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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

CBN Allocates $876.26 Million at N1,495/$1 to 26 Banks in Recent Retail Dutch Auction

musteey -
The Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495 for one dollar to 26 banks through a special auction.Dr. Omolara Omotunde Duke, Director of the Financial Markets Department, signed a statement about this.The statement said the...
Market Watch

Nigerian Naira Strengthens for Third Straight Day, Closes at N1,596.52 per Dollar on Wednesday

musteey -
The naira, Nigeria's currency, has gained value and is now worth less than 1,600 naira for 1 US dollar on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. According to data from the Financial Market Quotation...
Market Watch

Nigeria Sees 55% Surge in Net FX Flows, Reaching $25.4 Billion in First Half of 2024

musteey -
The Central Bank of Nigeria (CBN) announced that its new policies are working. Between January and June, the forex flows increased to $25.4 billion, which is a 55% rise compared to last year. CBN explained that this growth was because...
Market Watch

New CBN Circular Clarifies Existing Rule on Certificate of Capital Importation for Forex Repatriation and Divestment

musteey -
The Central Bank of Nigeria (CBN) wants everyone to understand the rules for taking out and bringing back foreign investments related to the Certificate of Capital Importation (CCI).Dr. W.J. Kanya, who is in charge of the Trade & Exchange...
Market Watch

Nine Companies Acquire $25.76 Million from CBN’s Retail Dutch Auction to Settle Debts

musteey -
Sure! Here’s the rewritten blog post using simple English that can be easily understood: The Central Bank of Nigeria (CBN) held a Retail Dutch Auction on August 6, 2024. Nine companies bought a total of $25.76 million to...
Market Watch

Nigeria’s Currency in Circulation Surpasses N4 Trillion Mark for the First Time in June 2024

musteey -
Nigeria's Currency Hits Record High The Central Bank of Nigeria (CBN) has new data showing that the money people use every day, called "currency...
Market Watch

Just 10% of Our 2023 FX Gains Have Been Realized – FCMB Group CEO

musteey -
The big boss of FCMB Group, Ladi Balogun, said only about 10% of the bank's foreign exchange (FX) gains in 2023 are actually money they have in hand. He said this during a meeting called "Facts Behind the Offer" at...
Market Watch

Naira Hits 5th Consecutive Loss Against U.S. Dollar as Fed Interest Rate Decision Looms

musteey -
The Naira has fallen to its lowest since April, even though the US dollar isn't very strong right now. Right now, the dollar is at about 104 points compared to other world...
Market Watch

Exchange Rate Plummets to N1,611/$1: Worst Close Since March

musteey -
On Monday, July 29th, 2024, the value of the naira compared to the dollar dropped to the lowest it has been in four months. It reached N1,611 on the official Investor and Exporter window. This information...
Market Watch

Exchange Rate Plummets to N1,611/$1, Marking Lowest Close Since April

musteey -
The exchange rate between Nigeria's naira and the US dollar dropped to a four-month low of N1,611 on Monday, July 29th, 2024, in the official Investor and Exporter window. This information comes...
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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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