Tuesday, 8th June 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and Exporters window. Naira depreciated against the US dollar on Tuesday to close at N411.50 to a dollar, representing a 0.1% loss compared to N411.07/$1 recorded on Monday, 7th June 2021. However, the naira remained […]
Brent crude oil reached $71 last week as it headed to a second consecutive week of gains on signs of a recovery in demand from the United States to Europe, increasing optimism among producers with OPEC+ confirming its plans to ease the production cuts by 840,000 barrels per day (bpd) in July. Although oil prices
Forex scarcity despite oil prices selling as high as $71pb? This article explains why.Read More »
Friday, 4th June 2021: The exchange rate between the naira and the US dollar closed at N410.75/$1 at the official Investors and Exporters window. Naira appreciated against the US dollar on Friday to close at N410.75 to a dollar, representing a 0.04% gain compared to N410.9/$1 recorded on Thursday, 3rd June 2021. However, the naira
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Thursday, 3rd June 2021: The exchange rate between the naira and the US dollar closed as at N410.9/$1 at the official Investors and Exporters window. Naira appreciated against the US dollar on Thursday to close at N410.9 to a dollar, representing a 0.04 gain compared to N411.06/$1 recorded on Wednesday, 2nd June 2021. On the
Exchange rate depreciates at the black market as ABCON threatens street trading clampdownRead More »
Tuesday, 1st June 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Investors and Exporters window, where forex is officially traded. The naira maintained stability at the NAFEX window, for the third day in a stretch to close at N412 to a dollar, the same as recorded last
Exchange rate falls at black market, as expert predict Bitcoin drop to $26kRead More »
Monday, 31st May 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Nigerian Autonomous Foreign Exchange window (NAFEX). Naira remained flat at the Investors and Exporters window on Monday, as it closed at N412 to a dollar, the same as was recorded on Friday, 28th May 2021. Similarly,
Naira remains stable across forex markets as crude oil price hits $70Read More »
Friday 28th May 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Investors and Exporters forex window. The naira depreciated against the US dollar on Friday at the official NAFEX window to close at N412 to a dollar. This represents a 0.24% decline compared to N411/$1 recorded on
Naira falls at the NAFEX window as Nigeria’s external reserve dips $1 billionRead More »
Thursday, 27th May 2021: The exchange rate between the naira and the US dollar closed at N411/$1 at the Importers and Exporters window, where forex is traded officially. The Naira appreciated further against the US dollar on Thursday at the official NAFEX window to close at N411 to a dollar. This represents a 0.12% gain when
Wednesday, 26th May 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the Importers and Exporters window, where forex is traded officially. The Naira appreciated against the US dollar on Wednesday at the official NAFEX window to close at N411.50 to a dollar. This represents a 0.01% gain when compared
Tuesday, 25th May 2021: The exchange rate between the naira and the US dollar closed at N411.56/$1 at the Importers and Exporters window, where forex is traded officially. Naira depreciated against the US dollar on Tuesday at the official NAFEX window to close at N411.56 to a dollar. This represents a 0.08% drop when compared to
Naira falls at parallel market as CBN formally adjusts official rate to N410.25/$Read More »
