Tuesday, 7th September 2021: The exchange rate between the naira and the US dollar closed at N410.67/$1 indicating a further appreciation at the official Investors and Exporters window. Naira gained against the US dollar on Tuesday, to close at N410.67/$1 compared to N411.13/$1 recorded at the close of trade on Monday, 6th September 2021, representing […]
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 »
Monday, 16th August 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 against the US dollar to close at N411.67/$1 on Monday, representing a 0.21% drop when compared to the N410.80/$1 that was recorded the previous trading day. However, the naira still remained
Naira slumps at official market despite 7.5% rise in forex liquidityRead 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 »
Wednesday, 28th July 2021: The exchange rate between the naira and the US dollar closed at N411.6/$1 at the official Investors and Exporters window. Naira gained against the US dollar to close at N411.6/$1 on Wednesday, representing a 0.02% appreciation compared to N411.65/$1 recorded on Tuesday, 27th July 2021. On the other hand, the naira
