Wednesday, 24th March 2021, the exchange rate between the naira and the US Dollar closed at N408.75/$1 at the Investors and Exporters window. Naira gained against the US Dollar again on Wednesday to close at N408.75 to a dollar, representing a 0.26% gain compared to N409.8/$1 recorded on Tuesday. However, in the parallel market, the […]
The exchange rate between the naira and the US Dollar closed at N409.8/$1 at the I&E window as oil prices crashed to the $60 per barrel region. Tuesday, 23rd March 2021, the exchange rate between the naira and the US Dollar closed at N409.8/$1 at the Investors and Exporters window, where forex is traded officially.
Naira closes at N409.8/$1 at NAFEX as oil price crashes to $60Read More »
West Texas Intermediate (WTI), crude futures plunged by over 3% to trade below $60 a barrel. Oil prices lost more than 3% at the second trading session of the week on concerns that new COVID-19 lockdown and slow vaccine rollouts in Europe will slow energy demand arbitrarily. At the time of writing this report, West
Crude oil prices drifted lower at the first trading session of the week in London. Oil traders are arbitrarily going short, on signs of more COVID-19 lockdowns in Europe. At the time of drafting this report, Brent crude futures were down 0.57% to trade at $64.16 a barrel, West Texas Intermediate futures lost about 0.54%
Oil prices dip further below $65pb following rising COVID-19 casesRead More »
Crude oil prices rallied higher at the first trading session of the week boosted by the growing hopes for fuel demand recovery in the second half of this year and curbs in oil production from major producers. Oil traders are currently excited, that the COVID-19 weekly death toll in the world’s largest economy has dropped
Oil prices rally high on improved energy demand outlookRead More »
Monday 8th March 2021: The exchange rate between the naira and the US Dollar closed at N411.88/$1 at the Investors and Exporters window Naira depreciated yet again to a record low of N411.88/$1 on Monday 8th March 2021 at the NAFEX window, representing a 0.21% decline when compared to N411/$1 recorded on the previous trading
Friday 5th March 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 as it closed at N411 to a dollar at the NAFEX window, representing a 1.11% decline when compared to
Week begins with Naira at N411/$1 at NAFEX as oil price finally hits $70 per barrel.Read More »
Tuesday 16th February 2021: The exchange rate between the naira and the dollar depreciated slightly closing at N410/$1 at the NAFEX (I&E Window) where forex is traded officially. This is as the naira hit N423.15/$1 during trading day despite the global oil prices crossing the $64 mark. Naira closed against the US Dollar at N410/$1,
Crude oil prices were all fired up at the fourth trading session of the week, as it continued an almost week-long bullish run, passing 13-month highs. The arctic blast presently in play at Texas continues to distort oil production, with more than 20% of U.S. refining output and a million barrels of oil output closed
Oil prices sells above $65 per barrel, passing 13-month highRead More »
On February 5, 2021, the exchange rate between the naira and the dollar appreciated closing at N396.17/$1 at the NAFEX (I&E Window) where forex is traded officially. On the parallel market where forex is traded unofficially, the naira exchanged for the dollar at N480/$1 unchanged from the previous days trading. Trading turnover at the I&E window rose
Naira gains value at NAFEX window as Oil prices approach $60 markRead More »
