Tag: CBN

Current Parallel Market Exchange Rate (Aboki FX) – Dollar to Naira Wondering what the U.S. Dollar is exchanging for against the Naira in the black market today? Here's a breakdown ...

The World Bank projects that Nigeria's inflation rate will average 22.1% in 2025, attributing this anticipated decline to the Central Bank of Nigeria's (CBN) sustained tight monetary policies aimed at ...

If you're wondering how the U.S. dollar (USD) is faring against the Nigerian naira (NGN) on the parallel market today, here’s everything you need to know — especially if you're ...

The Dollar to Naira exchange rates for today, May 5, 2025, have been released, reflecting both the black market (also known as the parallel market) and the official Central Bank ...

The Nigerian Naira continues to struggle under persistent demand pressures in the foreign exchange (forex) market, with the parallel (black) market rate now reflecting deepening economic concerns. As of Tuesday, ...

​In 2024, Nigeria experienced an 8.9% increase in personal remittances, totaling $20.93 billion, according to the Central Bank of Nigeria (CBN). The disclosure was made in a statement released on ...

​In March 2025, the Nigerian naira depreciated by 2.4% at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window and by 2.6% in the parallel market, closing at ₦1,536.82/$ and ₦1,530.00/$ ...

The global oil market has experienced a significant downturn, with crude oil prices plummeting over 12%, reaching approximately $65.50 per barrel. Entrepreneurng reports that this decline follows the imposition of ...

​The Central Bank of Nigeria (CBN) has officially denied reports claiming the introduction of new ₦5,000 and ₦10,000 banknotes. In a statement released on April 2, 2025, the CBN labeled ...

Nigerians secured a total of ₦470 billion in personal loans from banks during the last quarter of 2024, according to the Central Bank of Nigeria (CBN) in its recently released ...