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Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

Black Market (N173) vs CBN (N155.7)||Naira Drops Marginally as RDAS Reopens

The Deputy Governor, Corporate Services, CBN, Alhaji Suleiman Barau recently said the naira has outperformed the greenback and other international currencies. “The naira is not...

Need Forex? These Options Are Cheaper and Better Than Black Market

A friend was going traveling out of the country for the Xmas holiday with his family. It is a yearly ritual for them as...

How British Visa Fees Will Be Paid In Naira

The British High Commission (BHC) in Nigeria has explained that while its visa fees are denominated in dollars, the payment can be made in...

10 Things Every Investor Needs To Know About Forte Oil “Capital Reorganisation” Plans

Forte Oil  Currently Post Set Off  N'm  N'm Share Capital  539  539 Share Premium  62,292  7,105 Forex Reserve -62 -62 Retained Earnings -55,187  - Shareholders Funds  7,582  7,582 Reports indicate Forte Oil Plc is planning to set off its negative...

$400million Pumped Yesterday Alone Yet Dollar Still Trading At N166

The Central Bank of Nigeria (CBN) yesterday increased its supply of the dollar at the Retail Dutch Auction System (RDAS) to $400 million representing...

How To Estimate Your Personal Net Worth

Some weeks back, Forbes released its list of top billionaires around the world including Africa. Our own Alhaji Aliko Dangote was named yet again...

3rd Quarter Results: Analyst Predict Doom For Nigeria Banks

Q3 results are expected to start trickling in this week and will continue till the end of the month. As usual, it's time for...

Difference Between WDAS & RDAS

The Central Bank recently introduced sweeping Foreign Exchange guidelines that is expected to eliminate or drastically reduce money laundering as we approach another election...

Official: Nigeria Is Highest Importer of Dollars In The World

The current CBN Governor is usually not one to hold his peace when it comes to matters involving monetary policy. Lately he has been...

Are Bureaux D Change To Blame For Weak Naira?

At the recently concluded MPC meeting yesterday where the CBN voted to hold MPR at 12% for the 12straight month, the CBN Governor was...

Don’t Panic: CBN Promises To Defend Naira

  CBN Deputy Governor (Operations), Mr. Tunde Lemo, told THISDAY at the weekend that the central bank would continue to defend the naira. On Naira Depreciation...

Launched: FXTM Introduces Over The Weekend Forex Trading Account

  The ForexTime Limited (FXTM) has introduced an "Over-the-Weekend (OTW) trading account, where traders can enjoy swap-free trading from Monday to Friday. The firm in a...

Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Yields on Nigeria's 10-year bonds have increased by about three per cent in the past two weeks as investors sell-off their securities in anticipation...
Revenues

Naira Falling Quickly Against The Dollar. Now At 10 Months Low

  Nigeria's naira currency fell to its weakest level in almost 10 months on the interbank market on Friday, driven down by strong demand for...

Is It Time To Dump Or Buy The Pounds Sterling??

On a recent impromptu trip to the US, I borrowed about about £680 from a friend promising to repay on my return. I had...

CBN SAYS “WE DO NOT HAVE THE CAPACITY TO BAN — USE OF DOLLAR...

  In response to the House of Reps resolution that the CBN should ban the use of dollars for transactions in Nigeria, the CBN has...

Baggage Of Problems You Must Be Aware Of If You Want To Start Your...

Everybody one day wants to own a business of some sort and become your own boss. It is human nature and your ability to...

IS THE NEW N5K NOTE A PRELUDE TO $1=N200? FOR NOW ITS A RUMOR...

On a faithful day on the 3rd of December 2008 Nigerians woke up to a 6.58% depreciation of the Naira sending the value of...

THE NEW N5,000 NOTE, A “CURE” FOR A DYING NAIRA…?

Yesterday, the CBN announced yet another plan to coin lower denominations, introduce higher denominations and enhance the quality and appearance of some notes. This has...

How Unilag can loose billions of Naira due to name change

      "If this business were split up, I would give you the land and bricks and mortar, and I would take the brands and trade...

Nigerian Businesses face huge exposure to exchange rate risk as the CBN plan to...

The Central Bank Governor on Monday announced that the CBN it was looking to devalue the rate of the Naira against the dollar to between N155/N156...

Sanusi fires first shot as MPR is Hiked. Interest Rates to rise by 2.75%

As predicted yesterday the Monetary Policy Committee jacked up MPR by an astonishing 275 basis point (2.75%) to 12%. They also increased the bank...

Is the Value of the Naira really N170 to $1?

A recent publication of the Lagos Business School on the state of the economy in the first 100days of GEJ (LBS Report) suggest the...

“Runs” Business: A 60 Billion Naira Industry?

Meet a young beautiful lady named Shirley. She drives a Volkswagen Bug, lives in a flat in Lekki, owns a pair of the latest...