Naira remains stable across forex markets. Crypto investors lose $27.54 billion to sell-offs and oil trades at $73.29 pb.

Thursday, 15th July 2021: The exchange rate between the naira and the US dollar closed at N411.2/$1 at the official forex market. Naira remained stable against the US dollar on Thursday, 15th July 2021 to close at N411.2/$1, a marginal appreciation compared to N411.22/$1 recorded on Wednesday, 14th July 2021. The same was experienced at […]

Naira gains at official NAFEX window as dollar supply hits $214 million. Oil trades at $72.91 pb

Wednesday, 14th July 2021: The exchange rate between naira and the US dollar closed at N411.22/$1 at the Investors and Exporters (I&E) window. Naira appreciated against the US dollar on Wednesday, 14th July to close at N411.22 to a dollar as against N411.75 recorded in the previous trading session on Tuesday, 13th July 2021. At

Naira gains at official NAFEX window as dollar supply hits $214 million. Oil trades at $72.91 pbRead More »

Exchange rate remains stable across FX markets as dollar supply rise significantly by 135%

Wednesday, 7th July 2021: The exchange rate between the naira and the US dollar closed at N411.45/$1 at the Investors and Exporters window, where forex is traded officially. Naira remained stable against the US dollar on Wednesday to close at N411.45/$1. This was the same rate that was recorded on Tuesday, 6th July 2021. Also,

Exchange rate remains stable across FX markets as dollar supply rise significantly by 135%Read More »

Exchange rate gains at official window as dollar supply increases significantly by 115%

Tuesday, 29th June 2021: The exchange rate between the naira and the US dollar closed at N410.83/$1 at the Investors and Exporters window. Naira gained 0.11% against the US dollar on Tuesday to close at N410.83/$1 compared to N411.28/$1 recorded in the previous session. The naira remained stable at the parallel market as it closed

Exchange rate gains at official window as dollar supply increases significantly by 115%Read More »

Naira depreciates to N500/$1 at parallel market again as forex speculators intensify their activities

Monday, 21st June 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the official Investors and Exporters window. Naira depreciated on Monday against the US dollar to close at N411.67 to a dollar compared to N411/$1 recorded on Friday, 18th June 2021. Also, the exchange rate depreciated at the parallel

Naira depreciates to N500/$1 at parallel market again as forex speculators intensify their activitiesRead More »

Naira strengthens across FX markets as speculators react to reports of CBN funding to BDCs

Thursday, 17th June 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 on Thursday against the US dollar to close at N411.5 to a dollar compared to N412/$1 recorded on Wednesday, 16th June 2021. Also, the exchange rate gained at the

Naira strengthens across FX markets as speculators react to reports of CBN funding to BDCsRead More »

Exchange rate drops at NAFEX window as external reserves slumps to record low

Wednesday, 16th June 2021: The exchange rate between naira and the US dollar closed at N412/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated further against the US dollar on Wednesday to close at N412 to a dollar. This represents a 0.06% decline compared to N411.75/$1 recorded on Tuesday, 15th

Exchange rate drops at NAFEX window as external reserves slumps to record lowRead More »

Naira depreciates at official window as dollar supply drops significantly by 58.5%

Tuesday, 8th June 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the official Investors and Exporters window. Naira depreciated against the US dollar on Tuesday to close at N411.50 to a dollar, representing a 0.1% loss compared to N411.07/$1 recorded on Monday, 7th June 2021. However, the naira remained

Naira depreciates at official window as dollar supply drops significantly by 58.5%Read More »

Naira depreciates at black market despite gains at official window

Monday, 24th May 2021: The exchange rate between the naira and the US dollar closed at N411.25/$1 at the Importers and Exporters window, where forex is traded officially. Naira appreciated against the US dollar on Monday at the official NAFEX window to close at N411.25 to a dollar. This represents a 0.18% gain when compared to

Naira depreciates at black market despite gains at official windowRead More »

Naira gains at NAFEX window despite low FX supply

Wednesday, 21st April 2021: The exchange rate between the naira and the US dollar closed at N410 to a dollar at the Importers and Exporters window, where forex is traded officially. Nigeria’s exchange rate appreciated against the US dollar on Wednesday to close at N410/$1. This represents a 0.16% gain compared to N410.67/$1 recorded on

Naira gains at NAFEX window despite low FX supplyRead More »