Dollar-to-Naira Exchange Rates Today — September 8, 2025 Official rate near ₦1,520 mid-market estimate, based on recent data. CBN urges use of licensed institutions amid persistent rate disparities Here’s the latest on USD–NGN exchange rates in Nigeria’s parallel (black) market and the official Central Bank of Nigeria (CBN) rate: Black Market (Parallel Market / Aboki … Read more
Dollar To Naira Rate for Today 6th September 2025. Slight divergence exists between official rates (around ₦1,528) and street-level (₦1,538 sell rate). Market participants remain watchful amid broader economic uncertainty. Abuja, 6 September 2025 – The exchange rate for the U.S. dollar against the Nigerian naira remains relatively stable today as policymakers and market watchers … Read more
Official Naira to Dollar Rate for Today, 2nd September 2025. Analysts attribute the rebound to cautious trading and forex policy measures. Future stability depends on exports, remittances, and foreign investments. The Nigerian naira opened trading today, September 2, 2025, at ₦1,532.68 per US dollar, marking a modest gain of ₦2.39 (0.16%) from Monday’s closing rate … Read more
Official Naira to Dollar Rate for Today – 1st September 2025 Exchange rate shows modest fluctuations but remains relatively steady. Stability signals easing volatility as businesses plan for year-end. The Nigerian Naira remains relatively stable against the U.S. Dollar today, maintaining a rate close to previous sessions. Traders and businesses are watching carefully amid expectations … Read more
The Central Bank of Nigeria (CBN) has granted Bureau de Change (BDC) operators temporary permission to purchase up to $25,000 weekly in foreign exchange from the Nigerian Foreign Exchange Market (NFEM), which was recently launched. EKO HOT BLOG reports that in a circular dated December 19, 2024, and signed by T.G. Allu, on behalf of … Read more
The Central Bank of Nigeria (CBN) has authorised the sale of $20,000 to each Bureau De Change (BDC) operator at an exchange rate of N1,580 per dollar in an effort to increase forex liquidity and satisfy market demand. This was revealed in a statement signed by Dr. W.J. Kanya, Director of the Trade & Exchange … Read more
Eko Hot Blog reports that the Naira on Wednesday showed a remarkable rebound against the US dollar in both the official and parallel markets. The local currency notably strengthened against the greenback, particularly in the black market. This came as the Central Bank of Nigeria announced the final settlements of all valid foreign exchange backlogs, … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has recently sold a record N1.3 trillion in Treasury Bills, with a specific focus on attracting overseas investors. This strategic move is designed to bolster the influx of foreign exchange (forex) into Nigeria, ultimately aiming to fortify the value of the Naira. Lately, the Naira … Read more
EKO HOT BLOG reports that MTN Nigeria Plc has disclosed a staggering pre-tax loss of N177.8 billion for the fiscal year ended December 31, 2023, marking a drastic downturn from the N518.8 billion pre-tax profit reported in the previous year. This loss has led to a complete erasure of the shareholders’ funds, an occurrence that has … Read more
EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has announced the prohibition of cash transactions for Personal Travel Allowance (PTA) and Basic Travel Allowance (BTA). Effective immediately, PTA and BTA disbursements will be exclusively processed through electronic channels. This directive from the CBN aims to enhance transparency and stability within the foreign exchange … Read more
EKO HOT BLOG reports that customers seeking to buy or sell dollars were on Thursday, February 1, stranded as the Foreign exchange black market operators in Abuja, including those at the bustling Wuse Zone 4 market, abruptly stopped trading. Many customers were sent back by the union’s Task Force. EDITOR’S PICKS Trailer Driver Falls Off Lagos-Ibadan … Read more
EKO HOT BLOG reports that the Association of Bureau De Change (BDC) Operators has reportedly decided that members will not open the market for transactions today, 1st February 2024. This online meia platform understands the operators have agreed not to sell US Dollars to customers due to the continued slide in the value of the naira … Read more
EKO HOT BLOG reports that despite the surge in the cost of rice and the recent decision to lift the ban on foreign exchange for its imports, the Nigeria Customs Service has affirmed that rice remains a restricted commodity. Rice, a staple in the Nigerian diet, has experienced a notable increase in price despite local production … Read more
The naira yesterday made a significant gain of N175 to dollar at the parallel market. The naira rebound happened about 24 hours after the Supreme Court judgment affirming President Bola Ahmed Tinubu’s victory at the 2023 Presidential elections. EDITOR’S PICKS ‘Supreme Court Has Failed Nigerians’ – PDP Reacts As To Tinubu’s Victory ‘Supreme Court Verdict … Read more
Eko Hot Blog reports that the Federal Government has reacted to speculations that it has restarted paying fuel subsidy which President Bola Tinubu said was gone. The Group Managing Director of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, who met with the president on Monday at the Presidential Villa, denied allegations making the … Read more
Eko Hot Blog reports that South Africa’s central bank Governor Lesetja Kganyago stated on Thursday that the rand found itself entangled in a global currency realignment beyond the bank’s influence. Kganyago, speaking in a webinar, expressed his primary concern about inflation and emphasized the bank’s monitoring of the exchange rate, particularly when it affects price … Read more
Eko Hot Blog reports that Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), has spoken on his plans to stabilise the country’s foreign exchange (FX) market and slow inflation. Cardoso spoke on Tuesday when he and four CBN deputy governor nominees were screened by the senate. Editors Pick Flash Floods: NiMet Alerts On … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has threatened to sanction banks caught engaging in illegal forex sales. The acting Chairman of the apex bank, Folashodun Shonubi disclosed that plans are underway to form a commission to handle such issues. Editors Pick JUST IN: Tobi Amusan Not Cleared Of Doping – … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association (IPMAN) has asked Nigerians to remain hopeful, saying the Dangote Refinery will save the country billion of dollars, urging that, the government of the country should be made to account for the huge revenue accruing from the subsidy removal. “When Dangote Refinery commences operation, it … Read more
EKO HOT BLOG reports that there are strong indications that the national average price of petrol will rise further as marketers benchmark costs against rising exchange rates. Marketers who spoke to Vanguard yesterday, against the backdrop of continued depreciation of the naira, said the implication would be that their cost has also increased beyond … Read more