Friday 28th May 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Investors and Exporters forex window. The naira depreciated against the US dollar on Friday at the official NAFEX window to close at N412 to a dollar. This represents a 0.24% decline compared to N411/$1 recorded on […]
Thursday, 27th May 2021: The exchange rate between the naira and the US dollar closed at N411/$1 at the Importers and Exporters window, where forex is traded officially. The Naira appreciated further against the US dollar on Thursday at the official NAFEX window to close at N411 to a dollar. This represents a 0.12% gain when
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
Tuesday, 25th May 2021: The exchange rate between the naira and the US dollar closed at N411.56/$1 at the Importers and Exporters window, where forex is traded officially. Naira depreciated against the US dollar on Tuesday at the official NAFEX window to close at N411.56 to a dollar. This represents a 0.08% drop when compared to
Naira falls at parallel market as CBN formally adjusts official rate to N410.25/$Read More »
Monday, 24th May 2021: The exchange rate between the naira and the US dollar closed at N411.25/$1 at the Importers and Exporters window, where forex is traded officially. Naira appreciated against the US dollar on Monday at the official NAFEX window to close at N411.25 to a dollar. This represents a 0.18% gain when compared to
Naira depreciates at black market despite gains at official windowRead More »
Friday, 21st May 2021: The exchange rate between the naira and the US dollar closed at N412/$1 at the Importers and Exporters window, where forex is traded officially. Naira fell against the US dollar on Friday at the official NAFEX window to close at N412 to a dollar. This represents a 0.17% drop when compared to
Exchange rate falls across FX markets. Cryptos dip further following massive sell-offRead More »
Thursday, 20th May 2021: The exchange rate between the naira and the US dollar closed at N411.31/$1 at the Importers and Exporters window, where forex is traded officially. Naira fell against the US dollar on Thursday at the official NAFEX window to close at N411.31 to a dollar. This represents a 0.14% depreciation when compared
Naira falls to N411.31/$1 at the NAFEX window following oil price plunge to $65.11pbRead More »
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
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,
Nigeria’s FX utilization falls 65% to $4.98 billion in Q1 2021Read More »
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 »
