CBN Extends Deadline for BDC Operators’ Recapitalization to June 2025
The Central Bank of Nigeria (CBN) has extended the deadline for the recapitalization of Bureau De Change (BDC) operators by...
Today’s Dollar Exchange Rate in Nigeria: 1 USD = ₦1520.813 (See Full Rates)
The US dollar to Naira exchange rate has experienced a notable decrease today, July 8, 2024, with 1 USD now...
Naira Falls To N763 At I&E, N776 At Black Market
The rate of the naira depreciated to N763.17 against the dollar at the Investors and Exporters window of the foreign exchange market on Wednesday.
CBN Lifts Cash Deposit Restriction On Domiciliary Accounts
The Central Bank of Nigeria has lifted the cash deposit restriction of domiciliary accounts, OduNews reports.
CBN Restates Ban On Access To Forex For Importation Of Rice, Meat, Others
The Central Bank of Nigeria says access to forex is still banned for the importation of some goods.
BREAKING: Dollar Officially Trades For N755/$ As CBN Orders Banks To Trade Freely
The naira traded for N755 per dollar at the Investors' & Exporters' Window of the foreign exchange market.
Naira Hits N750/$ At P2P, N463 At Official Market
The naira exchanged for N750 against the dollar at the peer-to-peer market segment while trading for N463.44 at the Investors & Exporters window.
Nigeria’s External Reserves Fall By $1.4bn
The Central Bank of Nigeria says the country's external reserves fell by $1.4 billion between January and March 2023.
Naira Waxes Stronger At Parallel, P2P, I&E FX Markets
The value of the naira appreciated against the dollar across the foreign exchange markets, OduNews reports.
Naira Falls To N461 Per Dollar At I&E Window
The value of the naira fell to N461 per dollar at the Investors & Exporters (I&E) window of the foreign exchange market, OduNews reports.
Naira Rises To N461 Per Dollar At Official Market
The value of the naira rose to N461.17 per dollar in the Investors and Exporters segment of the foreign exchange market, OduNews reports.
Naira Gains At Black Market Amid Inflow Of Forex
The naira appreciated against the dollar at the parallel market segment of the foreign exchange market.
Naira Rises To N450.58 Per Dollar At I&E, N742 At Black Market
The rate of the naira to the dollar rose across the foreign exchange market segments on Thusday, OduNews reports.
Marketers Blame Fuel Scarcity On Forex
The Independent Petroleum Association of Nigeria has suggested that a lack of petroleum products and difficulty accessing foreign exchange may...
Naira Appreciates To N740 Per Dollar At Black Market
The Naira appreciated significantly at the Peer-to-peer and parallel markets on Thursday selling between N740 and N750 per dollar.
Forex Crisis Worsens As Naira Hits N880/$ At Black Market
The free-fall of the naira against the dollar took a new turn on Thursday as it traded for N880 per dollar at the black market.
Naira Crashes To N810 Per Dollar At Black Market
The Naira continued its free fall at the parallel market on Monday as it exchanged for N815 per dollar, OduNews reports.
Naira Crashes To N765 Per Dollar At Black Market
The Nigerian currency, naira, has crashed further at the black market to N765 per dollar on Tuesday, OduNews can confirm
Bank Of America Says Naira May Devalue By 20% In 2023
The Bank of America says the Nigerian currency is 20% overvalued against the dollar and this is expected to balance up by 2023.
FG Considers Special Forex Window For Manufacturers
The Federal Government says it is considering creating a separate and special foreign exchange window for exporting manufacturers.