Currencies
Nigeria's daily parallel market exchange rate tracker
Nigeria’s external reserves fall to lowest level in 2022
This is the lowest level recorded this year according to checks by Nairametrics
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Naira could be devalued to N520/$ by 2023 — Bank of America
Economist says the current exchange rate is well above fair value
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CBN’s policy caused a huge gap between official and black market rates — ABCON
Gwadabe said a huge rate gap of N300/$1 currently exists in the market.
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Naira depreciates to N742/$1 on the black market
The depreciation of the naira has been attributed to increased demand for the dollar amidst continuous shortages
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Pound falls after Kwasi Kwarteng confirms he was sacked as chancellor
The pound has fallen from a session high against the dollar on Friday after Kwasi Kwarteng was sacked as chancellor.
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Ghanaian Cedi fell by 72% in 10 months
Ghana is battling debt, 20-year-high inflation, a weak currency, and rising inequality. In August 2022, inflation increased to 33.9% from...
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CBN stops access to discount window on auction days
The Central Bank of Nigeria (CBN) has placed restrictions on market participants from accessing the CBN’s discount window on auction...
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As Naira Crashes to N730/$, CBN says its RT200 FX Programme has started yielding the expected result
The CBN RT200 FX Programme aims to increase earnings from consistent and sustained foreign exchange inflows
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CBN’s multiple exchange rate discourages investments in Nigeria – FG
This is according to Nigeria’s Integrated National Financing Framework (INFF) a report commissioned by the government
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Naira falls big to N740/$1 on black market
The exchange rate has maintained a downward trend, following the move by the apex bank to raise the interest rate...
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