Naira depreciated marginally against the dollar, closing at N462/$1 at the parallel market on Wednesday. Forex turnover declined by 63% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N385.83/$1 during intraday trading on Wednesday, October 14. Also, the naira depreciated marginally against the dollar, closing at N462/$1 at […]
The naira depreciated marginally against the dollar, closing at N461/$1 at the parallel market on Tuesday. Nigeria’s exchange rate at the NAFEX window remained stable against the dollar to close at N386/$1 during intraday trading on Tuesday, October 13. Also, the naira depreciated marginally against the dollar, closing at N461/$1 at the parallel market on
Naira weakens at black market as external reserves loses $42 million in 1 weekRead More »
The US dollar closed at ₦462/US$1 in the parallel market The exchange rate between the naira and the US dollar for today (Wednesday, October 14th 2020), closed at ₦462/US$1 in the parallel market. The rate had also closed at ₦461/US$1 on Tuesday, October 13th 2020. Naira: ₦462 Dollar: $1 Date: October 14th, 2020 The exchange
Daily Parallel Market exchange rate – ₦462/$1; ₦600/₤1; ₦540/€1Read More »
The US dollar stands at ₦457/US$1 in the parallel market. The exchange rate between the naira and the US dollar for today (Thursday, October 8th 2020), stands at ₦457/US$1 in the parallel market. The rate had closed at ₦458/US$1 on Wednesday, October 7th 2020. Naira: ₦457 Dollar: $1 Date: October 8th, 2020 The exchange rate between the
Daily Parallel Market exchange rate – ₦457/$1; ₦595/₤1; ₦537/€1Read More »
Crude oil prices held to gains after U.S. President, Trump resumed the White House from the hospital. Crude oil prices held to gains after U.S. Trump resumed back to the White House from hospital after being admitted for treatment for COVID-19 coupled with a pending storm waiting to hit the U.S. Gulf of Mexico. What
Crude oil prices hold gains, President Trump returns to workRead More »
The Naira remained stable against the dollar to close at N458/$1 on Monday. Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intraday trading on Monday, October 5, after the public holiday. In sharp contrast, the naira appreciated against the dollar, closing at N458/$1 at the parallel market
Naira gains big at black market as CBN boost supplyRead More »
President Trump’s recent improved health status lifted the morale of oil traders, as buying pressures increased across the energy market, on Monday. The London trading session witnessed high price upswings with major oil benchmarks gaining 4%. Trump’s health update eased political growing geopolitical concerns with Brent crude prices trading above $40/ barrel and U.S. West
Crude oil prices gain more than 4% on President Trump’s improved healthRead More »
Forex turnover rose by 35% as Nigeria’s exchange rate at the NAFEX window appreciated against the dollar to close at N385.80/$1 during intraday trading on Friday, October 2 after the public holiday. Also, the naira remained stable against the dollar, closing at N465/$1 at the parallel market on Friday, October 2, 2020, as the pressure
Exchange rate gains at NAFEX window as BDCs get further dollar supply from CBNRead More »
The US dollar index was up 0.23% to trade at 93.977 earlier on Friday. Price swings in the global financial markets are triggering a bounce in the U.S dollar showcasing the currency’s safe-haven status amid worries over economic growth recovery and political imbalance at the world’s biggest economy. The U.S dollar was nearly 2% in
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday. Forex turnover dropped by 37% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intraday trading on Wednesday, September 30. In contrast, the naira appreciated against the dollar, closing at N465/$1 at the parallel market
Exchange rate weakens at NAFEX window as dollar supply continues its declineRead More »
