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Exchange Rate


Naira gains at parallel market, trades at N1,500/$

Naira has continued its appreciation streak at the parallel section of the foreign exchange (FX) market. The local currency traded at N1,500/$ on Wednesday, representing a gain of 9.09 percent from N1,650/$ recorded on Monday. Currency traders, known as bureau…


CBN directs BDCs to buy forex at N1,301 per dollar, sell at 1% profit

The Central Bank of Nigeria has announced plans to sell forex to bureau de change operators at N1,301 per dollar. The decision, which aimed to enable the sale of foreign exchange to BDC operators to meet the retail demand for…