Tracking and following the Nigerian economy • Inflation • Stocks • Oil • Crypto. Not financial advice! Built for the people who feel every kobo devaluation.
CBN rate: ₦1,375
Parallel: ₦1,490
Spread: 8.3%
A narrowing spread signals improving FX stability.
When CBN and parallel converge, importers pay less premium — prices should follow.
📊 NairaIntel
Nigeria's FX reserves: $50.5B
At current import levels (~$50B/yr), that covers ~12 months of imports.
The IMF minimum recommendation is 3 months.
Healthy — but the naira still trades at ₦1,513/$1.
Reserves alone don't fix confidence.
🏦 NairaIntel