Dollar-to-Naira Exchange Rate — September 9, 2025 Black market trades higher at ₦1,510 to ₦1,525 per dollar. FX shortages continue to widen the gap between official and parallel rates The value of the US dollar against the Nigerian naira remains a key concern for both businesses and individuals. Today’s rates show moderate movement across both … 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 declined against the dollar in both the official and parallel foreign exchange markets, closing the week with a downward trend. According to FMDQ data, the naira slightly weakened to N1,541.68 per dollar on Friday, compared to N1,541.38 on Thursday, reflecting a loss of N0.3. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and … Read more
The price of refilling Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has shown significant fluctuations across Nigeria this week, with consumers facing varying costs of between ₦1,300 and ₦1,500 per kilogram. This inconsistency is attributed to a combination of seasonal demand, transportation challenges, and global market influences. EDITOR’S PICKS PDP Declares Ethiope East … Read more
The price of Brent crude oil has dropped below $70 per barrel for the first time since December 2021, raising concerns about a global economic slowdown. This steep decline in oil prices is expected to put additional pressure on the Nigerian naira, which has recently depreciated to N1,600 per US dollar. EKO HOT BLOG gathered … Read more
The Nigerian presidency has addressed recent concerns regarding the country’s debt situation under President Bola Tinubu. Contrary to reports suggesting an increase in Nigeria’s debt, the presidency revealed that the nation’s debt stock actually fell by 15% in dollar terms during the first quarter of 2024. This clarification was provided by Dada Olusegun, Special Assistant … 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 cleared the $7 billion foreign exchange (FX) backlog which was pending when Yemi Cardoso took over as the Governor of the apex bank. This development was announced in a statement on Wednesday by the CBN Acting Director of Corporate Communications, Hakama Sidi Ali. … Read more
Eko Hot Blog reports that the Central Bank of Nigeria (CBN) has announced that the 294th meeting of the Monetary Policy Committee (MPC) will be held on Monday, March 25, 2024. The apex bank announced this information on its official X handle on Tuesday. The event will take place at the CBN headquarters in Abuja, … Read more
Eko Hot Blog reports that the President of the African Development Bank (AfDB), Akinwunmi Adesina, has said that he sympathises with President Bola Ahmed Tinubu’s government over the country’s economic challenges. Adesina pledged the sum of $1.8bn in budget as support, saying that about $1bn out of the amount will be issued as a concessionary … Read more
Eko Hot Blog reports that the 10th Senate under the leadership of Godswill Akpabio, has announced the need to reexamine the 2024 national budget, which currently stands at N28.77 trillion, following the continuous depreciation of the Naira against the US dollar. This reassessment aims to address the economic implications of the fluctuating exchange rate on … Read more
Eko Hot Blog reports that the Economic and Financial Crimes Commission (EFCC) has disclosed that it has set up a Special Task Force in all its Zonal Commands to tackle the ‘dollarization’ of the economy. It added that it has invited proprietors of private universities and other institutions of higher learning in Nigeria charging fees … Read more
Eko Hot Blog reports that, in the nine months leading up to September 30th, 2023, the three tiers of government recorded a total income of N1.05 trillion from exchange rate gains deposited into the Federation Account. This surge was prompted by a 71% depreciation of the naira during that period.reports that, in the nine months … Read more