Exchange Rate – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Tue, 26 May 2026 13:21:59 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Exchange Rate – InfoStride News https://www.theinfostride.com 32 32 Naira Strengthens Against Dollar, Closes Week at ₦1,534.72 https://www.theinfostride.com/naira-strengthens-against-dollar-closes-week-at-%e2%82%a61534-72/ https://www.theinfostride.com/naira-strengthens-against-dollar-closes-week-at-%e2%82%a61534-72/#respond Tue, 26 May 2026 13:20:11 +0000 https://www.theinfostride.com/?p=463186 The Naira concluded the week on a more positive note, trading at ₦1,534.72 to the U.S. dollar in the official market—a modest but meaningful improvement from the ₦1,550 average recorded earlier in the week. The currency’s uptick is being attributed to increased liquidity in the foreign exchange market, tighter regulatory oversight, and measured intervention by [...]

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]]> https://www.theinfostride.com/naira-strengthens-against-dollar-closes-week-at-%e2%82%a61534-72/feed/ 0 Naira Opens Week on a Weaker Note, Trades at ₦1,533/$ https://www.theinfostride.com/naira-opens-week-on-a-weaker-note-trades-at-%e2%82%a61533/ https://www.theinfostride.com/naira-opens-week-on-a-weaker-note-trades-at-%e2%82%a61533/#respond Thu, 25 Dec 2025 10:07:48 +0000 https://www.theinfostride.com/?p=465413 The Nigerian naira began the new trading week on a weaker footing, exchanging at ₦1,533 per United States dollar at the official foreign exchange window. The development underscores persistent volatility in the foreign exchange market despite ongoing reforms aimed at stabilising the currency and boosting investor confidence. Data from the Nigerian Autonomous Foreign Exchange Market [...]

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]]> https://www.theinfostride.com/naira-opens-week-on-a-weaker-note-trades-at-%e2%82%a61533/feed/ 0 Naira Dips for Third Consecutive Day to N1,473.29 per Dollar https://www.theinfostride.com/naira-dips-for-third-consecutive-day-to-n1473-29-per-dollar/ https://www.theinfostride.com/naira-dips-for-third-consecutive-day-to-n1473-29-per-dollar/#respond Thu, 16 Oct 2025 13:33:11 +0000 https://www.theinfostride.com/?p=469235 The Nigerian naira continued its downward trajectory on Tuesday, weakening for the third consecutive day against the U.S. dollar at the official foreign exchange market. According to data from the FMDQ Securities Exchange, which oversees official FX trading, the naira closed at N1,473.29 per dollar, down from N1,468.99 recorded on Monday.The local currency’s continued depreciation [...]

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]]> https://www.theinfostride.com/naira-dips-for-third-consecutive-day-to-n1473-29-per-dollar/feed/ 0 $1 Trillion Economy Goal Nigeria Needs 21.9% Growth, N1,500/$ Exchange Rate — Afrinvest https://www.theinfostride.com/1-trillion-economy-goal-nigeria-needs-21-9-growth-n1500-exchange-rate-afrinvest/ https://www.theinfostride.com/1-trillion-economy-goal-nigeria-needs-21-9-growth-n1500-exchange-rate-afrinvest/#respond Mon, 15 Sep 2025 18:13:53 +0000 https://www.theinfostride.com/?p=466648 Nigeria’s ambition to achieve a $1 trillion economy by the end of the decade will require a minimum of 21.9% annual economic growth, with an exchange rate of about N1,500 to the US dollar, according to projections from Afrinvest, a leading investment and financial advisory firm. The projection underscores both the scale of the country’s [...]

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]]> https://www.theinfostride.com/1-trillion-economy-goal-nigeria-needs-21-9-growth-n1500-exchange-rate-afrinvest/feed/ 0 Naira Closes July at ₦1,533.55/$, Dips by 0.25% https://www.theinfostride.com/naira-closes-july-at-%e2%82%a61533-55-dips-by-0-25/ https://www.theinfostride.com/naira-closes-july-at-%e2%82%a61533-55-dips-by-0-25/#respond Fri, 01 Aug 2025 12:20:58 +0000 https://www.theinfostride.com/?p=463732 The Nigerian naira ended the month of July 2025 on a slightly weaker note, closing at ₦1,533.55 per dollar at the official market, reflecting a 0.25% decline from the previous month. The marginal depreciation underscores persistent pressures on Nigeria’s foreign exchange market despite various monetary interventions by the Central Bank of Nigeria (CBN). According to [...]

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]]> https://www.theinfostride.com/naira-closes-july-at-%e2%82%a61533-55-dips-by-0-25/feed/ 0 Naira Weakens to ₦1,532.34 Per Dollar Despite CBN Support https://www.theinfostride.com/naira-weakens-to-%e2%82%a61532-34-per-dollar-despite-cbn-support/ https://www.theinfostride.com/naira-weakens-to-%e2%82%a61532-34-per-dollar-despite-cbn-support/#respond Mon, 21 Jul 2025 12:59:04 +0000 https://www.theinfostride.com/?p=462533 The Nigerian naira experienced another dip against the United States dollar at the official foreign exchange window, closing the week at ₦1,532.34/$ despite continued intervention efforts by the Central Bank of Nigeria (CBN). This slight depreciation underscores the persistent volatility facing the nation’s currency amid efforts by the monetary authority to stabilize the foreign exchange [...]

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]]> https://www.theinfostride.com/naira-weakens-to-%e2%82%a61532-34-per-dollar-despite-cbn-support/feed/ 0 Naira Records Slight Gain Amid National Mourning for Former President Buhari https://www.theinfostride.com/naira-records-slight-gain-amid-national-mourning-for-former-president-buhari/ https://www.theinfostride.com/naira-records-slight-gain-amid-national-mourning-for-former-president-buhari/#respond Sat, 19 Jul 2025 15:06:54 +0000 https://www.theinfostride.com/?p=462393 The naira made a slight gain at the official market as Nigeria entered a period of national mourning following the death of former President Muhammadu Buhari. According to data from the Central Bank of Nigeria, the local currency appreciated to ₦1,532.34 per US dollar, representing a modest improvement of 77 kobo compared to the previous [...]

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]]> https://www.theinfostride.com/naira-records-slight-gain-amid-national-mourning-for-former-president-buhari/feed/ 0 Exchange rate for Customs duties collection drops by N43 as Naira strengthens https://www.theinfostride.com/exchange-rate-for-customs-duties-collection-drops-by-n43-as-naira-strengthens/ https://www.theinfostride.com/exchange-rate-for-customs-duties-collection-drops-by-n43-as-naira-strengthens/#respond Wed, 24 Jul 2024 18:24:51 +0000 https://www.theinfostride.com/?p=384931 The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has declined from N1,584/$ on the 22nd of July to N1,541/$ today representing a drop of N43. The decline in the customs exchange rate comes on the heels of the recent appreciation of the naira on the official market. Data from FMDQ [...]

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]]> https://www.theinfostride.com/exchange-rate-for-customs-duties-collection-drops-by-n43-as-naira-strengthens/feed/ 0 Exchange rate falls to lowest in 5 weeks as it closes in on N1,500/$1 https://www.theinfostride.com/exchange-rate-falls-to-lowest-in-5-weeks-as-it-closes-in-on-n1500-1/ https://www.theinfostride.com/exchange-rate-falls-to-lowest-in-5-weeks-as-it-closes-in-on-n1500-1/#respond Thu, 27 Jun 2024 11:08:09 +0000 https://www.theinfostride.com/?p=381645 The exchange rate between the naira and the dollar fell to a six-week low on Monday, closing at N1,490.2/$1, just N10 shy of hitting N1,500/$1. This is according to official data from the FMDQ, where currencies are traded officially. The exchange rate has remained stable throughout June, oscillating between N1,470 and N1,480/$1. The latest slide [...]

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]]> https://www.theinfostride.com/exchange-rate-falls-to-lowest-in-5-weeks-as-it-closes-in-on-n1500-1/feed/ 0 Exchange rate drops to N1,500.79/$1, lowest level since May https://www.theinfostride.com/exchange-rate-drops-to-n1500-79-1-lowest-level-since-may/ https://www.theinfostride.com/exchange-rate-drops-to-n1500-79-1-lowest-level-since-may/#respond Wed, 26 Jun 2024 22:30:09 +0000 https://www.theinfostride.com/?p=381551 The naira has weakened further against the US Dollar, falling to N1,500.79/$1 on the official market on June 25, 2024.   This marks the lowest exchange rate since May 16, 2024, when it was recorded at N1,533.99/$1.   According to the FMDQ data for the NAFEM window, the naira’s depreciation on June 25 represents a 0.71% decline [...]

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]]> https://www.theinfostride.com/exchange-rate-drops-to-n1500-79-1-lowest-level-since-may/feed/ 0 Companies pay less tax in the first quarter of 2024 as economy worsens https://www.theinfostride.com/companies-pay-less-tax-in-the-first-quarter-of-2024-as-economy-worsens/ https://www.theinfostride.com/companies-pay-less-tax-in-the-first-quarter-of-2024-as-economy-worsens/#respond Fri, 21 Jun 2024 11:48:46 +0000 https://www.theinfostride.com/?p=381001 A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income tax payment by companies in manufacturing, agriculture and 12 others declined by a minimum of 16%.   In total, CIT payments by companies in 14 out of 21 sectors decreased during the first three months of [...]

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]]> https://www.theinfostride.com/companies-pay-less-tax-in-the-first-quarter-of-2024-as-economy-worsens/feed/ 0 FG Seeks $10 Billion to Stabilize Exchange Rate Amid Naira Decline https://www.theinfostride.com/fg-seeks-10-billion-to-stabilize-exchange-rate-amid-naira-decline/ https://www.theinfostride.com/fg-seeks-10-billion-to-stabilize-exchange-rate-amid-naira-decline/#respond Wed, 21 Feb 2024 20:41:02 +0000 https://www.theinfostride.com/?p=371298 In response to the recent depreciation of the naira, the Federal Government has initiated efforts to secure $10 billion with the aim of stabilizing the exchange rate. This move underscores the government’s commitment to addressing the challenges posed by the fluctuating currency value and maintaining economic stability. The decline of the naira has been a [...]

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]]> https://www.theinfostride.com/fg-seeks-10-billion-to-stabilize-exchange-rate-amid-naira-decline/feed/ 0 Cargo Clearance Exchange Rate Soars to N1,605/$ https://www.theinfostride.com/cargo-clearance-exchange-rate-soars-to-n1605/ https://www.theinfostride.com/cargo-clearance-exchange-rate-soars-to-n1605/#respond Wed, 21 Feb 2024 19:01:11 +0000 https://www.theinfostride.com/?p=371263 In a recent development with significant implications for trade and commerce, the exchange rate for cargo clearance has surged to N1,605 against the US dollar. This sharp increase raises concerns about the potential impact on import costs, supply chain dynamics, and the overall economic landscape. The substantial rise in the exchange rate for cargo clearance [...]

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]]> https://www.theinfostride.com/cargo-clearance-exchange-rate-soars-to-n1605/feed/ 0 Customs Agents Mull Shutdown Over Rising Exchange Rate https://www.theinfostride.com/customs-agents-mull-shutdown-over-rising-exchange-rate/ https://www.theinfostride.com/customs-agents-mull-shutdown-over-rising-exchange-rate/#respond Wed, 14 Feb 2024 22:01:57 +0000 https://www.theinfostride.com/?p=370423 Customs agents are reportedly considering a shutdown in response to the rising exchange rate, signaling concerns within the customs brokerage industry. This development has implications for trade facilitation, supply chains, and the broader logistics sector. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specific challenges faced by [...]

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]]> https://www.theinfostride.com/customs-agents-mull-shutdown-over-rising-exchange-rate/feed/ 0 Exchange Rate Hits New Low as Supreme Court Validates President Tinubu’s Election Triumph https://www.theinfostride.com/exchange-rate-hits-new-low-as-supreme-court-validates-president-tinubus-election-triumph/ https://www.theinfostride.com/exchange-rate-hits-new-low-as-supreme-court-validates-president-tinubus-election-triumph/#respond Fri, 27 Oct 2023 07:52:21 +0000 https://www.theinfostride.com/?p=358434 Infostride News witnessed a decline in the exchange rate in Nigeria, affecting both the official and parallel markets on the day the Supreme Court upheld Bola Ahmed Tinubu’s victory in the presidential election. This event triggered various reactions in the financial and political landscape of the country. In the parallel market, where traders provide unofficial [...]

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]]> https://www.theinfostride.com/exchange-rate-hits-new-low-as-supreme-court-validates-president-tinubus-election-triumph/feed/ 0 Investors Anxious as Soaring Exchange Rates Threaten Dividends https://www.theinfostride.com/investors-anxious-as-soaring-exchange-rates-threaten-dividends/ https://www.theinfostride.com/investors-anxious-as-soaring-exchange-rates-threaten-dividends/#respond Fri, 27 Oct 2023 07:47:56 +0000 https://www.theinfostride.com/?p=358431 Shareholders of Nigerian companies holding foreign loans have voiced their deep concerns over the adverse impact of the escalating exchange rate on their anticipated dividends. The ongoing depreciation of the naira is resulting in elevated costs for businesses involved in importing essential raw materials and equipment, ultimately burdening consumers who are forced to bear the [...]

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]]> https://www.theinfostride.com/investors-anxious-as-soaring-exchange-rates-threaten-dividends/feed/ 0 Exchange Rate Is Killing Businesses In Nigeria – Mabel Makun https://www.theinfostride.com/exchange-rate-is-killing-businesses-in-nigeria-mabel-makun/ https://www.theinfostride.com/exchange-rate-is-killing-businesses-in-nigeria-mabel-makun/#respond Wed, 25 Oct 2023 20:32:43 +0000 https://www.theinfostride.com/?p=358191 Popular businesswoman, Mabel Makun has come out to rant about the state of Nigeria. She recently had her say via her social media page, and fans have been reacting. According to her, she has never been this afraid for her dear nation, and it is clear the current exchange rate is killing businesses in the [...]

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]]> https://www.theinfostride.com/exchange-rate-is-killing-businesses-in-nigeria-mabel-makun/feed/ 0 Exchange rate concludes a tumultuous week with an elusive bottom in sight https://www.theinfostride.com/exchange-rate-concludes-a-tumultuous-week-with-an-elusive-bottom-in-sight/ https://www.theinfostride.com/exchange-rate-concludes-a-tumultuous-week-with-an-elusive-bottom-in-sight/#respond Fri, 20 Oct 2023 22:06:20 +0000 https://www.theinfostride.com/?p=357773 The exchange rate between the Nigerian naira (NGN) and the United States dollar (USD) witnessed a dramatic decline, marking one of the worst weeks in recent history for both the official Nigerian Autonomous Foreign Exchange Market (NAFEM) and the parallel market, as reported by Infostride News. The official NAFEM closed the week with an exchange [...]

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]]> https://www.theinfostride.com/exchange-rate-concludes-a-tumultuous-week-with-an-elusive-bottom-in-sight/feed/ 0 Official exchange rate at N790.68, black market gap widens to 28% https://www.theinfostride.com/official-exchange-rate-at-n790-68-black-market-gap-widens-to-28/ https://www.theinfostride.com/official-exchange-rate-at-n790-68-black-market-gap-widens-to-28/#respond Wed, 18 Oct 2023 22:57:22 +0000 https://www.theinfostride.com/?p=357537 The exchange rate between the Nigerian naira and the United States dollar demonstrated some signs of strength as it closed at N790.68 at the end of trading on Wednesday, October 18, 2023. This significant development comes as a result of data sourced from FMDQ, which is a prominent platform for foreign exchange trading and the [...]

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]]> https://www.theinfostride.com/official-exchange-rate-at-n790-68-black-market-gap-widens-to-28/feed/ 0 Exchange Rate Soars: Hits N1040 on Parallel Market https://www.theinfostride.com/exchange-rate-soars-hits-n1040-on-parallel-market/ https://www.theinfostride.com/exchange-rate-soars-hits-n1040-on-parallel-market/#respond Thu, 12 Oct 2023 22:40:53 +0000 https://www.theinfostride.com/?p=356884 The exchange rate dynamics in Nigeria have witnessed a disconcerting trend in recent times, with the naira consistently losing ground against the US dollar. This depreciation has been exacerbated by the persistent disparity between the official and parallel markets. As of the latest reports obtained from InfoStride News, the exchange rate has plunged to N1,040 [...]

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]]> https://www.theinfostride.com/exchange-rate-soars-hits-n1040-on-parallel-market/feed/ 0 Immediate Key Economic Policies of President Bola Tinubu’s Administration https://www.theinfostride.com/immediate-key-economic-policies-of-president-bola-tinubus-administration/ https://www.theinfostride.com/immediate-key-economic-policies-of-president-bola-tinubus-administration/#respond Mon, 29 May 2023 15:24:22 +0000 https://www.theinfostride.com/?p=347898 President Bola Ahmed Tinubu has just been sworn in today as Nigeria’s new president. In his inaugural speech, President Tinubu highlighted his areas of focus and hit the ground running specifically mandating the following key economic policies of the new government: Fuel Subsidy is gone. Commodity Boards to be reintroduced. Multiple exchange rates are to be [...]

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]]> https://www.theinfostride.com/immediate-key-economic-policies-of-president-bola-tinubus-administration/feed/ 0 Exchange rate crisis drops foreign investor participation in stock market to 16.8% https://www.theinfostride.com/exchange-rate-crisis-drops-foreign-investor-participation-in-stock-market-to-16-8/ https://www.theinfostride.com/exchange-rate-crisis-drops-foreign-investor-participation-in-stock-market-to-16-8/#respond Thu, 15 Dec 2022 08:37:28 +0000 https://www.theinfostride.com/?p=337917 Nigeria’s exchange rate crisis had crashed foreign investor participation in the stock market to just 16.8% when compared to their domestic counterparts. This is largely due to capital controls put in place by the central bank limiting currency repatriation as well as the disparity between the official and parallel market rates. On Tuesday, the exchange [...]

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]]> https://www.theinfostride.com/exchange-rate-crisis-drops-foreign-investor-participation-in-stock-market-to-16-8/feed/ 0 Exchange rate between naira and dollar falls to N706/$ at the P2P market on 7th September 2022 https://www.theinfostride.com/exchange-rate-between-naira-and-dollar-falls-to-n706-at-the-p2p-market-on-7th-september-2022/ https://www.theinfostride.com/exchange-rate-between-naira-and-dollar-falls-to-n706-at-the-p2p-market-on-7th-september-2022/#respond Wed, 07 Sep 2022 20:15:08 +0000 https://www.theinfostride.com/?p=332040  The naira fell to a record low of N436/$1 at the official Investors and Exporters window, representing a 0.29% depreciation compared to N434.75/$1 recorded in the previous trading session. A total of $63.05 million in FX value was traded at the official market, a 36.8% decline compared to $99.68 million that exchanged hands in the [...]

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]]> https://www.theinfostride.com/exchange-rate-between-naira-and-dollar-falls-to-n706-at-the-p2p-market-on-7th-september-2022/feed/ 0 Exchange rate finalizes flat at official window as oil price rebounds above $75 https://www.theinfostride.com/exchange-rate-finalizes-flat-at-official-window-as-oil-price-rebounds-above-75/ https://www.theinfostride.com/exchange-rate-finalizes-flat-at-official-window-as-oil-price-rebounds-above-75/#respond Fri, 24 Dec 2021 09:21:57 +0000 https://www.theinfostride.com/?p=315233 The exchange rate between the naira and the US dollar closed at N415.1/$1 at the official Investors and Exporters (I&E) window. Naira closed flat against the US dollar on Wednesday to close at N415.1/$1 the same as recorded in the previous trading session. Meanwhile, forex turnover at the official market recorded a marginal decline of [...]

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]]> https://www.theinfostride.com/exchange-rate-finalizes-flat-at-official-window-as-oil-price-rebounds-above-75/feed/ 0 CBN Should Review Exchange Rate Policy – Yemi Osinbajo https://www.theinfostride.com/cbn-should-review-exchange-rate-policy-yemi-osinbajo/ Sat, 18 Feb 2017 01:28:25 +0000 http://www.theinfostride.com/?p=156873 The National Economic Council (NEC) has called on the Central Bank of Nigeria (CBN) to review the current exchange rate policy. This was revealed by the Nasarawa State Governor, Tanko Al Makura who spoke to newsmen after the Council meeting. The NEC comprises of Governors from the 36 states of the federation, the CBN Governor, [...]

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]]> FG Sets To Revive Ajaokuta Steel Complex, Projects 1m Direct Jobs From Solid Minerals https://www.theinfostride.com/fg-sets-to-revive-ajaokuta-steel-complex-projects-1m-direct-jobs-from-solid-minerals/ Tue, 22 Dec 2015 20:18:04 +0000 http://www.theinfostride.com/?p=114626 The Minister of Solid Minerals, Dr. Kayode Fayemi, on Monday, hinted that the mining sector’s N400 billion contribution to the Gross Domestic Product (GDP), will soon increase. He gave the indication yesterday while reeling out his plans at the ministry’s maiden press conference in Abuja. Nigeria has 44 mineral assets, including precious minerals, which, Fayemi said, [...]

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]]> Naira Continues To Fall Against US Dollar, Current Rate Being N280 To A Dollar https://www.theinfostride.com/naira-continues-to-fall-against-us-dollar-current-rate-being-n280-to-a-dollar/ Fri, 18 Dec 2015 11:43:37 +0000 http://www.theinfostride.com/?p=113624 The Central Bank of Nigeria (CBN) has given a directive to commercial banks to limit how much customers can spend abroad using their debits cards. This is not unconnected the falling value of Naira. The Naira weakened on Thursday to 280 to a dollar. The CBN has for months defended the naira employing varying measures to stabilize [...]

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