The Naira appreciated against the dollar, closing at N485/$1 at the parallel market on Wednesday, December 2. Forex turnover dropped by 65.6%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N395/$1 during intra-day trading on Wednesday, December 2. Also, the Naira appreciated against the dollar, closing at N485/$1 […]
Crude oil plunged, largely due to growing concerns amongst oil traders on what the outcome of the OPEC+ meeting will be. Crude oil traders became jittery at the first trading session of the week, pushing oil prices to fall more than 1.5%. The plunge is largely attributed to growing concerns amongst oil traders on what
Oil prices tumble, oil traders jittery on OPEC+ meetingRead More »
The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market. Forex turnover dropped by 52.2%, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N390.25/$1 during intra-day trading on Friday, November 27. However, the Naira crashed again to an over
Analysis: Naira currently trading at N500/$1 as CBN adjusts exchange ratesRead More »
At the black market, the Naira depreciated against the dollar to close at N495/$1 on Thursday. Forex turnover rose sharply by 303.6%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N393.25/$1 during intra-day trading on Thursday, November 26. Also, the naira crashed again to a new record
Naira crashes to new low at Black market. N500/$1 expected next weekRead More »
Attack on Shell/Agip facilities triggers fear of renewed Niger Delta militant activities. Oil facilities owned by Shell/Agip were attacked on Wednesday by unidentified people in a sign that militant activities may have resumed again in the oil-rich Niger Delta region of Nigeria. Several explosions were heard in the facilities located at the Ikarama community in
Economy on edge as militants blow up Shell/Agip gas pipelinesRead More »
At the black market, the Naira depreciated against the dollar to close at N487/$1 on Wednesday. Forex turnover dropped by 68.2%, as the Naira’s exchange rate at the NAFEX window depreciated significantly against the dollar to close at N393.25/$1 during intra-day trading on Wednesday, November 25. Also, the naira crashed further against the dollar, closing at N487/$1
Naira crashes across forex markets as CBN Governor hits at black marketRead More »
The Naira remained stable against the dollar to close at N483/$1 on Tuesday at the black market. Forex turnover dropped by 31.5%, as Nigeria’s exchange rate at the NAFEX window appreciated against the dollar to close at N385.50/$1 during intra-day trading on Tuesday, November 24. Also, the naira remained stable against the dollar, closing at N483/$1
Naira strengthens at forex market as CBN intervenes in the marketRead More »
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N386/$1. Forex turnover dropped by 31.5%, as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intra-day trading on Monday, November 23. Also, the naira appreciated marginally against the dollar, closing at N483/$1 at the
Naira falls at NAFEX market as dollar supply drops further despite demand pressureRead More »
The naira hit another new low as it depreciated again against the dollar, closing at N484/$1 at the parallel market. Forex turnover dropped by 67.5%, as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N385.83/$1 during intra-day trading on Friday, November 20. Also, the naira hit another new low as
Naira records new low at black market as businesses divert export proceedsRead More »
Oil traders hoping on OPEC+ meeting scheduled to hold in some days time could see the organisation extend current cuts by 3-6 months. Oil prices extended its upside at Monday’s trading session. Oil traders are riding bullish on the macro that Organization of the Petroleum Exporting Countries (OPEC), Russia, and other producers – a group
