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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

Naira Depreciates to N1,562.66 at I&E Window Amid Declining Market Turnover

musteey -
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. ...
Market Watch

Forex Volatility Continues to Hinder Our Operations – MAN

musteey -
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...
Market Watch

Naira Plummets by Over 50% During Cardoso’s First Year in Office

musteey -
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...
Market Watch

Naira Strengthens to N1,541.52 in I&E Window Amid Positive Economic Developments

musteey -
The naira, which is Nigeria's currency, improved against the US dollar, closing at N1,541.52 on Friday, September 20, 2024, in the official Investor and Exporter (I&E) window. This small gain of 0.16% is from the N1,544.02...
Market Watch

Naira Remains Steady in Black Market While Weakening in Official Exchange

musteey -
The Nigerian naira has traded for the third day in a row against the dollar at the same rate of N1,650 for $1 in the street market. In the official market, data from NAFEM showed that the local currency...
Market Watch

Naira Faces Strain in Black Market as U.S. Dollar Remains Strong

musteey -
On Thursday, the local money didn't change much against the US dollar. Even though the US Central Bank lowered its interest rates, the dollar stayed strong. This was because they also hinted they might raise the rates again in...
Market Watch

Naira Strengthens to N1,539 at I&E Window Amid Dollar Weakness

musteey -
On Wednesday, September 18, 2024, the value of the naira compared to the US dollar became better. It was N1,539.65 for each dollar. This happened because the dollar got weaker when the U.S. Federal Reserve cut their...
Market Watch

US Federal Reserve Cuts Interest Rates by 0.5% as Nigeria Looks Forward to Renewed Foreign Investment

musteey -
On Wednesday, the U.S. Federal Reserve made a big decision. They decided to cut their interest rates by 0.5%. This is a big change because more analysts think it will start a time where they keep lowering...
Market Watch

Naira Drops to N1,656 at I&E Window Amid Volatility, as Hopes for Recovery Rise with Looming U.S. Fed Decision

musteey -
The value of Nigeria’s money, called the naira, compared to US dollars went down to N1,656.49 at the official exchange place on Tuesday, September 17, 2024.This is a 7.12% drop from N1,639.20 on September 13, 2024, even though there...
Market Watch

Naira Plummets by Over N100 in Official Market Amid U.S. Interest Rate Focus

musteey -
The Naira has lost over N100 against the U.S. dollar in the official foreign exchange window, despite slower inflation in August. According to the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira was sold at N1,656...
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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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