Naira value gains at NAFEX. Boost expected in Nigeria’s external reserve.

Friday, 9th April 2021: The exchange rate between Naira and the US Dollar closed at N409/1$ in the Importers and Exporters window, where forex is traded officially. Naira gained against the US Dollar at the NAFEX window on Friday to close at N409/$1. This represents a 0.16% gain when compared to N409.65/$1 recorded on Thursday, as […]

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

Exchange rate weakens at NAFEX following continuous fluctuation with dollar supplyRead More »

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 »

Naira gains at NAFEX window to close at N408.67/$1 following 26.2% drop in dollar supply

Wednesday, 31th March 2021, the exchange rate between the naira and the US Dollar closed at N408.67/$1 at the Investors and Exporters window. The naira appreciated against the US Dollar on Wednesday, 31st March 2021 gaining for the fifth consecutive day at the NAFEX window to close at N408.67 to a dollar despite a 26.2%

Naira gains at NAFEX window to close at N408.67/$1 following 26.2% drop in dollar supplyRead More »

Naira gains to cloase at N409.13/$1 at NAFEX despite poor liquidity in fx market

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 »

Naira gains at parallel market. Nigeria’s External reserve closes at $34.65 billion as of 25/03/21; Oil trades at $64.57pb as of 28/03/21; Bitcoin trades above $55k

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

Naira gains at parallel market. Nigeria’s External reserve closes at $34.65 billion as of 25/03/21; Oil trades at $64.57pb as of 28/03/21; Bitcoin trades above $55kRead More »

Naira gains to close at N408.75/$1 at NAFEX. Bitcoin slumps to $52,000

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 »

Naira closes at N409.8/$1 at NAFEX as oil price crashes to $60

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 »

Naira depreciates to N410.13/$1 at NAFEX. External reserve records first growth in 36 days

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,

Naira depreciates to N410.13/$1 at NAFEX. External reserve records first growth in 36 daysRead More »