The Naira appreciated significantly against the dollar – closing at N465/$1 at the parallel market on Thursday, December 24, 2020. Forex turnover dropped by 16%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N392/$1 during intra-day trading on Thursday, December 24. Also, the Naira appreciated significantly against the […]
The naira remained stable against the dollar at NAFEX to close at N395/$1 during intra-day trading on Friday. Forex turnover rose sharply by 50.97%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N395/$1 during intra-day trading on Friday, December 4. Also, the Naira depreciated against the dollar,
Naira stabilizes at NAFEX window as dollar supply improves significantlyRead More »
At the black market, the Naira depreciated against the dollar to close at N495/$1 on Thursday. Forex turnover rose sharply by 303.6%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N393.25/$1 during intra-day trading on Thursday, November 26. Also, the naira crashed again to a new record
Naira crashes to new low at Black market. N500/$1 expected next weekRead More »
At the black market, the Naira depreciated against the dollar to close at N487/$1 on Wednesday. Forex turnover dropped by 68.2%, as the Naira’s exchange rate at the NAFEX window depreciated significantly against the dollar to close at N393.25/$1 during intra-day trading on Wednesday, November 25. Also, the naira crashed further against the dollar, closing at N487/$1
Naira crashes across forex markets as CBN Governor hits at black marketRead More »
The naira hit another new low as it depreciated against the dollar, closing at N480/$1 at the parallel market. Forex turnover improved significantly by 526%, as Nigeria’s exchange rate at the NAFEX window appreciated against the dollar to close at N385.50/$1 during intra-day trading on Thursday, November 19. Also, the naira hit another new low as
Naira records new low despite over $1 billion allocation by CBN since SeptemberRead More »
Nigeria’s mutual fund managers are always “fighting” for positions by growing their assets month over month. The dynamics of Nigeria’s mutual funds industry keeps changing. Changes are being noticed in the size of the total asset value, as well as in the number of funds and fund managers. Another area that has witnessed some significant
