The naira remained stable against the dollar at the I&E window, closing at N385.75/$1. Forex turnover hit record low dropping by 81.5% as Nigeria’s exchange rate at the NAFEX window remained stable against the dollar to close at N385.75/$1 during intraday trading on Wednesday, October 21. Also, the naira remained stable against the dollar, closing at N463/$1 at […]
Nigeria’s exchange rate at the NAFEX window appreciated against the dollar to close at N385.75/$1 during intraday trading on Tuesday, October 20. Also, the naira depreciated against the dollar, closing at N463/$1 at the parallel market on Tuesday, October 20, 2020, despite another round of forex allocation to BDCs by the CBN. This is also
Naira falls at black market, violence erupts across the country from #EndSARS protestsRead More »
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window closing at N386/$1. Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intraday trading on Monday, October 19. Also, the naira remained stable against the dollar, closing at N462/$1 at the parallel market on Monday, October 19, 2020, as
Exchange rate falls again at NAFEX window as #EndSARS protests escalatesRead More »
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window, closing at N385.83/$1. Forex turnover dropped by 24.7% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N385.83/$1 during intraday trading on Friday, October 16. Also, the naira remained stable against the dollar, closing at N462/$1 at the parallel market
Naira depreciates at NAFEX window as banks limit forex transactions for unofficial marketRead More »
Gold remained under pressure at the pre-opening of London’s trading session on Monday. Gold remained under pressure at the pre-opening of London’s trading session on Monday. The pressure seen on the precious metal is largely attributed to the U.S dollar rebounding and expectations growing for the U.S. Congress passage of the latest stimulus deal ahead
#EndSARS protesters have taken their protest to the CBN headquarters, blocking movement in and out of the premises. The #EndSARS movement protesters have reportedly blocked the headquarters of the Central Bank of Nigeria in Abuja to prevent activities at the apex bank tomorrow. An eye witness explained that the protesters packed vehicles in front of
#EndSARS: Protesters block CBN headquarters, AbujaRead More »
Crude oil prices ended the week mixed cumulatively amid surging Covid-19 caseloads. Crude oil prices ended the week mixed cumulatively amid surging Covid-19 caseloads, as oil traders pondered on what direction crude oil prices will go. What we know: American-based oil contract, West Texas Intermediate closed at $40.88 per barrel, gaining 0.7% on the week,
Crude oil prices end mixed W/W, oil traders grow waryRead More »
The US dollar stands at ₦462/US$1 in the parallel market The exchange rate between the naira and the US dollar for today (Thursday, October 15th 2020), stands at ₦462/US$1 in the parallel market. The rate had also closed at ₦462/US$1 on Wednesday, October 14th 2020. Naira: ₦462 Dollar: $1 Date: October 15th, 2020 The exchange
Daily Parallel Market exchange rate – ₦462/$1; ₦596/₤1; ₦540/€1Read More »
Nigeria’s inflation rate has risen to 13.71% as prices jump in almost every sector. The Nigerian inflation rate rose to 13.71% (year-on-year) in September 2020 indicating 0.49% point higher than 13.22% recorded in August 2020. This was contained in the Consumer Price Index (CPI) report, released by the National Bureau of Statistics (NBS). According to
Nigeria’s inflation rate hits 13.71% as food prices soarRead More »
Feminist Coalition has announced that it has raised over N37 million in crowdfunding for the #EndSARS protest. One of the leading NGOs currently campaigning against police brutality in Nigeria, Feminist Coalition has announced that it has raised the total sum of N37,355,149.48 in crowdfunding for the protest which is aimed at supporting protesters. The recent
