Foreign exchange market

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th September 2024

What is the Dollar to Naira Exchange rate at the black market, like the Aboki FX? The exchange rate for the US dollar (USD) to Nigerian Naira (NGN) in the parallel market

Victor Ezeja

3 months ago

Naira Drops To N1606 Per Dollar, Lowest In 3 Weeks At Official Market

Business·Latest News·Markets

FX Turnover Plummets 76% In Nigerian Market Amidst Holiday, Economic Volatility

The foreign exchange (FX) turnover on Nigeria’s official market experienced a dramatic drop of 75.98%, hitting a three-week low on Thursday. The turnover fell from $385.91 million at the end of Tuesday’s

Emmanuel Ochayi

5 months ago

Business·Latest News

Analyst Expresses Optimism That Nigeria’s Economy Won’t Witness Forex Instability In 2024

Economic experts have continued to express optimism that Nigeria’s economy is on the path to recovery and won’t witness the challenges that occured in 2023 caused by Foreign Exchange (Forex) instability and

Victor Ezeja

7 months ago

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Business·Latest News

CBN Pays Out Additional $400m To Settle Forex Backlog

The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, on Tuesday, disclosed that the CBN has paid out an additional $400 million to settle forex backlog owed.

Victor Ezeja

9 months ago

Business·Latest News

Forex Crisis: Go After Powerful Forces In Parallel Market Strangulating Naira, Don Tells Nigerian Govt

Professor of Economics, Sam Olofin, has charged the Nigerian government to fish out and prosecute those he called “powerful operators” in foreign exchange market to rescue the naira from collapse.

Victor Ezeja

9 months ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Finance & Economy

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Nigeria’s currency, the Naira, experienced a significant depreciation during the third quarter of 2023, with the unofficial market rate plummeting to N1000/$1. This alarming drop, coupled with a decline in external reserves,

Emmanuel Ochayi

1 year ago

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Dollar Rate Falls, Investors, Exporters Trade $125.66m Foreign Exchange

In the official market, the Dollar rate depreciated by N0.33 kobo, indicating the Naira’s value in the Investors and Exporters window appreciated by 7.15 per cent. The Naira gained against the Dollar

Fakoyejo Olalekan

2 years ago

Naira Strengthens To N1,576 As Dollar Supply Rises

Business·Currency

Dollar To Naira Exchange Rate: Traders Increase Dollar Price In Official Market, BDC Operators Drop Theirs

September 27, 2022 Dollar Rates Update: The Naira fell in the official foreign exchange market, Investors and Exporters window, on Tuesday, by -0.07%, as traders increased their asking price to sell a

Fakoyejo Olalekan

2 years ago

Governor of Nigerias Central Bank Godwin Emefiele

Business·Currency

Bureau De Change Operators Provide CBN With Solutions To Save Naira

The Central Bank of Nigeria (CBN) has been urged by the Association of Bureaux De Change Operators of Nigeria (ABCON), to put an end to the official fixed rate in the foreign

Fakoyejo Olalekan

2 years ago

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Finally Falls In Black Market After CBN Outburst

July 29, 2022 Dollar Rate Update: The naira depreciated in the official foreign exchange market on Friday, losing N2.80kobo in value, as traders on the Investors and Exporters window sold the dollar

Fakoyejo Olalekan

2 years ago

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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 6th September 2024

FX Turnover Plummets 76% In Nigerian Market Amidst Holiday, Economic Volatility

Analyst Expresses Optimism That Nigeria’s Economy Won’t Witness Forex Instability In 2024

CBN Pays Out Additional $400m To Settle Forex Backlog

Forex Crisis: Go After Powerful Forces In Parallel Market Strangulating Naira, Don Tells Nigerian Govt

Unprecedented Naira Depreciation As Black Market Rate Hits N1000/$1 In Q3 2023

Dollar Rate Falls, Investors, Exporters Trade $125.66m Foreign Exchange

Dollar To Naira Exchange Rate: Traders Increase Dollar Price In Official Market, BDC Operators Drop Theirs

Bureau De Change Operators Provide CBN With Solutions To Save Naira

Black Market Dollar To Naira Exchange Rate: Dollar Finally Falls In Black Market After CBN Outburst

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