Exchange rate remains stable at forex markets as oil prices edge near $75 per barrel

Monday, 26th July 2021: The exchange rate between the naira and the US dollar closed at N411.5/$1 at the Investors and Exporters window, where forex is traded officially. Naira remained flat against the US dollar to close at N411.5/$1 on Monday, same as recorded on Friday, 23rd July 2021. In the same vein, naira remained […]

Exchange rate gains at official forex market despite reduction in dollar supply. Oil trades at $73.7 pb

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

Exchange rate gains at official forex market despite reduction in dollar supply. Oil trades at $73.7 pbRead More »

Exchange rate gains at parallel market as CBN moves to launch digital currency in October

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 »

Exchange rate falls at official market despite 44.3% increase in dollar supply

Monday 19th July 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the official forex market. Naira depreciated against the US dollar on Monday, 19th July 2021 to close at N411.67/$1. This represents a N1.29 gain when compared to N410.38/$1 that was recorded on Friday, 16th July 2021. At the

Exchange rate falls at official market despite 44.3% increase in dollar supplyRead More »

Naira falls to N506/$ at parallel market as dollar supply slides by 5.77%. Crude oil trades at $72.58 pb

Friday 16th July 2021: The exchange rate between the naira and the US dollar closed at N410.38/$1 at the official forex market. Naira appreciated against the US dollar on Friday, 16th July 2021 to close at N410.38/$1. This represents an 82 kobo gain when compared to N411.2/$1 that was recorded on Thursday, 15th July 2021. At

Naira falls to N506/$ at parallel market as dollar supply slides by 5.77%. Crude oil trades at $72.58 pbRead More »

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

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 »

Naira falls at official window following dollar supply decline. Crude oil trades $76.49 pb

Tuesday, 13th July 2021: The exchange rate between the naira and the US dollar closed at N411.75/$1 at the official Investors and Exporters window. Naira depreciated against the US dollar on Tuesday to close at N411.75 to a dollar, representing a 0.06% decline compared to N411.5/$1 recorded on Monday, 12th July 2021. At the parallel

Naira falls at official window following dollar supply decline. Crude oil trades $76.49 pbRead More »

Naira gains at FX market as dollar supply increases by 141%. Oil trades at $74.3 pb

Monday, 12th July 2021: The exchange rate between the naira and the US dollar started the week on a positive note as it closed at N411.5/$1 at the official forex market. Naira appreciated against the US dollar on Monday, closing at N411.5 to a dollar, representing a 0.06% gain compared to N411.75/$1 recorded on Friday,

Naira gains at FX market as dollar supply increases by 141%. Oil trades at $74.3 pbRead More »

Naira falls across FX markets, trades as high as N460/$1 at NAFEX window. Crude oil hits $75.55 pb

Friday, 9th July 2021: The exchange rate between the naira and the USD closed at N411.75/$1 at the official Investors and Exporters forex window. Naira fell against the US dollar on Friday to close at N411.75/$1, representing a 0.12% depreciation compared to N411.25/$1 recorded on Thursday. It also represents a 0.12% week-on-week fall compared to

Naira falls across FX markets, trades as high as N460/$1 at NAFEX window. Crude oil hits $75.55 pbRead More »