Foreign exchange rate

Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Nigeria Customs Exchange rate for calculating duties has increased by 2.04 per cent in four days. From N1,447.97/$1 on Monday, 10 June, it increased to N1477.65 as of Friday 14 June 2024.

Victor Ezeja

5 months ago

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

Business·Currency

Naira Appreciates Further To ₦1,453 At Official Market

Naira continued its appreciation in the foreign exchange market closing trading at ₦1,453.28/$1 at the official market on Thursday, 21 March 2024. This means it recorded ₦39, reflecting 2.6 per cent gain

Victor Ezeja

8 months ago

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

Business·Latest News

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Nigerian Naira witnessed a 0.85% decline, closing at N861.91/$1 at the official market on Thursday, revealing an ongoing economic challenge.

Emmanuel Ochayi

11 months ago

Business

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

Wale Edun, one of the ministerial nominees of President Bola Tinubu, has disclosed that corruption and inefficiencies are behind the dollar trading as high as N860/$1. The special adviser on monetary policies

Fakoyejo Olalekan

1 year ago

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Ambition

Business·Insights

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

The Central Bank of Nigeria (CBN) has reported that Nigeria’s foreign reserves dropped to $33.98 billion on Wednesday, 19 July. This is the lowest level since August 2021 when the external reserves climbed

Fakoyejo Olalekan

1 year ago

Business·Currency

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

The official market dollar rate on Tuesday was N742.93 kobo/$1 by the end of the session, which is below the N795.28 kobo posted on Monday. This means authorised dealers in the Investors’

Fakoyejo Olalekan

1 year ago

Business

Foreign Airlines To Start Selling International Tickets At N803.90/$1

The International Air Transport Association (IATA) has informed travel agencies that foreign airline tickets will be sold at a new rate of N803.90/$1. IATA adjusted the exchange rate for international airlines from

Fakoyejo Olalekan

1 year ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

In the investors’ and exporters’ window of the official market, the United States Dollar (USD) was sold at N762.63/$1 on Thursday, 6 July. The FMDQ Exchange, the official foreign exchange rate aggregator,

Fakoyejo Olalekan

1 year ago

Tinubu Set To Attend COP 28 Summit In Dubai

Politics

Why I Chose To Unify Exchange Rate, Refused To Partake In Arbitrage – Tinubu

President Bola Ahmed Tinubu Thursday in Lagos said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and

Victor Ezeja

1 year ago

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

Business·Currency

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

The Central Bank of Nigeria (CBN) has reportedly directed Deposit Money Banks (DMBs) to sell dollars, euros and pounds at market-determined rates. According to a report by Nairametrics, the CBN has decided

Fakoyejo Olalekan

1 year ago

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Customs Exchange Rate For Import Duty Rises By 2.04% In 4 Days

Naira Appreciates Further To ₦1,453 At Official Market

Naira Slumps To N861.91/$1 In Official Market, As Expert Seeks Robust Economic Reforms

Tinubu’s Ministerial Nominee, Wale Edun, Says Corruption, Others Behind Dollar Selling At N860

External Reserves Fall To Two-Year Low, To Affect Tinubu’s N200/$1 Rate Plan

Naira To Dollar Rate Falls Below N800 In Official Market, BDCs Raise Prices Of USD, Pound, Euro

Foreign Airlines To Start Selling International Tickets At N803.90/$1

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

Why I Chose To Unify Exchange Rate, Refused To Partake In Arbitrage – Tinubu

CBN Devalues Naira, Orders Banks To Sell Dollar, Others At Market Determined Rates

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