Naira Exchange Rate

The local currency slumped against the haven currency in the official trading session of the month, while the dollar index showed some gains on Friday.The naira settled at N1,598/$1 at the official window, according to data from the Nigerian...

On October 2, 2024, the Nigerian naira lost value compared to the US dollar. It closed at N1,669.15 in the special I&E market where investors trade currencies.This was an 8.25% drop from N1,541, which was the value at the...

In September 2024, the Naira ended at N1,541 on the official NAFEM window. This was a bit better than its performance in July and August 2024.But, in the parallel market, the Naira wasn't doing so great. It dropped to...

The Nigerian currency, called the naira, had a tough end last month. On Monday, September 30, 2024, it was trading at N1,541.94 for $1. But during the whole month, it showed some strength. At the beginning...

The exchange rate for customs duties is now N1,637 to $1, which is lower than last week's N1,666 per dollar. The customs exchange rate has been...

Zimbabwe has a new money called the ZiG. But, the value of this ZiG money has dropped by more than 40%. This happened because the country's central bank made changes to try and match the official exchange rate with...

The people who made Tornado Cash, a crypto mixing tool, are named Roman Storm and Roman Semenov. They will go to court because the United States said they did bad things with their platform. The court didn't accept their...

The Nigerian naira got stronger against the US dollar and ended the day at N1,576.10 in the official Investor and Exporter (I&E) window on Thursday, September 26, 2024.This is a 5.48% improvement from the previous day’s closing rate...

On September 27, 2024, the naira got stronger compared to the US dollar, closing at N1,540.78 in the official Investor and Exporter (I&E) window. This was a 2.24% improvement from the previous day's rate of N1,576.10. The naira is trying...

The Nigerian naira got a boost because the U.S. dollar became weaker and the Central Bank of Nigeria (CBN) surprised everyone by raising interest rates. Nigeria’s foreign exchange market is like a big, complicated puzzle. On Thursday, the naira traded...