The exchange rate between the naira and the dollar depreciated closing at N394.33/$1 at the NAFEX. On January 28, 2021, the exchange rate between the naira and the dollar depreciated closing at N394.33/$1 at the NAFEX (I&E Window) where forex is traded officially. Also, the exchange rate at the black market where forex is traded unofficially remained […]
The exchange rate at the black market where forex traded unofficially depreciated at N480/$1 on Tuesday, January 26, 2021. On January 26, 2021, the exchange rate at the black market where forex traded unofficially depreciated at N480/$1. The exchange rate at the parallel market closed at N477/$1 on the previous trading day of January 22, 2021, representing
On January 18, 2021, the exchange rate between the naira and the dollar appreciated closing at N393.83/$1 at the NAFEX (I&E Window) where forex is traded officially. This is as Nigeria’s external reserves added $1 billion in 15 days to rise to $36.3 billion. Also, the exchange rate at the black market where forex traded unofficially
Naira gains at NAFEX window as external reserves increase by $1 billionRead More »
Pressure on FX will continue in 2021 as a result of thin reserve buffers and recovering domestic demands. EFG Hermes has revealed that pressure on FX will continue in 2021 as a result of thin reserve buffers and recovering domestic demands. The company envisages that adjustment in the country’s current setting is driven primarily by
Nigeria: Pressure on FX to continue in 2021 – ReportRead More »
The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N394.67/$1. On January 15, 2021, the exchange rate between the naira and the dollar remained stable to close at N394.67/$1 at the NAFEX (I&E Window) where forex is traded officially. This is exactly the same rate that was recorded the previous trading
Naira remains stable across forex markets as external reserve continues to riseRead More »
Nigeria’s external reserves rose to the highest level since July 2020. On January 12, 2021, the exchange rate between the naira and the dollar closed at N394/$1 at the NAFEX (I&E Window) where forex is traded officially, a depreciation from the N393.33 recorded on the previous trading day, January 11, 2021. However, the exchange rate at
Naira falls at NAFEX window as external reserves rises to highest level since July 2020Read More »
In this article, we present the list of 10 best climate change stocks to buy now, if you want to skip the discussion and see the top 5, head on straight to the 5 best climate change stocks to buy now. NASA defines climate change as a broad range of global phenomena created predominantly by
At the black market where forex traded unofficially, the exchange rate depreciated to close at N472/$1. On January 8, 2020, the exchange rate between the naira and dollar closed at N393.50/$1, the fifth trading day of 2021 at the Investors and Exporters’ (NAFEX) window where forex is traded officially. This is an appreciation from the N393.67 recorded
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N410.25/$1. Forex turnover rose by 43%, as the Naira’s exchange rate at the NAFEX window hit a record low, depreciating significantly against the dollar to close at N410.25/$1 during intra-day trading on Wednesday, December 30. Also, the Naira remained stable against
Naira falls to record low at NAFEX window as CBN adjusts exchange rate againRead More »
Naira remained stable against the dollar, closing at N470/$1 at the parallel market on Wednesday. Forex turnover rose by 27.6%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394/$1 during intra-day trading on Wednesday, December 30. Also, the Naira remained stable against the dollar – closing at N470/$1
Naira stabilizes at black market as external reserve rises by $515 million in 12 daysRead More »
