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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

Currency Outside Banks Drops to N3.66 Trillion in July, Marking 2024’s Largest Decline

musteey -
Nigeria saw less money outside its banks in July 2024. The amount went down to N3.66 trillion. This is the second time it went down this year. In June, there was N3.79 trillion outside the banks....
Market Watch

Nigerian Manufacturers Urge CBN to Ease Forex Policy Restrictions for Manufacturing Sector

musteey -
The Manufacturers Association of Nigeria (MAN) wants the Central Bank of Nigeria (CBN) to make it easier for them to get foreign exchange. They are asking to remove many rules that make it hard for manufacturers. ...
Market Watch

Naira Weakens Amid Dollar’s Surge

musteey -
This week started tough for Nigerian money. The U.S. dollar is doing really well all over the world. Right now, 1 Nigerian naira (NGN) is very low when you compare it to...
Market Watch

August Forex Turnover Hits 2024 Low as Naira Approaches ₦1,600 per Dollar

musteey -
The Nigerian forex (foreign exchange) market is not doing well right now. The amount of money traded every day is very low, almost the lowest since January 2024. At the same time, the value of the...
Market Watch

Capital Reversals Lead Nigeria’s $1 Billion Foreign Outflow in April 2024

musteey -
In April 2024, Nigeria saw a big jump in money leaving the country. A total of $1 billion left, which was much more than the $740 million from March. This happened mainly because foreign investors took their money back. They...
Market Watch

Naira Strengthens as Dollar Hits Two-Year Low Against British Pound

musteey -
The Naira did better against the US dollar in Friday's trading session.However, it didn't do as well against the British pound, which went up a lot because of some news from the Federal Reserve's boss, Jerome Powell. He said...
Market Watch

US Federal Reserve Hints at Interest Rate Cuts: Implications for Nigeria’s Exchange Rate

musteey -
--- On Friday, August 23rd, Jay Powell, who leads the US Federal Reserve, gave a much-awaited speech at the Jackson Hole symposium. He hinted that they might cut interest rates soon.Jay Powell said, “It's time to change our policy,” and...
Market Watch

Naira’s Volatility Persists Amid Dollar Gains

musteey -
On Thursday, the naira, Nigeria's money, had mixed results against the dollar. The dollar, also known as the "greenback," got stronger. It went up because some people started buying it after it had been...
Market Watch

Nigerian Businesses Anticipate Naira Depreciation Within Next Three Months, CBN Survey Reveals

musteey -
Businesses in Nigeria think the Naira (Nigeria's money) will lose value over the next three months starting from July. But after six months, they believe it will start to get stronger. This information comes from the...
Market Watch

Naira Holds at N1600/$ Despite Strengthened Nigerian Forex Market Fundamentals

musteey -
This Wednesday morning, the Nigerian currency, Naira, stays at N1600 for 1 dollar in the black market. This is happening even though Nigeria's foreign exchange market has seen some good changes, and the dollar is at a low point...
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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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