Currencies
Nigeria's daily parallel market exchange rate tracker
Jitters for Naira as oil prices fall below $70 for the first time since 2021Â
Brent crude oil futures fell below $70 per barrel for the first time since December 2021, marking a new downturn...
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Naira shows recovery ahead of U.S. inflation data
The Nigerian naira strengthened as the U.S. dollar index edged lower ahead of the U.S. CPI data and the televised...
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Forex crisis threatens multimillion-dollar data centre investments in NigeriaÂ
Data centre operators in Nigeria are grappling with the severe impact of the protracted forex crisis, which is now threatening...
Read moreDetailsNaira appreciates to N1,580.46 at I&E Window with help from CBN’s dollar sale
The exchange rate between the naira and the US dollar appreciated to N1,580.46 at the official Investor and Exporter (I&E)...
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Naira rebounds below N1,600/$1 after three-day decline on official marketÂ
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89%...
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CBN to sell $20k to eligible BDCs at N1580/$ to meet market demandÂ
The Central Bank of Nigeria (CBN) has approved the sale of $20 thousand each to Bureau De Change (BDC) operators...
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Naira ranges near N2,200/£1 mark in the black marketÂ
The local currency traded lower against the British pound sterling in the last trading session of this week. The pound...
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Naira within N1,650/$ mark in black market
The haven currency posted mild losses in London’s trading session as renewed concerns over the U.S. economy’s growth outlook weakened...
Read moreDetailsNigeria’s exchange rate weakens to N1,625.88/$1, worst in six monthsÂ
The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM...
Read moreDetailsNaira faces pressure in black Market, Trades at N1,635/$
The dollar index remained near its weekly high, while the Nigerian naira fell below a key support line. The local...
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