Currencies
Nigeria's daily parallel market exchange rate tracker
Gold slips amid risk rally as Nigeria mulls Naira-backed reserve strategy
Gold had already been losing value throughout the week following Trump’s decision to increase tariffs on Europe, which fueled greater...
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AfDB projects 6% Nigerian naira depreciation in 2025 amid global market uncertainty
The African Development Bank (AfDB) has projected that the Nigerian naira will depreciate by at least 6% between 2025 and...
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Naira shows stability in informal market, U.S. Dollar maintains upward trajectory
The Naira remained stable in the informal market during the mid-trading session, trading at approximately N1,615–N1,618 per U.S. dollar, while...
Read moreDetailsNaira weakens to N1,583/$1 at official market as FX reserves dip and BDC reforms loom
The naira began the week on a weaker footing, depreciating to N1,583/$1 on Monday at the official market.
Read moreDetailsExchange rate ends week strong at N1,579/$1 on official market, stabilizes across forex channels
The naira ended the week on a strong note, appreciating to N1,579/$1 on Friday, May 23, 2025, at the official...
Read moreDetailsExchange rate slumps to N1,586/$1 in official market—first decline since MPC meeting
The naira weakened to N1,586/$1 in the official market on Thursday, marking the first depreciation since the Central Bank of...
Read moreDetailsNaira gains for three straight days in official market but UK Pounds falls to N2,155
The naira appreciated to N1,583/$1 at the official foreign exchange market on Wednesday, strengthening slightly from N1,588.5/$1 recorded on Tuesday,...
Read moreDetailsNaira appreciates to N1,625/$1 in parallel market, N1,588.50/$1 at official
The naira appreciated to N1,625/$1 in the parallel market on Tuesday, up slightly from N1,627/$1 recorded on Monday, according to...
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Currency volatility now below 0.5% as FX market stabilises – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced that volatility in the foreign exchange...
Read moreDetailsNaira appreciates to N1,597/$1 in official market ahead of crucial MPC meeting
The naira appreciated marginally to N1,597/$1 on Monday at the official foreign exchange market, according to data published by the...
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