It’s no longer at ease with the naira as it shrinks at the black market Friday, May 20, 2022, selling at NGN610 against the United States Dollar. The latest USD/NGN exchange rate isn’t surprising because of the political tension from …
USD/NGN Falls to NGN610 at Black Market May 20, 2022 Read More »
As Nigeria’s two major political parties warm up for primaries ahead of the 2023 general elections, more pressure is on the already pressurised Nigerian currency. It closed at NGN605 against the US dollar on Thursday, May 19, 2022, at the …
USD/NGN Closes at NGN605 May 19, 2022 As Parties’ Primaries Approach Read More »
The foreign exchange market has become a free for all, just as the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has technically abandoned his primary responsibility as the head of the apex bank for a political ambition. …
USD to Naira Exchange Rate May 12, 2022 As Naira Depreciates Further Read More »
As the 2023 presidential election becomes intense by the hours, it is clear that the political audacity of the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele will cause more havoc to Nigeria’s monetary system. The CBN governor …
The forex market is the most dynamic market in Nigeria and, of course, around the world. Today, Wednesday, May 4, 2022, there were slight changes as buy/sell reaches NGN580/NGN590 at the close of trading. Many factors are responsible for the …
USD/NGN Exchange Rate May 4, 2022, At Close of Trading Read More »
Cryptocurrency Peer-To-Peer trading in Nigeria continues to surge. And of course, that has impacted the exchange rate on popular P2P platform in Nigeria. At the time of publication, a US dollar is worth between NGN590 to NGN591 on Binance P2P …
On Thursday, February 10, 2022, the governor of the Central Bank of Nigeria (CBN) disclosed that the apex bank would stop selling forex to banks. The new FX policy, according to Godwin Emefiele, would begin before the end of 2022, …
Pros and Cons of CBN’s Decision To Stop Selling Forex To Banks Read More »
On Wednesday, January 26, 2022, the US dollar traded at NGN575 at the parallel market while hyperinflation has made the value of the Nigerian currency worthless in its purchasing power. As a result of this and other issues, the Chief …
Why You Should Not Store Your Money in Naira – NESG DG Read More »
In 1972, one U.S. dollar to naira was N0.658, meaning the Nigerian currency was strong against the USD and other foreign exchange. Today, the naira is in bad shape. At the time of this update, $1 is valued at N415 …
Timeline of CBN Exchange Rate From 1972 Till Date Read More »
The parallel market exchange rate of the US dollar to Naira was N540/N530 (buy/sell) at the time of this report on Friday, November 12, 2021. The market is still trying to adjust to the policy of the Central Bank of …
Exchange US Dollar to Naira Daily Parallel Market Rate Read More »
