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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

BREAKING: CBN to Offer $20,000 to Each BDC at N1,450 per Dollar

musteey -
The Central Bank of Nigeria (CBN) said it will start selling foreign money, called FX, to special shops called Bureau De Change (BDCs). These shops help people who need money for trips and small payments. A....
Market Watch

Customs Duties Collection Exchange Rate Surpasses Official Market Rate Once More

musteey -
The exchange rate for paying duties with the Nigeria Customs Service (NCS) has gone up by N3 more than the official closing rate of the Naira on the NAFEM window. ...
Market Watch

Government to Implement 50% Tax on Banks’ Realized FX Profits in Revised 2023 Finance Act

musteey -
Sure, I'll rewrite the blog post using simpler and more straightforward language. I'll make sure it's easy to understand even for young children. Here we go: --- The federal government wants to take half of the profit that banks make from...
Market Watch

Government to Impose 50% Tax on Banks’ Realized Profits from Forex Gains in 2024 Budget

musteey -
The federal government wants to tax banks 50% of profit made from foreign exchange revaluation in 2023. This plan is in the new Finance Act for 2023 that the President sent to the National Assembly for...
Market Watch

Tinubu Proposes Amendment to Finance Act to Tax Banks’ FX Gains

musteey -
President Tinubu has asked the Senate to change the 2023 Finance Act to make banks pay a one-time tax on the money they made from foreign exchange in 2023.The President wrote a letter to the Senate. He said that...
Market Watch

Trump’s Influence and High Dollar Demand Drive Naira to Lowest Level Since March 15

musteey -
Sure! Let's break it down and keep it simple for everyone: The value of the Naira, Nigeria's money, has fallen for the fifth day. Even though the Central Bank of Nigeria (CBN) tried to help, the Naira is now at...
Market Watch

Pharmaceutical Companies Struggle with Forex Shortage as Multinationals Withdraw – PMG-MAN

musteey -
The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) says there is not enough foreign money in Nigeria. They are worried because this makes it very hard for medicine companies to work. They also...
Market Watch

Newslodge 2024 Q3 Outlook: Stable Forex Essential for Attracting FDIs in Nigeria – Olusegun Zaccheaus

musteey -
Nigeria is facing economic problems like rising prices, a weaker Naira, and changing trust from investors. Experts say that the country needs to create a steady and...
Market Watch

FX Turnover Soars by 40% This Week Amid Increased Dollar Supply from CBN

musteey -
In Nigeria, the official foreign exchange (FX) market saw a big increase this week. It went up by 40%! Some information from FMDQ, collected by Nairalytics, reveals this rise. Last week (July 1 to...
Market Watch

Customs Duties Collection FX Rate Surpasses Official Market Rate

musteey -
The exchange rate for Nigeria Customs Service (NCS) duties has gone up from N1,520 per dollar to N1,558 per dollar.This is an increase of N38 from the previous rate and it's higher than the NAFEM closing rate of N1554.65...
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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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