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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

Exchange Rate Drops to July Low of N1,563.8/$1 Despite Central Bank FX Sales

musteey -
The naira got lower this July. On Friday, July 12, 2024, one dollar was worth N1,563.80. This was after a little rise the day before. As per FMDQ, the naira lost value...
Market Watch

CBN Sells $122.67 Million to 46 Authorized Forex Dealers

musteey -
The Central Bank of Nigeria (CBN) has made a big move to help the country's money market by selling $122.67 million to 46 authorized dealers.  This action is to make the market stable and stop sudden changes. The exchange rate...
Market Watch

Senate Votes Down Bill Aimed at Regulating FX Market Transactions

musteey -
Senate Rejects Foreign Exchange Monitoring Bill Senate Rejects Foreign Exchange Monitoring Bill The Senate recently said "no" to a new rule...
Market Watch

Naira Plummets Beyond ₦2,000 Against British Pound

musteey -
Sure! Let's simplify this article so it's easy for anyone to understand, even young kids. We'll keep it unique and add some examples to make it clearer. Here we go: The naira started Thursday’s session at the lower end of...
Market Watch

Nigeria’s Foreign Exchange Reserves Surpass $35 Billion for the First Time Under Tinubu Administration

musteey -
Nigeria’s external reserves have grown again and now stand at $35.05 billion as of July 8, 2024. The central bank's data, reviewed by Newslodge, confirms this increase. This is the highest level since May 30,...
Market Watch

Nigeria’s Official Exchange Rate Plummets to N1,561, Reaching Lowest Level Since March

musteey -
The value of the naira, Nigeria's money, went down a lot in its exchange market. On Wednesday, July 10, 2024, the rate was N1,561.98 for every $1. This is called depreciation.The FMDQ Securities Exchange, which keeps track of these...
Market Watch

Customs Import Duties Exchange Rate Increased by N37

musteey -
Sure! Here's a simpler version of the blog post: <div><p><span data-contrast="auto">The exchange rate for import duties by the Nigeria Customs Service (NCS) is going up. It's now N1549 for 1 USD according to the latest update on the customs exchange...
Market Watch

Naira Struggles as U.S. Dollar Surges

musteey -
<div> <p>Before Federal Reserve Chair Jerome Powell spoke, the safe-haven currency had some strength. But, the naira, Nigeria's money, fell a little during the first trading day of the week.</p> <p>The naira has been losing value for...
Market Watch

Currency Outside Banks Reaches Record High of N3.71 Trillion in May 2024

musteey -
The amount of money outside Nigerian banks is now N3.71 trillion in May 2024. This info comes from the Central Bank of Nigeria (CBN). This new high shows people trust banks less or like using...
Market Watch

Nigeria’s External Reserves Climb to $34.66 Billion, Marking a 13-Month High

musteey -
Nigeria's external reserves have grown again, now at $34.66 billion as of July 4, 2024. This is a 13-month high. This information comes from Newslodge' historical records of the central bank's external...
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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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