Currencies
Nigeria's daily parallel market exchange rate tracker
U.S dollar set for first weekly fall in 2024 while naira shows momentum
The U.S. dollar index was on track for its first weekly fall in 2024 while the naira appreciated at the...
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CBN to clear remaining FX backlog in the next few days- CardosoÂ
Olayemi Cardoso says that the remainder of the bank’s FX backlogs will be cleared in the next few days- most...
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Official exchange rate closes at N1609.51/$1 against dollar after CBN’s policy rate hikeÂ
The official exchange rate between the naira and the US dollar on Wednesday, February 28th, 2024, appreciated slightly by 0.4%...
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NAFEX rate closes at N1615.94/$1 as CBN sells dollars at N1300/$1 to BDCs Â
The official exchange rate between the naira and dollar fell to N1615.94/$1 on Tuesday, February 27th, 2024, just as dollar...
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CBN: Do not throw the baby with the bathwater on crypto
Last week, it was reported that the government instructed the NCC to block some crypto website platforms.
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Nigeria’s FX reserve rose to $34 billion – Cardoso
Nigeria's forex reserves have risen to $34 billion according to the governor of Nigeria's central bank, Olayemi Cardoso.
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CBN raises MPR to 22.75% up 400 basis points
The Central Bank of Nigeria has raised the monetary policy rate (MPR) by 400 basis points to a record 22.75%.
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Basic steps to hedge your local business against naira
The NGX's most recent earnings results reveal that PZ Cussons and Nigerian Breweries, among other blue-chip brands, FX exposures cost...
Read moreDetailsCurrency volatility: Official exchange rate appreciates by 5.22% as intra-day high records N1778/$1Â Â
The Naira experienced a notable appreciation against the US dollar on February 26, 2024 as official exchange rate strengthened by...
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Naira appreciates by 7.62% to N2100 against Great British Pound at the black market Â
The naira experienced a significant uptick on Monday, reaching a peak of N2100 per Great British Pound (GBP) in the...
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