Currencies
Nigeria's daily parallel market exchange rate tracker
Naira ends turbulent May at N1,485.99/$1 on official market
After two days of substantial depreciation in a week characterized by significant volatility in the foreign exchange market, the naira...
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How exchange rate volatility is crippling Nigerian businesses
Naira has experienced substantial fluctuations making it difficult for businesses to predict costs and revenues accurately, complicating financial planning and...
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Exchange rate back to normal range, falls to N1,484.75 at official market
The exchange rate between the naira and the dollar fell to N1,484.75 on Thursday, May 30, 2024, marking the second...
Read moreFX market turnover drops 27.68% to $9.12 billion in April – FMDQ reports
The Naira steeply appreciated against the US Dollar, with the spot exchange rate ($/N) decreasing by 22.45% ($/N279.38) to close...
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Naira falls hard to N1,329.65/$1 as gaining momentum fades
The naira suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,329.65/$1 on Wednesday,...
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Exchange rate gains tied to $1.3 billion maturing NDFs, CBN’s interventions
The naira has experienced consecutive double-digit appreciation on the official market, and sources say that the Central Bank of Nigeria...
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Exchange rate for customs duty collection drops by 10.3% in 2days, lowest in May
The exchange rate for the Nigeria Customs Service (NCS) import duties collection has dropped by N153.1 from N1480/$ to N1,327.5...
Read moreNaira records biggest appreciation in four months to N1,173.88/$1
The naira surged N1,1173.88/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Tuesday, marking an increase of 14.09%...
Read moreNaira appreciates to N1,339.33/$1 on official market, best in 2 months
The exchange rate between the Naira and the Dollar at the official window saw a significant appreciation of 10.71% on...
Read moreExchange rate for customs duties stays at N1,480/$
The exchange rate for customs duties collection has risen from N1467/$ to N1,480 just below the official market rate of...
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