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 […]
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
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 »
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
Naira falls again at black market as #EndSARS protest limits movement.Read More »
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 »
