The exchange rate at the parallel market suffered its second depreciation of the year. On January 11, 2021, the exchange rate between the naira and dollar at the black market closed at N475/$1 representing a N3 drop when compared to the N472/$1 it closed on the previous trading day of January 8th, 2021. This is the second […]
At the black market where forex traded unofficially, the exchange rate depreciated to close at N472/$1. On January 8, 2020, the exchange rate between the naira and dollar closed at N393.50/$1, the fifth trading day of 2021 at the Investors and Exporters’ (NAFEX) window where forex is traded officially. This is an appreciation from the N393.67 recorded
At the black market where forex traded unofficially, the exchange rate continued to remain stable at N470/$1 on Thursday. On January 7, 2020, the exchange rate between the naira and dollar closed at N393.67/$1, the fourth trading day of 2021 at the Investors and Exporters’ (NAFEX) window where forex is traded officially. This is an appreciation from
Naira strengthens at NAFEX window despite 38% dropRead More »
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday, closing at N394.50/$1. On January 6, 2020, the exchange rate between the naira and dollar closed at N394.50/$1, the third trading day of 2021 at the Investors and Exporters’ (NAFEX) window where forex is traded officially. This is a depreciation from the N393.83 recorded on
Naira declines at NAFEX window despite 56.6% increase in dollar supplyRead More »
The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N393.83/$1. On January 5, 2020, the exchange rate between the naira and dollar closed at N393.83/$1, the second trading day of 2021 at the Investors and Exporters’ (NAFEX) window where forex is traded officially. This is an appreciation from the N394.30 recorded on
Naira gains at NAFEX window following CBN’s intervention in the forex marketRead More »
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N410.25/$1. Forex turnover rose by 43%, as the Naira’s exchange rate at the NAFEX window hit a record low, depreciating significantly against the dollar to close at N410.25/$1 during intra-day trading on Wednesday, December 30. Also, the Naira remained stable against
Naira falls to record low at NAFEX window as CBN adjusts exchange rate againRead More »
Naira remained stable against the dollar, closing at N470/$1 at the parallel market on Wednesday. Forex turnover rose by 27.6%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394/$1 during intra-day trading on Wednesday, December 30. Also, the Naira remained stable against the dollar – closing at N470/$1
Naira stabilizes at black market as external reserve rises by $515 million in 12 daysRead More »
The Naira appreciated significantly against the dollar – closing at N465/$1 at the parallel market on Thursday, December 24, 2020. Forex turnover dropped by 16%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N392/$1 during intra-day trading on Thursday, December 24. Also, the Naira appreciated significantly against the
Naira gains at parallel market following increased supply of dollarsRead More »
The Naira remained stable against the dollar, closing at N476/$1 at the parallel market on Tuesday. Forex turnover rose sharply by 183.7%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394.67/$1 during intra-day trading on Tuesday, December 22. Also, the Naira remained stable against the dollar – closing
Naira gains some stability at parallel market as dollar supply improves by 184%Read More »
Brent crude plunged by over 4.75% to trade at $49.85 a barrel after rising 1.5% to its highest since March on Friday. Oil prices dropped over 4% at Monday’s trading session amid reports that reveal the fast-spreading new COVID-19 strain has shut down much of the United Kingdom. This has further led to tighter restrictions
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