The exchange rate between the naira and the US dollar for today (Friday, September 4th 2020), stands at ₦440/US$1 in the parallel market. The rate had also closed at ₦440/US$1 yesterday Thursday, 3rd September 2020. Naira: ₦440 Dollar: $1 Date: September 4th, 2020 The exchange rate between the naira and the British pound sterling stands […]
FX Turnover at the NAFEX market rose 140% to $92.1 million on Thursday as liquidity poured into the official Investor & Exporter window of the CBN. Nigeria’s exchange rate at the NAFEX window depreciated at N386.25 during intraday trading on Thursday, September 3, 2020, while it remained stable at N440/$1 at the parallel market. NAFEX: The
FX Turnover spikes 140% at NAFEX market as CBN moves to clear backlog of demandRead More »
The US dollar stands at ₦440/US$1 in the parallel market. The exchange rate between the naira and the US dollar for today (Thursday, September 3rd 2020), stands at ₦440/US$1 in the parallel market. The rate had also closed at ₦440/US$1 yesterday Wednesday, 2nd September 2020. Naira: ₦440 Dollar: $1 Date: September 3rd, 2020 The exchange
Daily Parallel Market exchange rate – ₦440/$1; ₦570/₤1; ₦/€495Read More »
Nigeria’s central bank pumped in $50 million into the FX market on Monday in a bid to test demand and supply and more importantly, the price of naira against the dollar. According to Reuters, $50 million was sold to foreign investors on the spot and forward market in what it termed a “test trade to
The exchange rate between the naira and the US dollar for today (Wednesday, September 2nd 2020), stands at ₦440/US$1 in the parallel market. The rate had also closed at ₦440/US$1 yesterday Tuesday, 1st September 2020. Naira: ₦440 Dollar: $1 Date: September 2nd, 2020 The exchange rate between the naira and the British pound sterling stands
Daily Parallel Market exchange rate – ₦440/$1; ₦580/₤1; ₦525/€1Read More »
The Organization of the Petroleum Exporting Countries (OPEC) production increased by 1 million barrels a day in August. This comes as the oil cartel eases production cuts that saw oil production reaching a 30-year low as the pandemic affected global demand. This was disclosed in a Reuters survey. The report revealed that OPEC pumped 24.7
OPEC production up by about 1 million barrels per day in AugustRead More »
The exchange rate between the naira and the US dollar for today (Tuesday, September 1st 2020), stands at ₦440/US$1 in the parallel market. The rate had also closed at ₦465/US$1 yesterday Monday, 31st August 2020. Naira: ₦440 Dollar: $1 Date: September 1st, 2020 The exchange rate between the naira and the British pound sterling stands
Daily Parallel Market exchange rate – ₦440/$1; ₦590/₤1; ₦542/€1Read More »
The telecommunications sector remains one of the fastest-growing sectors in Nigeria’s ailing economy. The impact of the restrictive measures on economic activities coupled with the downturn in the oil sector was apparent in the recent Q2 GDP data, as the nation’s GDP declined by 6.1%. However, there were a few brights spots, particularly the telecommunications
A look at the bright spot in the faltering economyRead More »
The Naira appreciated against the dollar to close at N465/$1 on Monday at the black market. Nigeria’s exchange rate at the NAFEX window appreciated remained stable at N385.67 during intraday trading on Monday, August 31, 2020. In sharp contrast, the exchange rate at the parallel market recorded a record gain on Monday as it closed
The exchange rate between the naira and the US dollar for today (Monday, August 31st 2020), stands at ₦465/US$1 in the parallel market. The rate had closed at ₦477/US$1 last week Friday, 28th August 2020. Naira: ₦465 Dollar: $1 Date: August 31st, 2020 The exchange rate between the naira and the British pound sterling stands
Daily Parallel Market exchange rate – ₦465/$1; ₦605/₤1; ₦545/€1Read More »
