Analysis
Naira Exchange Rate Movements in the Official Foreign Exchange Markets
Year Rate (N:$) Depreciation/Appreciation (%)
1973 0.66 –
1974 0.55 -20.0
1980 0.55 0.0
1982 0.67 17.9
1984 0.76 11.8
1985 0.89 14.6
1986 2.02 55.9
1987 4.02 49.8
1988 4.54 11.5
1989 7.39 38.6
1990 8.04 9.3
1991 9.91 18.9
1992 17.30 42.7
1993 22.05 21.5
1994 21.89 -0.7
1995 81.20 73.0
1996 81.20 0.00
1997 82.00 1.0
1998 84.00 2.4
1999 93.95 10.6
2000 102.10 8.0
2001 111.93 8.8
2002 121.0 7.5
2003 129.3 6.4
2004 133.5 3.1
2005 131.1 -1.8
2006 128.5 -1.98
2007 127.4 -0.86
2008 117.81 -7.53
2009 148.20 +25.8
2010 150.19 +1.34
2011 154.5 +2.87
Source: Central Bank of Nigeria, CBN.
-
Finance1 day agoUBA seeks jail term for WEMPCO directors, intensifies N61bn loan recovery drive
-
News1 day agoZenith Bank expands tech fair reach with first ever virtual edition, focuses on AI
-
Oil and Gas1 day agoBayelsa suspends oil firm’s land acquisition over fatal community dispute
-
News1 day agoTop 20 Ecobank’s InnovateX finalists emerge for ₦20m prize money
-
Industry1 day agoMAN summit to tackle high energy costs for manufacturers
-
Oil and Gas1 day agoOil falls as Middle East talks outweigh concern over fresh strikes
-
News1 day agoNigeria panel says 37 detained miners died from overcrowding and neglect
-
News1 day agoLagos E-Commerce Crackdown: Sanwo-Olu targets deceptive online vendors, fraud