Naira to Dollar Rate Today
Market Watch
Naira Appreciates to N1,546.41 in I&E Window Amid Dangote Refinery’s Petrol Distribution Preparations
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
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
Sure, let's rewrite this blog post using simple English that even young kids can understand. I'll also add some examples and demonstrations.
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<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
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
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
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
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...
Market Watch
Currency Outside Banks Drops to N3.66 Trillion in July, Marking 2024’s Largest Decline
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
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
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...
Latest News
Ogun Hunter Discovered Dead with Gunshot Wounds
In Ogun State, something sad happened. On Monday, the police said a hunter named Femi was found dead in...