Wednesday, 1st September 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated against the US dollar to close at N411.50/$1 on Wednesday, representing a 42 kobo drop when compared to N411.08/$1 recorded at the close of trading on […]
Friday, 27th August 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated against the US dollar to close at N412/$1 on Friday, representing a N1.12 loss when compared to N410.88/$1 recorded at the close of trading on
Naira falls sharply across forex markets despite 32% increase in dollar supplyRead More »
Wednesday, 25th August 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated against the US dollar on Wednesday to close at N412/$1, representing a N1 differential depreciation compared to N411/$1 recorded at the close of trading on
Naira falls at official market as foreign reserves plunges furtherRead More »
Monday, 23rd August 2021: The exchange rate between the naira and the US dollar closed at N411.83/$1 at the official Investors and Exporters window. Naira depreciated against the US dollar on Monday to close at N411.83/$1, representing a 0.04% depreciation compared to N411.67/$1 recorded at the close of trading on Friday, 20th August 2021. Meanwhile,
Naira continues to depreciate at forex market despite significant surge in dollar supplyRead More »
Oil prices started the week bearish by more than 1%, dropping for a third consecutive session. The reason for the decline can be traced to official data which disclosed that the refining throughput and economic activity of China, the world’s biggest oil importer, decelerated. This is an indicator that fresh COVID-19 Delta variant outbreaks are
Brent slips below $70 for the second time in barely a weekRead More »
Wednesday, 4th August 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and Exporters window. Naira remained stable against the US dollar to close at N411.50/$1 on Wednesday, the same rate when compared to N411.50/$1 recorded on the previous day. Also, naira appreciated at the parallel market to close at N506/$1,
Tuesday, 3rd August 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and Exporters window. Naira remained stable against the US dollar to close at N411.50/$1 on Monday, the same rate when compared to N411.50/$1 recorded on the previous day. Also, naira appreciated at the parallel market to close at N508/$1,
Naira sustains gain at black market as currency speculators record heavy lossesRead More »
Thursday, 29th July 2021: The exchange rate between the naira and the US dollar closed lower at N411.67/$1 at the official Investors and Exporters window. Naira depreciated against the US dollar to close at N411.67/$1 on Thursday, representing a 0.02% fall compared to N411.6/$1 recorded on the previous day. On the other hand, naira appreciated the parallel market to close at N520/$1, having recorded a
Naira falls at official market as forex turnover drops by 83%Read More »
Friday, 23rd July 2021: The exchange rate between the naira and the US dollar closed at N411.5/$1 at the official Investors and Exporters window. Naira appreciated against the US dollar on Friday from N411.63/$1 recorded on Thursday, 23rd July 2021 to N411.5/$1, representing a 0.03% gain. This however represents 0.27% depreciation for the week compared
Thursday 22nd July 2021: The exchange rate between the naira and the US dollar closed at N411.63/$1 at the official forex market. Naira appreciated against the US dollar on Thursday, 22nd July 2021 to close at N411.63/$1. This represents a 4 kobo gain when compared to N411.67/$1 that was recorded on Monday, 19th July 2021.
Exchange rate gains at parallel market as CBN moves to launch digital currency in OctoberRead More »
