Naira falls to N410/$1 at NAFEX window, following increased dollar scarcity

Friday, 19th March 2021: The exchange rate between the naira and the US Dollar closed at N410/$1 at the Investors and Exporters window, where forex is traded officially. The Naira depreciated marginally against the US Dollar on Friday, 19th March 2021, to close at N410/$1. This represents a 0.08% decline when compared with the N409.67/$1 […]

Naira appreciates to N409.67/$1 at NAFEX. Oil price also records biggest single day loss in 11 months at $63.28pb

Thursday 18th March 2021: The exchange rate between the naira and the US Dollar closed at N409.67 to a dollar at the Investors and Exporters window. The Naira appreciated marginally against the US Dollar on Thursday, 18th March, to close at N409.67/$1. This represents a 0.02% gain when compared with the N409.75/$1 that was recorded on

Naira appreciates to N409.67/$1 at NAFEX. Oil price also records biggest single day loss in 11 months at $63.28pbRead More »

Naira declines to N409.75/$ at NAFEX window as FX liquidity crisis persists

Tuesday 16th March 2021: The exchange rate between the naira and the US Dollar closed at N409.75 to a dollar at the Investors and Exporters window. The Naira depreciated against the US Dollar on Tuesday to close at N409.75/$1, representing a 0.21% drop when compared to N408.90/$1 recorded on Monday, 15th March 2021 as liquidity crisis

Naira declines to N409.75/$ at NAFEX window as FX liquidity crisis persistsRead More »

Naira rises to N408.90/$ at NAFEX despite reduced dollar supply

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 »

Exchange rate drops to N482/$1 at the parallel market as traders react to the CBN Naira4Dollar scheme

Monday 8th March 2021: The exchange rate between the naira and the US Dollar closed at N411.88/$1 at the Investors and Exporters window Naira depreciated yet again to a record low of N411.88/$1 on Monday 8th March 2021 at the NAFEX window, representing a 0.21% decline when compared to N411/$1 recorded on the previous trading

Exchange rate drops to N482/$1 at the parallel market as traders react to the CBN Naira4Dollar schemeRead More »