Tuesday, 3rd August 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and Exporters window. Naira remained stable against the US dollar to close at N411.50/$1 on Monday, the same rate when compared to N411.50/$1 recorded on the previous day. Also, naira appreciated at the parallel market to close at N508/$1, […]
Thursday, 29th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.67/$1 at the official Investors and Exporters window. Naira depreciated against the US dollar to close at N411.67/$1 on Thursday, representing a 0.02% fall compared to N411.6/$1 recorded on the previous day. On the other hand, naira appreciated the parallel market to close at N520/$1, having recorded a
Naira falls at official market as forex turnover drops by 83%Read More »
Wednesday, 28th July 2021: The exchange rate between the naira and the US dollar closed at N411.6/$1 at the official Investors and Exporters window. Naira gained against the US dollar to close at N411.6/$1 on Wednesday, representing a 0.02% appreciation compared to N411.65/$1 recorded on Tuesday, 27th July 2021. On the other hand, the naira
The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and will henceforth discontinue the sale of forex to the Bureau operators in Nigeria. The governor of the CBN, Godwin Emefiele made this known while addressing the press during the MPC briefing on Tuesday, 27th July 2021. The
Breaking: CBN blows hot, bans sale of forex to BDCsRead More »
Monday, 26th July 2021: The exchange rate between the naira and the US dollar closed at N411.5/$1 at the Investors and Exporters window, where forex is traded officially. Naira remained flat against the US dollar to close at N411.5/$1 on Monday, same as recorded on Friday, 23rd July 2021. In the same vein, naira remained
Exchange rate remains stable at forex markets as oil prices edge near $75 per barrelRead More »
Friday, 23rd July 2021: The exchange rate between the naira and the US dollar closed at N411.5/$1 at the official Investors and Exporters window. Naira appreciated against the US dollar on Friday from N411.63/$1 recorded on Thursday, 23rd July 2021 to N411.5/$1, representing a 0.03% gain. This however represents 0.27% depreciation for the week compared
Thursday 22nd July 2021: The exchange rate between the naira and the US dollar closed at N411.63/$1 at the official forex market. Naira appreciated against the US dollar on Thursday, 22nd July 2021 to close at N411.63/$1. This represents a 4 kobo gain when compared to N411.67/$1 that was recorded on Monday, 19th July 2021.
Exchange rate gains at parallel market as CBN moves to launch digital currency in OctoberRead More »
Monday 19th July 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the official forex market. Naira depreciated against the US dollar on Monday, 19th July 2021 to close at N411.67/$1. This represents a N1.29 gain when compared to N410.38/$1 that was recorded on Friday, 16th July 2021. At the
Exchange rate falls at official market despite 44.3% increase in dollar supplyRead More »
Friday 16th July 2021: The exchange rate between the naira and the US dollar closed at N410.38/$1 at the official forex market. Naira appreciated against the US dollar on Friday, 16th July 2021 to close at N410.38/$1. This represents an 82 kobo gain when compared to N411.2/$1 that was recorded on Thursday, 15th July 2021. At
Thursday, 15th July 2021: The exchange rate between the naira and the US dollar closed at N411.2/$1 at the official forex market. Naira remained stable against the US dollar on Thursday, 15th July 2021 to close at N411.2/$1, a marginal appreciation compared to N411.22/$1 recorded on Wednesday, 14th July 2021. The same was experienced at
