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Historical Exchange Rates of Dollar to Naira from 1972 to date

The currency in Nigeria is called the naira, which is divided into 100 kobo. It was introduced in 1973 when the country switched to a decimalized monetary system. The naira replaced the Nigerian pound, which was previously used when Nigeria was a British colony

Naira Gains in Forex Market Sustainable - ABCON

The Association of Bureaux De Change Operators of Nigeria says the Naira's return to the growth path is sustainable because the recent devaluation experienced is artificial. The President of ABCON, Dr Aminu Gwada, disclosed this in a statement on Saturday.

Naira depreciates against Dollar

Nigeria's currency started the week negatively, depreciating against the Dollar at the foreign exchange market. According to FMDQ statistics, at the close of work day on Monday, the Naira fell to N993/$1. The slump represented an N203 differential from the

BREAKING: Naira Further Strengthens Against Dollar, Appreciates To N786.02/$1 At Official Market

The Nigerian naira demonstrated a remarkable appreciation against the dollar, closing at N786.02/$1 at the official market on Wednesday, November 1. This signifies a substantial 3.73% increase from the previous day's rate of N815.32/$1. Notably, the day saw

Naira slumps against Dollar

Nigeria's currency, the Naira, depreciated further against the US Dollar in the foreign exchange market on Wednesday. Data from the official FMDQ market indicated that the Naira closed on Wednesday at N874.71 per US Dollar, reflecting a decrease of N65.51

Naira appreciates against dollar in official window, falls in black market

The dollar rate in the investors' and exporters' window of the official market closed down on Friday, as the value of the naira increased by 2.96 per cent, according to foreign exchange data obtained by FMDQ Exchange. According to the data, the price of the

Naira Continues to Depreciate Against Dollar, Exchanges N1,050/$1

The report revealed that naira is currently selling at the rate of N1,050 to the dollar. The naira has continued to depreciate against the dollar at the parallel market according to Nigerian Tribune. The report revealed that naira is currently selling at the

Naira slips further at black market

Naira depreciated at the unofficial market on Wednesday to N1,050 per $1. The Naira fell substantially against the United States dollar at the unofficial market on Wednesday, market data published by AbokiFX, a website that collates market data in Lagos, showed

Naira Makes Remarkable Recovery in Official Black Market After FG's Threat to Tax Parallel Market

The naira made a marginal recovery on Wednesday, October 25, 2023, after days of freefall at both the official NAFEM and parallel markets. The local currency had tumbled to N1,310 to the dollar in the parallel market, sparking fear among Nigerians that it

Naira Regains Value In Exchange For US Dollar For First Time In A Month

Nigeria's currency, the Naira, on Wednesday, regained some value in exchange for the United States (US) Dollar at the black market. Torizone learnt that at yesterday's trading, the black-market exchange rate was N1,300 per dollar, representing a 0.76% increase

FG plans to fill the gap between Naira/ Dollars on Forex market

In order to support the continuous estimate of NAIRA compared to the dollar, as it reached the minimum record in third place, and reached a record of $ 1,310/dollars, the federal government began the moves to fill the gap. Our correspondent has learned from

What's The Real Value of the Naira?

Based on wetin I dey see, the real value of the dollar should be pegged at around N3000 . Some say it could even be N5000 . The Nigerian government has been using money to suppress and delay it, but it's definitely headed there. Now, the problem is not the

Naira strengthens further as dollar liquidity rises by 92.92%

The official foreign exchange (FX) market recorded a significant increase in dollar liquidity, which helped to strengthen the naira further on Tuesday. Nigerian Naira gained 3.71 percent as the dollar was quoted at N806.73 on Tuesday compared to N837.77 quoted

Black Market Dollar To Naira Exchange Rate Today 15th February 2024

What is the Dollar to Naira Exchange rate at the black market, also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 14th February below. The exchange rate for a dollar to naira at Lagos Parallel Market (Black

Reactions As Naira Rises Against USD Again At Official Market

As reported by Newsmen, the naira experienced a slight appreciation against the United States dollar, reaching N1,609 on Wednesday at the official market, compared to the previous day's N1,615.94, marking a 0.37% increase or N6. This modest improvement follows

Dollar To Naira Rate Today January 19th, 2024

What is the black market Dollar to Naira exchange rate today 19th January, 2024? The Eagle reports that the unofficial trading market (black market) operators in Lagos and Abuja are trading Dollar to Naira at N1340/$ today, 19th January, 2024. The local currency

Naira appreciates massively against US dollar at forex market

The Naira appreciated massively against the US Dollar at the foreign exchange market on Tuesday. Data from FMDQ showed that the Naira depreciated to N878.61 on Tuesday from N925.45 on Monday. The figure represents N46.73 gain or a 5.05 per cent gain to close