The Central Bank of Nigeria (CBN) publishes the exchange rate of the Nigerian naira to the US dollar daily. This information is very important for businesses and individuals who need to convert between the two currencies.
As of Thursday, August 11, 2023, the latest data from the Central Bank of Nigeria (CBN), the Official exchange rate of dollar to naira CBN rate today is as follows:.
CBN Official naira to dollar rate today
- Buying rate: 772.02 naira per US dollar
- Selling rate: 773.02 naira per US dollar
The CBN Official naira to dollar, effective as of today, play a significant role in facilitating financial transactions and conversions between the Nigerian naira and the US dollar. It is important to note that exchange rates may fluctuate in response to market conditions and other factors.
CBN Official dollar to Naira yesterday
The CBN Exchange Rate for Naira to Dollar closed yesterday at 769.00
Dollar To Naira Black Market Rate Today 7 August 2023 | Aboki fx rate
Important Notice: The Investors & Exporters FX window ( I&E FX Window) is now the CBN Official Naira to Dollar exchange rate.
CBN Exchange Rate for Naira to Dollar explainer
This means that if you want to buy 1 US dollar, you will need to pay 772.02 naira. And for those who want to sell 1 US dollar, you will receive 773.02 naira.
What happened to Nigerian naira to US dollar
The exchange rate can fluctuate from day to day, so it is important to check the CBN website for the latest rates before making any transactions.
Nigerian Capital Market Witnesses Trading Activity Dip but Shows Sector Resilience
In the past week, the Nigerian capital market experienced a dip in trading activity as investors engaged in the trading of 2.575 billion shares valued at N29.615 billion across 37,713 transactions. While this performance fell short of the previous week’s figures, where 2.854 billion shares valued at N37.645 billion were traded in 41,547 transactions, there were notable trends in sector performance and equity turnover.
A significant decline in the value of investments was observed, marking a reduction of N8.03 billion or 21.3 percent throughout the week. Among the sectors, the Financial Services Industry emerged as the top-performing sector, witnessing a substantial volume of trading. Investors traded 1.921 billion shares worth N16.514 billion in 17,689 transactions within this sector.
The Conglomerates Industry followed closely, with investors trading 160.206 million shares valued at N625.021 million, occurring in 1,811 transactions. The Oil and Gas Industry rounded up the list, with shareholders exchanging 152.046 million shares valued at N1.332 billion through 2,403 transactions.
At the conclusion of the trading week, the top three equities by volume were AIICO Insurance Plc, FCMB Group Plc, and Transnational Corporation Plc. These companies collectively accounted for 24.71 percent of the overall equity turnover volume and 5.86 percent of the total equity turnover value, with shareholders trading 636.217 million shares worth N1.737 billion across 2,751 transactions.
The week also saw noteworthy gainers in terms of share price performance. Sunu Assurances led the gainers with an increase of N0.33 kobo, resulting in a closing price of N0.93 kobo from the previous N0.60 kobo per share. Chellarams recorded a gain of N1.06, pushing its share price from N2.33 kobo to N3.39 kobo. Abbey Mortgage Bank observed an uptick of N0.36 kobo, bringing its share price to N1.46 kobo compared to the prior N1.11 kobo. Dangote Sugar experienced a substantial rise in share value, gaining N7.50 kobo to achieve a closing price of N37.50 kobo from the previous N30. Skyway Aviation also noted a gain of N4.85 kobo, propelling its share price from N23.30 to N28.15 kobo.
Despite the decline in trading activity, the performance of certain sectors and specific equities demonstrated resilience and potential for growth in the Nigerian capital market. Investors are expected to continue closely monitoring these trends and adjusting their strategies accordingly.
Read AlsoÂ
Dollar to naira black market today August 1, 2023 | Aboki fx rate
Dollar to naira black market today August 27, 2023 | abokifx
CBN Official Naira to Dollar exchange rate today August 27 2023
CBN Official Naira to Dollar exchange rate today August 25 2023
Dollar to naira black market today August 1, 2023 | Abokifx
Dollar to naira black market today August 1, 2023 | Aboki fx rate
- Week 4 Pool Fixtures for Sat 1 Jul 2023: Wk 4 Aussie 2023 – poolfixtures
- Week 4 Pool Banker Room 2023 – Pool Draw This Week 4 for Sat 1 August 2023 – Sure Banker This Week UK 2022/2023
- Week 4 pool results for Monday, August 1, 2023: Aussie Pool Result Wk 4
Here are some of the factors that can affect the CBN exchange rate between the Nigerian naira and the US dollar:
- Demand and supply: If there is more demand for the US dollar than there is supply, the exchange rate will go up. Conversely, if there is more supply of the US dollar than there is demand, the exchange rate will go down.
- Economic factors: The state of the Nigerian economy and the US economy can also affect the exchange rate. For example, if the Nigerian economy is doing well, the naira will be more valuable. Conversely, if the Nigerian economy is doing poorly, the naira will be less valuable.
- Political factors: Political instability in Nigeria or the US can also affect the exchange rate. For example, if there is a coup in Nigeria, the naira will likely lose value.
If you are planning to travel to Nigeria or the US, it is important to factor in the exchange rate when budgeting for your trip. You can use a currency converter to get an estimate of how much your money will be worth in the other currency.
You can also check the CBN website for the latest exchange rates. The website also has a currency converter that you can use.
That is all for now in the Official Naira to Dollar exchange rate today which is all the I & E dollar to naira exchange. 
Thanks for reading CBN Official naira to dollar exchange rate today. l hope this cbn exchange rate us dollar to naira post has been helpful. If you have any questions, please feel free to leave a comment below.
