dollar to naira rate

Key points: Official CBN Rate: ₦1,463.44 / USD Black-Market Rate: ₦1,490 / USD Drivers: Decline in FX inflows, easing speculative pressure, CBN reforms boosting confidence Top Tools: AbokiFX, FMDQ Exchange, Nairametrics FX Tracker The naira stayed stable at ₦1,463.44/$1 on Wednesday, October...

Key points: Official CBN Rate: N1,463.45 / USD (NAFEM) Black-Market Rate: N1,490 / USD (Parallel) Drivers: CBN reforms (curbing speculation, increasing liquidity), improved oil revenues, and a rise in offshore portfolio inflows. Top Tools: FMDQ Securities Exchange, AbokiFX, Nairametrics The...

Key points: Official CBN Rate: N1,465.29$ / USD (Appreciation of $0.29%) Black-Market Rate: N1,490.00$ / USD (Remained unchanged) Drivers: CBN injected N70 million in FX liquidity; external reserves rose by N92.5 million to N42.68 billion; improved market liquidity from local participants. Top...

Key points: Official CBN Rate: ₦1,475.35 / USD Black-Market Rate: ₦1,490 / USD Drivers: Global risk aversion, foreign investors selling local assets, and limited CBN dollar supply Top Tools: CBN FX Monitor, AbokiFX, Nairametrics FX Tracker The Naira depreciated by ₦4.32 in the official market...

Key points: Official CBN Rate: ₦1,471.03 / USD Black-Market Rate: ₦1,485 / USD Drivers: Cooling inflation, weak dollar supply, global risk aversion, and investor sell-offs amid US-China tensions. Top Tools: AbokiFX, FMDQ, ParallelMarket.io The naira appreciated slightly by 0.15% at the...

Key Points: Official CBN Rate: ₦1,473 / USD Black-Market Rate: ₦1,485 / USD Drivers: Lower CBN forex sales, strong portfolio inflows, easing inflation, rising FX reserves Top Tools: AbokiFX, CBN FX Monitor, Nairametrics FX Tracker The Naira slipped again on Wednesday, trading at ₦1,473/$1...

Key Points: Official CBN Rate: ₦1,463.23 / USD Black-Market Rate: ₦1,480 / USD Drivers: Increased seasonal demand, reduced CBN intervention, rising external reserves, and global geopolitical shifts affecting oil prices. Top Tools: AbokiFX, CBN FX Monitor, NairaRates.live The naira weakened...

Key points: Official CBN Rate: N1,457.51 / USD Black-Market Rate: N1,480 / USD Drivers: Rising external reserves ($42.59bn) countered by Dangote Refinery's suspension of Naira sales for petrol, leading to marketer-announced fuel price hikes. Top Tools: CBN Official Site, Bloomberg Terminal...

Key points: Official CBN Rate: N1,455.17 / USD Black-Market Rate: N1,503 / USD Drivers: Rising External Reserves ($42.58), Increased FX Liquidity Top Tools: CBN Website, FMDQ Exchange, AbokiFX The Naira ended the week with a massive gain at the official market, appreciating by N11.48 against...

Key Points: Official CBN Rate: ₦1,470 / USD Black-Market Rate: ₦1,500–₦1,515 / USD Drivers: CBN liquidity management, rising retail dollar demand, and delayed FX inflows from oil exports. Top Tools: FMDQ, CBN Bulletin, AbokiFX The naira held steady at ₦1,470/$1 on the official window today...

Key points: Official CBN Rate: ₦1,470.62 / USD Black-Market Rate: ₦1,485 / USD Drivers: Improved economic outlook, stronger GDP growth, forex demand pressure, and stabilising inflows. Top Tools: CBN.gov.ng, AbokiFX, BluFX App The naira appreciated slightly at the official market to...

Key points: Official CBN Rate: ₦1,471 / USD Black-Market Rate: ₦1,480 / USD Drivers: Reduced forex inflows, oil production slump from PENGASSAN strike, rising dollar index Top Tools: AbokiFX, Investing.com, CBN FX Monitor The Naira slid further on Tuesday as dollar demand surged and inflows...

Key Points: Official CBN Rate: ₦1,464–₦1,466 / USD Black-Market Rate: ₦1,470–₦1,480 / USD Drivers: Improved FX liquidity, stronger oil inflows, steady CBN interventions, and mild global dollar strength. Top Tools: NAFEM Data Hub, CBN FX Bulletin, AbokiFX The naira strengthened slightly on...

Key Points: Official CBN Rate: ₦1,466 / USD Black-Market Rate: ₦1,450 / USD Drivers: Export inflows, tighter speculative activity, modest liquidity injections Top Tools: AbokiFX, FMDQ, CBN FX Monitor The naira extended its steady run on Monday, trading at ₦1,466 per dollar officially and...

Key points: Official CBN Rate: ₦1,465.68 / USD Black-Market Rate: ₦1,465 / USD Drivers: Rising FX demand, tightening liquidity, and cautious investor sentiment despite CBN interventions. Top Tools: AbokiFX, CBN FX Dashboard, FXMonitor The naira weakened further on Friday, closing at ₦1,465/$1...

Key points: Official CBN Rate: ₦1,455 / USD Black-Market Rate: ₦1,460–₦1,470 / USD Drivers: Rising reserves ($43bn), CBN reforms, lower speculation, foreign investor inflows Top Tools: FMDQ Exchange, AbokiFX, Nairametrics FX Tracker The naira held steady at ₦1,455/$ in the official window...

Official CBN Rate: ₦1,483 / USD Black-Market Rate: ₦1,490 / USD Drivers: Modest forex inflows, CBN interventions, steady global dollar. Top Tools: AbokiFX, Investing.com, Nairametrics FX Tracker The naira traded cautiously today, with only a ₦7 gap between the NFEM and parallel market. Analysts...

Key points: Official CBN Rate: ₦1,480.15 / USD Black-Market Rate: ₦1,500 / USD Drivers: Oil price swings, FX liquidity, inflation concerns Top Tools: AbokiFX, FMDQ, Nairametrics FX Tracker The naira firmed slightly in the parallel market to ₦1,500/$ from ₦1,510/$, while slipping marginally at...

The Digest: The Nigerian Naira has been identified as one of Africa's weakest currencies, ranking ninth on Forbes' continental assessment with an exchange rate of ₦1,490 per US dollar, highlighting the persistent economic challenges despite recent positive inflation trends. This positioning...

Key points: Official CBN Rate (NAFEM): ₦1,480.66 / $1 Black-Market Rate: ₦1,495 / $1 Drivers: Low FX demand, improved liquidity, CBN interventions, stronger reserves Top Tools: CBN FX Monitor, AbokiFX, NairaRatesLive The naira gained against the dollar on both official and parallel markets on...