Tuesday, 20th April 2021: The exchange rate between the naira and the US dollar closed at N410.67/$1 at the investors and exporters window, where forex is traded officially. Naira depreciated against the US dollar to close at N410.67 to a dollar on Tuesday, 20th April 2021. This represents a 0.08% decline when compared to N410.33/$1 […]
Naira remained stable against the US Dollar at the NAFEX window on Thursday to close at N410.50/$1. Thursday, 15th April 2021: The exchange rate between Naira and the US Dollar closed at N410.50/1$ in the Importers and Exporters window, where forex is traded officially. Naira remained stable against the US Dollar at the NAFEX window on
Wednesday, 7th April 2021: The exchange rate between the naira and the US Dollar closed N411/$ at the Investors and Exporters window. The Naira depreciated against the US Dollar for the third time in a row on Wednesday, 7th of April 2021, to close at N411/$1. This represents a 0.12% decline when compared to N410.5
Naira drops at NAFEX to record N438/$1 during intra-day tradingRead More »
Monday, 29th March 2021, the exchange rate between the naira and the US Dollar closed at N409.13/$1 at the Investors and Exporters window. Naira appreciated against the US Dollar on Monday, 29th March 2021 after gaining for 2 consecutive days at the NAFEX window to close at N409.13 to a dollar despite very low dollar supply.
Naira gains to cloase at N409.13/$1 at NAFEX despite poor liquidity in fx marketRead More »
Friday, 26th March 2021, the naira appreciated marginally at the parallel market, as it closed at N485/$1, representing a N1 gain when compared with the N486/$1 that was recorded in the previous trading day. However, the exchange rate between the naira and the US Dollar closed at N410/$1 at the Investors and Exporters window. Naira
Wednesday, 24th March 2021, the exchange rate between the naira and the US Dollar closed at N408.75/$1 at the Investors and Exporters window. Naira gained against the US Dollar again on Wednesday to close at N408.75 to a dollar, representing a 0.26% gain compared to N409.8/$1 recorded on Tuesday. However, in the parallel market, the
Naira gains to close at N408.75/$1 at NAFEX. Bitcoin slumps to $52,000Read More »
The exchange rate between the naira and the US Dollar closed at N409.8/$1 at the I&E window as oil prices crashed to the $60 per barrel region. Tuesday, 23rd March 2021, the exchange rate between the naira and the US Dollar closed at N409.8/$1 at the Investors and Exporters window, where forex is traded officially.
Naira closes at N409.8/$1 at NAFEX as oil price crashes to $60Read More »
West Texas Intermediate (WTI), crude futures plunged by over 3% to trade below $60 a barrel. Oil prices lost more than 3% at the second trading session of the week on concerns that new COVID-19 lockdown and slow vaccine rollouts in Europe will slow energy demand arbitrarily. At the time of writing this report, West
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 »
