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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

Ghana’s Cedi Poised for Rebound Ahead of Crucial U.S. Federal Decision on September 18

musteey -
The Ghanaian cedi has lost more than 27% of its value against the U.S. dollar this year. But this decline might slow down because the U.S. Federal Reserve plans to cut interest rates on September 18, which...
Market Watch

Naira Plummets to N1,665/$ Amid Ongoing Dollar Shortages in Black Market

musteey -
The local Nigerian currency, known as the Naira, went over the N1,160 mark against the US dollar last week, even though the dollar was not as strong. In big cities in Nigeria, the Naira was worth...
Market Watch

Nigeria’s FX Reserves Increase by $620 Million in 10 Days Following Domestic Dollar Bond Issuance

musteey -
Nigeria's foreign exchange (FX) reserves went up by $621.2 million in just 10 days after the country sold a special dollar bond inside the country.On September 2, 2024, Nigeria had $36.24 billion. By September 12, 2024, this amount grew...
Market Watch

Naira Appreciates to N1,546.41 in I&E Window Amid Dangote Refinery’s Petrol Distribution Preparations

musteey -
The value of the naira compared to the US dollar went up to N1,546.41 at the official Investor and Exporter (I&E) window on Friday, September 13, 2024....
Market Watch

Naira Strengthens to N1,558 at I&E Window Amid Nigerian Oil Blends Surpassing Brent

musteey -
On Wednesday, September 11, 2024, the rate of the naira to the US dollar became stronger at N1,558.75 in the official Investor and Exporter (I&E) window. This was a 4.81% improvement from...
Market Watch

Naira Strengthens to N1,580.46 at I&E Window Boosted by CBN’s Dollar Sale

musteey -
Sure, let's rewrite this blog post using simple English that even young kids can understand. I'll also add some examples and demonstrations. <div> <p>The exchange rate between the Nigerian naira (N) and the US dollar ($) improved to N1,580.46...
Market Watch

Naira Falls to N1,637 at I&E Window Amid Rising Demand Pressure

musteey -
The value of the naira compared to the US dollar went down by 3.61% at the official Investor and Exporter (I&E) window on Monday, September 10, 2024. Data from FMDQ, which tracks official currency...
Market Watch

FX Turnover Declines by 25% in August Amid Liquidity and Stability Challenges in Official Market

musteey -
In August, Nigeria's official foreign exchange (FX) market faced a decrease in trading, even though the Central Bank of Nigeria (CBN) held a Retail Dutch Auction. According to Nairalytics, the research arm of Newslodge, the total...
Market Watch

Nigeria’s $500 Million Dollar-Denominated Domestic Bond Offering Concludes Today, Settlement Scheduled for September 6

musteey -
Today is the last day to buy Nigeria's special $500 million dollar bond. The selling stops today, Friday. Everyone who buys will get their bonds settled by September 6, 2024. The Nigerian government started...
Market Watch

Nigeria’s Foreign Capital Inflow Declines by 57.22% to $770 Million in April 2024

musteey -
Nigeria received less money from foreign countries in April 2024, amounting to $770 million.This amount is 57.22% less than the $1.80 billion received in March 2024, according to the Central Bank of Nigeria’s (CBN) April 2024 Monthly Economic Report.The...
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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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