nigerian economy and it is important that you understand why this is...

The CBN Just Threw The Kitchen Sink At Shady Forex Traders With This New...

The Central Bank Governor yesterday in a surprise move issued a circular instructing banks to keep a net zero position for foreign exchange. Here...

[B-O-O-M] Naira depreciates to N230 to $1

The Naira fell to N230 on Wednesday in the parallel market as importers scrambled to source for forex lifeline to...

These Theories Could Explain Why Skye Bank Shares Keep Gaining

Retail Investors who reached out to Nairametrics on Monday were surprised to see Skye Bank's stock gain a whopping 10% and top the gainers...

Mobil Oil Nigeria Plc 2016 H1 Results: Buy, Sell or Hold

Further NGN depreciation poses risk to outlook
Forex, NIGERIA: Daily Parallel Market, Exchange Rate

NIGERIA: Daily Parallel Market Exchange Rate (June 28th 2019)

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


First City Monument Bank Ltd issues N20 billion commercial paper, FCMB Group Records N188bn Revenue, Grows Profit to N20.1bn

FCMB Group records N188bn revenue, grows Profit to N20.1billion

FCMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased.
CIBN outlines what must be done to revive foreign investors’ confidence , COVID-19: CIBN offers Lagos State N20 million as lockdown paralyses economic activities

COVID-19: CIBN supports Lagos with N20million

The CIBN has donated N20 million to support Lagos State Government in its fight against the spread of Coronavirus.
CBN health intervention fund gets new interest rate by March 2012, Nigerian banks’ non-performing loans drop significantly by 41% in 2019, External reserves decline by over 8% in 3 months

External reserves decline by over 8%, despite lower FX demand

Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
Worry for Nigeria as forecast shows OPEC countries will face a challenging 2020 , Why OPEC may not change output cut soon, Weaker oil demand overshadows proposed OPEC output cuts, as oil price dips , Nigeria tops compliance list, as OPEC’s December crude output drops, OPEC, Russia planning biggest oil cut ever

OPEC, allies plan biggest oil cut ever

OPEC and other oil-producing countries are working on a deal for an unmatched production cut equivalent to about 10% of global supply,  
CBN approves suspension of refunds for failed Visa and Verve card transactions

CBN temporarily suspends settlement of failed Visa and Verve card transactions

The Central Bank of Nigeria (CBN) has directed Interswitch to suspend refund activities for failed Visa and Verve card transactions, pending the duration of the lockdown that was recently declared by President  Muhammadu Buhari.