Naira falls to N411.67/$ at NAFEX. CBN moves to further boost diaspora remittances

Naira depreciated on Tuesday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411.67 to a dollar. Tuesday, 27th April 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the Importers and Exporters window. Naira depreciated on Tuesday, at the Nigerian Autonomous Foreign Exchange (NAFEX) […]

Exchange rate remains flat across FX markets. Bitcoin rebounds, up by over 7%

Monday, 26th April 2021: The exchange rate between the naira and the US dollar closed at N410/$1 in the Importers and Exporters window. Naira remained stable on Monday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N410 to a dollar, the same rate that was recorded on Friday, 23rd April 2021.

Exchange rate remains flat across FX markets. Bitcoin rebounds, up by over 7%Read More »

Naira remains stable across FX markets. Nigerians continue to accumulate dollars to protect wealth

Friday, 23rd April 2021: The exchange rate between the naira and the US dollar closed at N410/$1 in the Importers and Exporters window. Naira maintained stability on Friday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N410 to a dollar, the same rate that was recorded on Thursday, 22nd April 2021.

Naira remains stable across FX markets. Nigerians continue to accumulate dollars to protect wealthRead More »

Naira gains at NAFEX window despite low FX supply

Wednesday, 21st April 2021: The exchange rate between the naira and the US dollar closed at N410 to a dollar at the Importers and Exporters window, where forex is traded officially. Nigeria’s exchange rate appreciated against the US dollar on Wednesday to close at N410/$1. This represents a 0.16% gain compared to N410.67/$1 recorded on

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Naira declines against USD as external reserves plunges

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

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Naira maintains stability across the FX market as dollar supply improves significantly by 430%

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

Naira maintains stability across the FX market as dollar supply improves significantly by 430%Read More »

Naira gains some value following CBN’s FX sale to foreign investors

Wednesday,14th 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 appreciated against the US Dollar at the NAFEX window on Wednesday to close at N410.50/$1. This represents a 0.12% gain when compared to N411/$1 recorded on Tuesday, as the

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Naira drops at NAFEX to record N438/$1 during intra-day trading

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 »

Exchange rate weakens at NAFEX following continuous fluctuation with dollar supply

Tuesday, 6th April 2021, the exchange rate between the naira and the US dollar closed at N410.5/$1 at the Investors and Exporters window. The naira depreciated further against the US dollar on Tuesday, 6th of April 2021 to close at N410.5 to a dollar at the NAFEX window. This represents a 0.29% decline when compared

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Naira value falls at NAFEX window following crude oil price dip

Thursday, 1st April 2021, the exchange rate between the naira and the US dollar closed at N409.3/$1 at the Investors and Exporters window, where forex is traded officially. The naira depreciated against the US dollar on the first day of April 2021 to close at N409.3/$1 at NAFEX window. This represents a 0.15% decline when

Naira value falls at NAFEX window following crude oil price dipRead More »