Naira closes week stronger at N1,534.72/$
The naira ended the trading week on a stronger note, appreciating slightly to close at N1,534.72 per U.S. dollar in the official…
Dollar Naira
Nigeria’s exchange rate falls to N1,600/$1 amid Trump’s tariffs
The naira fell to N1,600 per dollar at the close of trading on April 4, 2025, marking a 1.9% decline from N1,569/$1…
Currency outside banks drops to N3.66tn in July
The amount of currency outside the Nigerian banking system fell to N3.66 trillion in July 2024, marking a 3.32% decrease from the…
CBN sells dollars to BDCs at N1,251/$1 as naira strengthens
The Central Bank of Nigeria has issued a circular to Bureau De Change operators, notifying them of the sale of $10,000 to…
Analyst forecasts naira appreciation to N1200/$1
Melvin Onwubuke Goldman Sachs analysts Andrew Matheny and Bojosi Morule have forecasted a significant appreciation of the exchange rate to N1,200 to…
Banks to pay customers money sent from abroad in naira
Following the recent directive by the Central Bank of Nigeria, restricting the operations of International Money Transfer Operators to only inbound transfers,…
Naira strengthens at official window, weakens on black market
The naira appreciated in the official window on Monday following a statement by the governor of the Central Bank of Nigeria, Olayemi Cardoso.…
Naira trades 864/$ on official market as dollar supply rises
The naira closed at N864.29/$ on the official Investors and Exporters window, up 27.16 percent on Monday. The Punch reported that this…
Naira drops 11.4% to N927/$1 on official market
The Nigerian Autonomous Foreign Exchange Market, the official FX window, saw a 11.4 per cent depreciation of the Naira against the Dollar…
Naira closes at N1,100/$ on parallel market
This week, the naira’s value in the parallel market dropped by 15.79 percent, ending trading at N1,100/$. According to The Punch, this…
Naira falls to N1,030/$ as speculators react
The naira lost the momentum it had gained last week and plunged against the dollar on Monday, averaging 1,030/$ on the parallel…
Naira falls to 801.1/$ at official market
The naira fell to the dollar by 1.1 per cent on the Investor & Exporter forex window on Wednesday after closing at…