The Central Bank of Nigeria has hit at the Bureau De Change (BDC) for illegal forex trading and will henceforth discontinue the sale of forex to the Bureau operators in Nigeria. The governor of the CBN, Godwin Emefiele made this known while addressing the press during the MPC briefing on Tuesday, 27th July 2021. The […]
Monday, 26th July 2021: The exchange rate between the naira and the US dollar closed at N411.5/$1 at the Investors and Exporters window, where forex is traded officially. Naira remained flat against the US dollar to close at N411.5/$1 on Monday, same as recorded on Friday, 23rd July 2021. In the same vein, naira remained
Exchange rate remains stable at forex markets as oil prices edge near $75 per barrelRead More »
Thursday 22nd July 2021: The exchange rate between the naira and the US dollar closed at N411.63/$1 at the official forex market. Naira appreciated against the US dollar on Thursday, 22nd July 2021 to close at N411.63/$1. This represents a 4 kobo gain when compared to N411.67/$1 that was recorded on Monday, 19th July 2021.
Exchange rate gains at parallel market as CBN moves to launch digital currency in OctoberRead More »
Monday 19th July 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the official forex market. Naira depreciated against the US dollar on Monday, 19th July 2021 to close at N411.67/$1. This represents a N1.29 gain when compared to N410.38/$1 that was recorded on Friday, 16th July 2021. At the
Exchange rate falls at official market despite 44.3% increase in dollar supplyRead More »
Friday 16th July 2021: The exchange rate between the naira and the US dollar closed at N410.38/$1 at the official forex market. Naira appreciated against the US dollar on Friday, 16th July 2021 to close at N410.38/$1. This represents an 82 kobo gain when compared to N411.2/$1 that was recorded on Thursday, 15th July 2021. At
Thursday, 15th July 2021: The exchange rate between the naira and the US dollar closed at N411.2/$1 at the official forex market. Naira remained stable against the US dollar on Thursday, 15th July 2021 to close at N411.2/$1, a marginal appreciation compared to N411.22/$1 recorded on Wednesday, 14th July 2021. The same was experienced at
Wednesday, 14th July 2021: The exchange rate between naira and the US dollar closed at N411.22/$1 at the Investors and Exporters (I&E) window. Naira appreciated against the US dollar on Wednesday, 14th July to close at N411.22 to a dollar as against N411.75 recorded in the previous trading session on Tuesday, 13th July 2021. At
Friday, 9th July 2021: The exchange rate between the naira and the USD closed at N411.75/$1 at the official Investors and Exporters forex window. Naira fell against the US dollar on Friday to close at N411.75/$1, representing a 0.12% depreciation compared to N411.25/$1 recorded on Thursday. It also represents a 0.12% week-on-week fall compared to
Wednesday, 7th July 2021: The exchange rate between the naira and the US dollar closed at N411.45/$1 at the Investors and Exporters window, where forex is traded officially. Naira remained stable against the US dollar on Wednesday to close at N411.45/$1. This was the same rate that was recorded on Tuesday, 6th July 2021. Also,
Monday, 5th July 2021: The exchange rate between the naira the US dollar closed at N411.13/$1 at the Investors and Exporters window, where forex is traded officially. Naira appreciated marginally against the US dollar on Monday, having gained 12 kobo to close at N411.13/$1 compared to N411.25/$1 recorded on Friday, 2nd July 2021. The local currency
Naira gains at official market as oil prices hit 3-year highRead More »
