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 […]
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 »
Crude oil prices held to gains after U.S. President, Trump resumed the White House from the hospital. Crude oil prices held to gains after U.S. Trump resumed back to the White House from hospital after being admitted for treatment for COVID-19 coupled with a pending storm waiting to hit the U.S. Gulf of Mexico. What
Crude oil prices hold gains, President Trump returns to workRead More »
The Naira remained stable against the dollar to close at N458/$1 on Monday. Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intraday trading on Monday, October 5, after the public holiday. In sharp contrast, the naira appreciated against the dollar, closing at N458/$1 at the parallel market
Naira gains big at black market as CBN boost supplyRead More »
Oil futures dropped at its last trading session, contributing to a second weekly loss for crude oil prices as President Donald Trump’s COVID-19 diagnosis raised further concerns over a slowdown in the global economy. “Rising coronavirus cases across the globe fan fears around slowing world growth and pace of demand recovery,” said Lukman Otunuga, senior
Forex turnover rose by 35% as Nigeria’s exchange rate at the NAFEX window appreciated against the dollar to close at N385.80/$1 during intraday trading on Friday, October 2 after the public holiday. Also, the naira remained stable against the dollar, closing at N465/$1 at the parallel market on Friday, October 2, 2020, as the pressure
Exchange rate gains at NAFEX window as BDCs get further dollar supply from CBNRead More »
The US dollar index was up 0.23% to trade at 93.977 earlier on Friday. Price swings in the global financial markets are triggering a bounce in the U.S dollar showcasing the currency’s safe-haven status amid worries over economic growth recovery and political imbalance at the world’s biggest economy. The U.S dollar was nearly 2% in
Brent crude was down 48 cents, or 1.17%, after falling more than 3% on Thursday. Oil prices continued their decline for the second day in a row, as rising crude oil production from OPEC comes amid a worsening COVID-19 pandemic which threatens to bring more restrictions on movement and consumption, and will likely hit demand
Oil price drop continues over increased OPEC supplies and decline in demandRead More »
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday. Forex turnover dropped by 37% as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intraday trading on Wednesday, September 30. In contrast, the naira appreciated against the dollar, closing at N465/$1 at the parallel market
Exchange rate weakens at NAFEX window as dollar supply continues its declineRead More »
