Friday, 18th June 2021: The exchange rate between the naira and the US dollar closed at N411/$1 at the official Investors and Exporters window. Naira appreciated on Friday against the US dollar to close at N411 to a dollar compared to N411.5/$1 recorded on Thursday, 17th June, 2021. Also, the exchange rate depreciated at the parallel […]
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
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 »
Tuesday, 15th June 2021: The exchange rate between 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. This represents a 95kobo decline compared to N410.8/$1 recorded on Friday, 11th June 2021. Also, the naira
Naira falls at FX markets despite increase in dollar liquidityRead More »
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 »
Brent crude oil reached $71 last week as it headed to a second consecutive week of gains on signs of a recovery in demand from the United States to Europe, increasing optimism among producers with OPEC+ confirming its plans to ease the production cuts by 840,000 barrels per day (bpd) in July. Although oil prices
Forex scarcity despite oil prices selling as high as $71pb? This article explains why.Read More »
Monday, 31st May 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Nigerian Autonomous Foreign Exchange window (NAFEX). Naira remained flat at the Investors and Exporters window on Monday, as it closed at N412 to a dollar, the same as was recorded on Friday, 28th May 2021. Similarly,
Naira remains stable across forex markets as crude oil price hits $70Read More »
Wednesday, 26th May 2021: The exchange rate between the naira and the US dollar closed at N411.50/$1 at the Importers and Exporters window, where forex is traded officially. The Naira appreciated against the US dollar on Wednesday at the official NAFEX window to close at N411.50 to a dollar. This represents a 0.01% gain when compared
Wednesday, 19th May 2021: The exchange rate between the naira and the US dollar closed at N410.75/$1 at the Nigerian Autonomous Foreign Exchange (NAFEX) market, where forex is traded officially. Naira appreciated against the US dollar on Wednesday at the Importers and Exporters window to close at N410.75 to a dollar as against N411.63/$1 that
Tuesday, 18th May 2021: The exchange rate between the naira and the US dollar closed at N411.63/$1 at the Importers and Exporters window, where forex is traded officially. Naira depreciated against the US dollar on Tuesday to close at N411.63 to a dollar compared to N411.5/$1 recorded on Monday, 17th May 2021. This represents a
