Data from the Central Bank of Nigeria reveals Nigeria utilized $4.98 billion on the import of goods and services into the country in the first quarter of 2021. This compares to $14.3 billion utilized in the first quarter of 2020 representing a 65% drop. This is the lowest utilization of forex in Nigeria since 2017, […]
Friday, 14th May 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the Importers and Exporters window, where forex is traded officially. Naira depreciated further against the US dollar, for the fourth consecutive trading session to close at N411.67 on Friday, 14th May 2021. This represents a 42 kobo
Naira depreciates across FX markets despite increase in dollar supplyRead More »
Naira remained stable at the parallel market as it closed at N485/$1 on Tuesday, 4th May 2021, the same as recorded on the previous day. Tuesday, 4th May, 2021: The exchange rate between the naira and the US dollar closed at N411/$1 at the official NAFEX window. Naira depreciated at the Importers and Exporters window
Naira weakens at NAFEX window as Bitcoin slumps by over 5%Read More »
Wednesday, 28th April 2021: The exchange rate between the naira and the US dollar closed at N411.25/$1 at the Importers and Exporters window. Naira appreciated on Wednesday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411.25 to a dollar. This represents a 42 kobo gain when compared to the N411.67/$1 that
Naira appreciates at official window despite 30.7% drop in dollar supplyRead More »
Naira depreciated on Tuesday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411.67 to a dollar. Tuesday, 27th April 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the Importers and Exporters window. Naira depreciated on Tuesday, at the Nigerian Autonomous Foreign Exchange (NAFEX)
Naira falls to N411.67/$ at NAFEX. CBN moves to further boost diaspora remittancesRead More »
Monday, 26th April 2021: The exchange rate between the naira and the US dollar closed at N410/$1 in the Importers and Exporters window. Naira remained stable on Monday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N410 to a dollar, the same rate that was recorded on Friday, 23rd April 2021.
Exchange rate remains flat across FX markets. Bitcoin rebounds, up by over 7%Read More »
Friday, 23rd April 2021: The exchange rate between the naira and the US dollar closed at N410/$1 in the Importers and Exporters window. Naira maintained stability on Friday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N410 to a dollar, the same rate that was recorded on Thursday, 22nd April 2021.
Friday, 16th April 2021, the exchange rate between the naira and the US dollar closed at N411/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated against the US dollar on Friday 16th April 2021 to close at N411 to a dollar. This represents a 0.12% fall compared to N410.5/$1 recorded
Naira falls to N411/$1 at NAFEX window. Bitcoin slumps 15% to trade at $56,377.84.Read More »
Wednesday, 31th March 2021, the exchange rate between the naira and the US Dollar closed at N408.67/$1 at the Investors and Exporters window. The naira appreciated against the US Dollar on Wednesday, 31st March 2021 gaining for the fifth consecutive day at the NAFEX window to close at N408.67 to a dollar despite a 26.2%
Naira gains at NAFEX window to close at N408.67/$1 following 26.2% drop in dollar supplyRead More »
Friday, 26th March 2021, the naira appreciated marginally at the parallel market, as it closed at N485/$1, representing a N1 gain when compared with the N486/$1 that was recorded in the previous trading day. However, the exchange rate between the naira and the US Dollar closed at N410/$1 at the Investors and Exporters window. Naira
