Nice! Naira Stable Against Dollar – See Exchange Rate Today

The Nigerian naira has remained around 454 to the greenback, as the Central Bank of Nigeria (CBN) asks the bureau de change operators to sell at 385/$1.

The BDCs are getting forex from official sources at 375 per dollar and are mandated to sell at 385 to end users. About three weeks ago, the naira depreciated as low as 490/$1 and 601 to the British Pound.

Back then, Aminu Gwadabe, president of the Association of bureau de change operators of Nigeria (ABCON), had attributed the free fall to activities of Nigeria’s immediate neighbors.

“For the past few days, what we have been witnessing in the market is a kind of spike, a lot of volatility in exchange rate, and this has to do with fear,” Gwadabe had said.

“What I mean by neighbouring countries is that a lot of demand is coming from Benin Republic, from Chad. International demand is also accumulating; we see a lot of Chinese traders coming into the economy, mopping up any available dollar.”

The naira had since recovered, following a deal between the Travelex, an international money transfer agency, and the bureau de change operators.

You Might Also Like

  • Jentle Ernest

    The news still dey heartbreaking

  • WillieBravo

    U can see now that it was all a policy thing. When policies get better things get better.

  • E never stable to me let 1= 1

  • chika bibian

    I pray it drops more and more

  • Mezzy Gilbert

    Manie for arsenal mind

    • Lalalalalalalala. ….am speechless 6 goals

  • Cornel Nwankwo

    Still on the high slide though, hope it keepos dropping anyway

  • emekachilaka

    Still on high side

  • badmos

    Still hopeful.

  • Mezzy Gilbert

    Make e dey come down

  • kayode akinsanya

    Join the discussion…I pray it should come drop to 150naira. with God all things are possible

  • Olovo Obinna

    The thing should drop fast to at least #200/$1 that way poverty level will drop drastically ….right now I can’t change my Samsung S4 damaged screen bcos of this dollar shit

    • Mezzy Gilbert

      20o u say,it must drop to 1naira per dollar

      • Olovo Obinna


      • emekachilaka

        No be lie

      • Cornel Nwankwo


        • Mezzy Gilbert

          Shuu no b wetin Saibaba tok