Dollar to Naira Exchange Rate Today, 5th September 2025 Black market rate hits ₦1,538, widening gap with official window. Analysts link depreciation to inflation, imports, and weak oil revenues The Naira continues to face pressure against the United States Dollar as Nigeria’s foreign exchange market remains volatile. On Friday, 5 September 2025, the local currency … Read more
Dollar to Naira Exchange Rate Today, September 3, 2025 CBN official rates close lower, ranging between ₦1,530 and ₦1,522. Exchange rate fluctuations highlight forex supply and demand pressures nationwide. The exchange rate between the United States Dollar (USD) and the Nigerian Naira (NGN) continues to fluctuate as traders, investors, and ordinary Nigerians monitor the value … Read more
The naira strengthened against the dollar on the parallel foreign exchange market on Wednesday. Bello, a Bureau de Change operator at Garki, Abuja, confirmed to EKO HOT BLOG that the naira traded at N1,660 per dollar, improving from N1,675 on Tuesday, marking a gain of N15. EDITOR’S PICKS PDP Declares Ethiope East Federal Seat Vacant … Read more
The exchange rate between the naira and the US dollar fell to approximately N1,745/$1 on the parallel market on Wednesday, marking a sharp decline from the N1,600/$1 levels recorded at the end of last week. On various platforms, peer-to-peer (P2P) exchanges quoted rates as low as N1,715/$, while some International Money Transfer Operators reported rates … Read more
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) shift to collecting charges, fees, fines, and other payments in Naira instead of foreign currencies. This announcement was made by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, during a briefing … Read more
The FMDQ forex market recorded a turnover of just $61.9 million, marking the lowest since January 2024. This figure is the second-lowest daily average turnover this year, following the $59.6 million recorded on January 8, 2024. EKO HOT BLOG learnt that in January, forex turnover was notably low as the central bank grappled with strategies … Read more
EFCC targets BDC operators in major Nigerian cities. Raids have disrupted trading and contributed to the naira’s high exchange rate. The Association of Bureau De Change Operators confirmed the raids affected both street traders and some registered operators. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has intensified its crackdown on Bureau … Read more
EFCC apprehends 34 individuals for suspected involvement in forex fraud in Abuja. Coordinated sting operation targets currency speculation activities impacting Nigeria’s economy. Arrests underscore EFCC’s commitment to stabilizing and regulating the forex market. EKO HOT BLOG reports that the Economic and Financial Crimes Commission (EFCC) has apprehended 34 individuals suspected of engaging in foreign exchange fraud … Read more
Experts foresee mid-year price drop, offering hope amid high living costs. Calls for CBN to lower dollar rate and consumer protection efforts aim to ease financial burdens. Optimism rises with planting season and government initiatives, hinting at lower commodity prices. EKO HOT BLOG reports that as the Nigerian economy navigates through various challenges, experts foresee a … Read more
Nigerian Naira depreciates against US dollar, reaching N1,309.39 per dollar. Despite depreciation, trading volume surges to $857.78 million, doubling from previous day. Investor’s and Exporters’ window sees Naira fluctuating between N1,392 and N1,250 against dollar, amid market volatility. EKO HOT BLOG reports that the Nigerian Naira has witnessed a decline in value against the US dollar … Read more