Naira Exchange 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...

The Nigerian government wants the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) to start collecting money in Naira instead of foreign currencies.Bayo Onanuga, who advises the President on Information and Strategy, said this...

The Nigerian naira is getting weaker compared to the US dollar. On September 25, 2024, it ended the day at N1,667.42 in the official Investor and Exporter (I&E) market.This means the naira lost 0.54% value from the previous day's...

The Central Bank of Nigeria (CBN) has decided to sell $20,000 more to each eligible Bureau de Change (BDC) operator in Nigeria. This announcement was made...

By the start of the market on September 25, 2024, the South African Rand (ZAR) has grown by 11% against the US dollar since its low in February. This is because South Africa's economy did well in key areas...

On Tuesday, September 24, 2024, the Nigerian naira lost more value against the US dollar. It ended the day at N1,658.48 in the official Investor and Exporter (I&E) window.This was a big drop of 6.13% from N1,562.66 on Monday....

On Monday, September 23, 2024, the exchange rate between Nigerian naira and US dollar dropped to N1,562.66 at the Investor and Exporter (I&E) window. ...

The Manufacturers Association of Nigeria (MAN) from the Cross River and Akwa Ibom areas says that changes in foreign exchange rates are a big problem for their work.On Monday, the Acting Chairman, Mr. Usen Umoh, spoke at the association’s...

The Naira's value has dropped a lot in one year since Yemi Cardoso became the boss of the Central Bank of Nigeria (CBN).Data from FMDQ shows that the Naira fell from N747.76 per $1 on September 22, 2023, to...