Currencies
Nigeria's daily parallel market exchange rate tracker
China’s CBDC nearly completes in a single day eNaira’s 3month’s worth of transaction
China's CBDC, e-CNY has outpaced Nigeria's eNaira by completing approximately $315,761 (N131.35 million) in a single day.
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Naira falls to N575/$1 at black market, weakens against Euro and Pounds
Naira depreciated against the US dollar from N570 to a dollar on Wednesday to trade at N575/$1.
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I&E Window records $130 million turnover
The exchange rate between the naira and the US dollar closed at N416.5/$1 at the official Investors and Exporters (I&E)...
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Naira records marginal gain as $95.17 million exchange hands at official market
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window.
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After 10 quarters of consecutive deficits, Nigeria’s current account hits $3.68 billion
Nigeria’s balance of payment account has hit a surplus of $3.68 billion in the third quarter of 2021.
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Naira retracts as exchange rate falls at official and P2P markets
The exchange rate between the naira and the US dollar closed at N416.67/$1 at the Investors and Exporters (I&E) window.
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CBN’s current FX regime, an obstacle to its $200 billion in FX repatriation – CPPE
The CPPE has stated that the CBN's current forex regime would be an obstacle to its goal of $200 billion...
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Exchange rate weakens at P2P market as oil price edges towards $100
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window.
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IMF says eNaira and other CBDCs are better than Bitcoin, altcoins
The IMF suggests central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies including Bitcoins and other...
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Experts paint grim picture of what could happen if CBN stops sale of forex to banks
Experts explore the possibility of what could happen if the CBN stopped the sale of dollars to banks.
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