Naira to Dollar Rate Today
Market Watch
Naira Settles at N1,625.13 in I&E Window as Market Turnover Decreases
On October 9, 2024, Nigeria’s money called the naira lost some value when compared to the U.S. dollar. It ended the day at N1,625.13. This happened because oil prices, which many countries depend on, went down a bit to...
Market Watch
Naira Gains Value in Official Market
The strength of the naira has brought a small break for Nigeria’s currency and its markets after a bad slump. On Wednesday, at the official trading spot, things got a bit better compared to before.On Tuesday, the naira became...
Market Watch
Kenyan Shilling Strengthens by 17% Following Two Interest Rate Reductions in 2024—Impact on Inflation Examined
In Kenya, the money people use, called the shilling, became 17% more powerful compared to the US dollar this year. The Central Bank of Kenya, which is like the country's big money helper, lowered the cost of borrowing money....
Market Watch
Naira Strengthens to N1,561 at I&E Window as Oil Prices Maintain Stability Above $77
The money used in Nigeria, called the naira, got stronger against the U.S. dollar. At a special official place where people exchange money, one dollar now equals N1,561.76 naira. This happened because the price of oil, which is a...
Market Watch
All-Share Index Declines 0.12% Despite Trading Surge, Closes Tuesday in Negative Territory
On October 8, 2024, the Nigerian stock market did not perform well. The All-Share Index (ASI), which tells us how the market is doing, went down by 0.12%.We saw the ASI drop by 121.89 points, landing at 97,584.81. Even...
Market Watch
Report Predicts Naira Stabilization Against Dollar in Fourth Quarter of 2024
The value of Nigeria's money, called the naira, is predicted to become steady compared to the US dollar by the end of 2024. It will be in a strong position by then.This prediction comes from a new report by...
Market Watch
Naira Gains 1.69% in I&E Window as Global Crude Prices Near $80
On October 4, 2024, the money called naira got a little stronger against the U.S. dollar. It ended the day at N1,631.21 when people exchanged money. This happened while the world oil price was thinking about reaching $80 per...
Market Watch
CBN Sold $543.5 Million in Foreign Exchange to Nigerian Banks in September to Curb Volatility
The Central Bank of Nigeria (CBN) told everyone that they gave $543.5 million to certain banks between September 6 and September 30.Omolara Duke, who works at the CBN, said this happened over 11 days in a way that lets...
Market Watch
BDCs Claim IMTOs Are Undermining External Remittances and Causing Dollar Scarcity in the Parallel Market
In Nigeria, the people who sell and exchange money, called Bureau De Change (BDC) operators, say that the value of the Naira has gone down because there is less foreign money available. This is happening because places where they...
Market Watch
Naira Strengthens Against Dollar, Closing at N1,659.26 in I&E Window
On October 3, 2024, Nigeria's money, called the naira, became a little stronger compared to the U.S. dollar. It was worth N1,659.26 at the end of the day when people were exchanging money in the official Investor and Exporter...
Latest News
30% of Lagos residents live with hypertension
The Lagos State Commissioner for Health, Akin Abayomi, has revealed that 30 per cent of residents in the state...