Monday, 22nd March 2021: The exchange rate between the naira and the US Dollar closed at N410.13/$1 at the Investors and Exporters window. Naira depreciated further against the US Dollar on Monday, 22nd March 2021, to close at N410.13/$1. This represents a 0.03% decline compared to N410/$1 recorded on Friday. Also, at the parallel market, […]
Friday, 19th March 2021: The exchange rate between the naira and the US Dollar closed at N410/$1 at the Investors and Exporters window, where forex is traded officially. The Naira depreciated marginally against the US Dollar on Friday, 19th March 2021, to close at N410/$1. This represents a 0.08% decline when compared with the N409.67/$1
Naira falls to N410/$1 at NAFEX window, following increased dollar scarcityRead More »
The Central Bank of Nigeria intervened in the foreign exchange market with sales of FOREX to dealers valued at $5.62 billion in the fourth quarter of 2020. This was disclosed in the Q4 2020 economic report published by the Apex bank. In the period under review, FOREX sales increased by 28.7% compared to $4.37 billion
CBN intervenes in FOREX market with $5.62 billion in Q4 2020, up by 28.7%Read More »
Thursday 18th March 2021: The exchange rate between the naira and the US Dollar closed at N409.67 to a dollar at the Investors and Exporters window. The Naira appreciated marginally against the US Dollar on Thursday, 18th March, to close at N409.67/$1. This represents a 0.02% gain when compared with the N409.75/$1 that was recorded on
Tuesday 16th March 2021: The exchange rate between the naira and the US Dollar closed at N409.75 to a dollar at the Investors and Exporters window. The Naira depreciated against the US Dollar on Tuesday to close at N409.75/$1, representing a 0.21% drop when compared to N408.90/$1 recorded on Monday, 15th March 2021 as liquidity crisis
Naira declines to N409.75/$ at NAFEX window as FX liquidity crisis persistsRead More »
Monday 15th March 2021: The exchange rate between the Naira and the US Dollar closed at N408.90 to a dollar at the Investors and Exporters window. The Naira appreciated against the US Dollar on Monday to close at N408.90/$1, representing a 0.27% gain when compared to N410/$1 recorded on Friday, 12th March 2021 despite drop in
Naira rises to N408.90/$ at NAFEX despite reduced dollar supplyRead More »
You can no longer transfer forex online without documentation and subsequent approval of the bank. Commercial Banks in Nigeria are informing customers that they can no longer make instant online transfers out of their domiciliary accounts without proper documentation. Before now, all a customer had to do was log into their banking application on their
Nigerian Banks to stop “instant completion” for forex transfers online from March 20thRead More »
Wednesday 10th March 2021: The exchange rate between the naira and the US Dollar closed at N411.13 to a dollar at the Investors and Exporters window, where forex is traded officially. Naira gained marginally against the US Dollar on Wednesday after enduring three days of decline to close at N411.13/$1, representing a 0.21% gain when
Naira gains at NAFEX window as foreign reserve continues to experience declineRead More »
Monday 8th March 2021: The exchange rate between the naira and the US Dollar closed at N411.88/$1 at the Investors and Exporters window Naira depreciated yet again to a record low of N411.88/$1 on Monday 8th March 2021 at the NAFEX window, representing a 0.21% decline when compared to N411/$1 recorded on the previous trading
Friday 5th March 2021: The exchange rate between the naira and the US Dollar closed at N411/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated against the US Dollar on Friday as it closed at N411 to a dollar at the NAFEX window, representing a 1.11% decline when compared to
Week begins with Naira at N411/$1 at NAFEX as oil price finally hits $70 per barrel.Read More »
