Currencies

Naira trades at N1,485/$ on Monday as Dollar index falls

September 29, 2025

Why Nigeria’s external reserves is at a 6-year high

September 29, 2025

Naira strengthens to N1,480/$1, best performance in nine months

September 27, 2025

Home Category Markets Currencies

Currencies

Nigeria's daily parallel market exchange rate tracker

CRR Debits, #EndSARS: We were not hacked - CBN

CBN’s OMO Gimmickry explained

by Research Team

October 28, 2019

CBN's latest circular restricting OMO to foreign investors and Nigerian banks explained including its implication for the economy.

NIGERIA: Daily Parallel Market Exchange Rate (September 27th 2019)

by Samuel Oyekanmi

September 25, 2019

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

NIGERIA: Daily Parallel Market Exchange Rate (August 1st 2019)

August 1, 2019

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

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

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

by Research Team

June 28, 2019

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

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

CBN’s intervention in FX market hit $39 billion in 2018

by Bamidele Samuel Adesoji

February 27, 2019

The Central Bank of Nigeria (CBN)stabilized the Naira in 2018 by injecting $39.9 billion into the foreign exchange market (Forex). This...

Business News

NNPC set to meet December 2019 deadline on petroleum product importation

by Adaobi Nnadiukwu

January 8, 2019

NNPC was created by the merger of NNOC and the Ministry of Petroleum Resources in accordance to decree 33 of...

Naira-Dollars, Exchange rate falls at black market as forex liquidity declines by 89.8%

Nigeria’s External Reserves drop below $47billion below for first time in 4 months

August 8, 2018

Nigeria's external reserves suffered a major drop during the week as CBN data reveals the country's external reserve position was...

These factors could lead the exchange rate to depreciate to N403/$1

January 24, 2018

Nairametrics readers and followers have sent us messages asking what we think will happen to the Naira in 2018. It's...

CBN begins implementation of electronic certificate of capital importation today

by Onome Ohwovoriole

September 11, 2017

The apex bank on Friday issued a circular notifying dealers of its decision to begin the deployment of an electronic...

Nigerians Celebrating, Households in Nigeria spend N22.7 trillion on food

CBN’s likely next steps as external reserves bounce back to pre-Buhari levels