Currencies
Nigeria's daily parallel market exchange rate tracker
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...
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Currency volatility: Official exchange rate appreciates by 5.22% as intra-day high records N1778/$1
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
The naira experienced a significant uptick on Monday, reaching a peak of N2100 per Great British Pound (GBP) in the...
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Naira stays above N1600 bandwidth at unofficial market as MPC meeting kicks off
The naira, week on week, posted some recovery against the haven currency at the unofficial market as CBN set in...
Read moreDetailsOfficial exchange rate closes week at N1,665.50/$1 amidst demand pressure and forex decline
The Naira experienced a decline against the US Dollar in the official market, concluding the week at N1,665.50/$1, amid sustained...
Read moreDetailsCBN to increase BDC minimum share capital to N2 billion for Tier 1 license
The Central Bank of Nigeria (CBN) is mulling an increase in the share capital of Bureau De Change (BDC) operators...
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‘We don’t publish exchange rate forecasts’- IMF resident representative for Nigeria says
In a statement on Friday, the International Monetary Fund’s (IMF) Resident Representative for Nigeria, Christian Ebeke, has said that the...
Read moreDetailsForex reforms: FG says naira already stabilizing, will go after saboteurs undermining the currency
The Federal Government has insisted that the ongoing reforms in the foreign exchange market is beginning to yield results, with...
Read moreDetailsNaira strengthens by 7.43% to N1750 against dollar at the black market
The Naira witnessed a notable surge on Thursday, reaching a high of N1750 per dollar in the parallel market, commonly...
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