Naira to Dollar Rate Today

In June 2024, the Nigerian Autonomous Foreign Exchange Market (NAFEM) had one of its lowest foreign exchange (FX) turnovers in five months. This means there was less trading of dollars, and it made things tough for Nigeria's currency, the...

Key Points Over 90% of new Forex traders lose most of their money because they aren't ready or have unrealistic hopes. Success means managing risk well. This includes using...

The Central Bank of Nigeria (CBN) has rolled out new rules. These rules make it easier for Deposit Money Banks (DMBs) to deposit extra foreign cash at its branches in Lagos and Abuja. This way,...

Story HighlightsNigeria’s exchange rate closed June 2024 at N1,503.3/$1, marking a 1.3% depreciation for the month. Despite breaking the N1,500/$1 barrier, the exchange rate stayed pretty steady, moving between N1,470 and N1,503. This is the...

Simple Explanation of Nigeria's Diaspora Remittances Nigeria got a lot of money from people living abroad...

Sending $200 to Sub-Saharan Africa cost more in 2023. It went up from 7.4% in 2022 to 7.9% in 2023, says the World Bank. The World Bank said this in their report about migration and development...

When the interest rates in the U.S. go up, it can make the U.S. dollar stronger. This can affect other countries' money, like the Nigerian naira, and make it weaker.Recently, the rate for a 10-year government bond in the...

The Central Bank of Nigeria (CBN) has warned banks and money changers to accept old and small US dollar bills from customers.This rule comes because many people have said that banks and money changers are not taking these kinds...

The Nigeria Customs Service (NCS) recently increased the exchange rate for import duties to N1508 for every dollar. This is the highest rate in the past three months. Back on March 21, 2024, the rate was N1,572 for every...