Naira Exchange Rate

Nigeria’s daily parallel market exchange rate tracker

This Is How Bad The Naira Faired Today

1. The naira slid to a new low on Tuesday, as investors worried about the impact of falling oil prices on Nigeria's fragile finances...

Nigerian Stocks: Summary of Trading Today (18/07/2016)

The All share Index dropped -0.25% as trading closed on a negative note.

NIGERIA: Parallel Market Exchange Rate (Updated 18/07/2016)

Nigeria's Parallel Market Exchange rate is a daily compilation of the price of the Naira against three major currencies in the black market.

Manitoba Hydro Finally Settles For Payments In Naira

After months of insisting that its outstanding invoices would have to be paid in U.S. Dollars, Manitoba Hydro International Nigeria...

What The Naira/Yuan Swap Deal Means For Trader’s And Speculator’s

What is Currency Swap? Simply put, it is an agreement between two parties to swap their currencies without involving a third party and thus avoiding...

Economist Summit: Okey Enelamah says Naira options may involve “pricing flexibility”

Nigeria’s minister of Industry, Trade and Investment Okey Enelamah said at the Economist Summit today that options for the naira may involve pricing flexibility...

Naira Stabilizes After “Sanusi Shock”; Now N165.7 @ Interbank & N171 @ Blackmarket (24/2/14)

The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) arm of the forex market yesterday as it...
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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...

More Gloom & Doom? Analyst Predict Further Sell-Offs In Equities & Naira Depreciation

Punch||Economists  and analysts have said Nigeria’s financial markets may continue to react negatively, at least in the short term, to the suspension of Mr....
Source: Quantitative Financial Analytics

Nigeria Daily FX Futures Market Tracker (Updated October 24, 2016)

A daily update of activities in Nigeria's foreign exchange futures market


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.