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Naira Struggles as Dollar Trades at ₦1,640 in Black Market

The dollar to naira exchange rate remains volatile, with traders at the Lagos parallel market buying at ₦1,630 and selling at ₦1,640 as of...

Naira Struggles as Dollar Rates Swing Across Markets

Nigeria’s foreign exchange market continues to witness fluctuations as the Naira opened at ₦1,521.94/$1 on January 30 but strengthened slightly to ₦1,474.78/$1 by January...

Naira Struggles as Dollar Hits ₦1,628 in Black Market

Nigeria’s foreign exchange market continues to witness sharp fluctuations as the naira faces intense pressure. According to data from the FMDQ Securities Exchange, the...

Naira Struggles as Dollar Climbs Higher

Nigeria’s exchange rate continues its turbulent ride, with the Naira taking a hit in both official and parallel markets. According to data from FMDQ...

Dollar Hits ₦1,640 in Black Market

As of January 28, 2025, reports indicate that in the Lagos parallel market, commonly known as the black market, the U.S. dollar is being...

CBN Launches FX Code to Boost Market Integrity

The Central Bank of Nigeria (CBN) has unveiled the Nigeria Foreign Exchange (FX) Code to strengthen the nation’s foreign exchange market and address emerging...

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