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Naira Exchange Rate

Nigeria Naira exchange rate tracker. Naira to Dollar Parallel market Tracker. Naira To Dollar CBN rate tracker.

Market Watch

Currency Outside Banks Increases as N1.6 Trillion Exits Bank Vaults in One Year

musteey -
The Central Bank of Nigeria (CBN) recently shared some interesting numbers. These numbers show that people are keeping a lot more cash at home or in their pockets instead of in the banks.According to this data, the money people...
Market Watch

Naira Faces Challenges in Official Market as U.S. Dollar Index Recovers

musteey -
The money that people use in Nigeria, called the Naira, became a little less valuable when compared to the US dollar. This happened because the US dollar started getting stronger again after it went down recently.On October 30, 2024,...
Market Watch

Nigeria’s Money Supply Soars to N108.9 Trillion, Marking a 68% Increase in a Year

musteey -
In September 2024, Nigeria saw its money supply grow by 62.8% compared to the previous year. This happened even though the Monetary Policy Committee (MPC) tried to make it harder to spend money to control rising prices.The Central Bank...
Market Watch

Naira Closes Week Strongly, Stabilizes at N1,600/$ in Official Market

musteey -
This week, the naira, which is Nigeria’s money, got a little stronger when people swapped it with the US dollar at the official money exchange market.On Friday, the market data showed that you could get one US dollar for...
Market Watch

Naira Exhibits Mixed Trends: Falls to N1730 in Parallel Market, Gains 3.03% in Official Market

musteey -
The Nigerian naira slightly got weaker against the US dollar on October 25, 2024. It was trading at N1,730 for $1, which is a little drop from the previous rate of N1,728 for $1.This was the second day in...
Market Watch

Naira Subject to Market Forces, Drops Below N1,650/$ at Official Market

musteey -
In Nigeria, the local money called the Naira is losing value compared to the US dollar. This is because the US dollar is getting stronger.On Wednesday, for every 1 US dollar, you needed N1,654.09 of Nigerian money at the...
Market Watch

Wale Edun Discusses FAAC Disbursement and Its Impact on Naira Depreciation

musteey -
The Finance Minister, Mr. Wale Edun, has talked about what the Central Bank of Nigeria Governor, Mr. Yemi Cardoso, said regarding the pressure on the foreign exchange (FX) market due to money distribution to different government levels in Nigeria.Mr....
Market Watch

Naira Falls to N1,660.49 in I&E Window Despite Increase in Market Volume

musteey -
The money used in Nigeria, called the naira, went down in value compared to the U.S. dollar. It ended the day at N1,660.49 when traded officially by big investors.This drop happened around the same time as the National Bureau...
Market Watch

Cardoso: Depreciating Naira Presents Opportunity to Enhance Nigeria’s Export Trade

musteey -
The boss of the Central Bank, Yemi Cardoso, said that the naira, Nigeria's money, is not worth as much anymore. But, this might help Nigeria sell more stuff to other countries.Cardoso talked about this at a big meeting in...
Market Watch

Naira Declines by 6.83% in I&E Window as Inflation Rises

musteey -
Sure, let's rewrite this blog post in simpler terms for easy understanding. I'll keep it engaging and informative. --- On October 15, 2024, Nigeria's money, called the naira, got weaker when compared to U.S. dollars. At the end of the day,...
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Healthmusteey -

Nigeria's population could rise to 450 million by 2050: experts

Experts have expressed concern about the possible increase in Nigeria's population, which could reach 450 million by 2050 if...
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