Exchange rate gains value across FX markets as dollar supply improves by 38%

Friday, 7th May 2021: The exchange rate between the naira and the US dollar closed at N410.33/$1 at the Importers and Exporters window, where forex is traded officially. Naira appreciated against the US dollar to close at N410.33 to a dollar on Friday, 7th May 2021, representing a 67 kobo gain when compared to N411/$1 […]

Naira weakens at NAFEX window as Bitcoin slumps by over 5%

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

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Naira maintains gain at official window as oil prices inch close to $70

Thursday, 29th April 2021: The exchange rate between the naira and the US dollar closed at N411/$1 at the Importers and Exporters window. Naira appreciated on Thursday, at the Nigerian Autonomous Foreign Exchange (NAFEX) window, as the rate closed at N411 to a dollar. This represents a 25 kobo gain when compared to the N411.25/$1 that

Naira maintains gain at official window as oil prices inch close to $70Read More »

Naira appreciates at official window despite 30.7% drop in dollar supply

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

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Naira falls to N411.67/$ at NAFEX. CBN moves to further boost diaspora remittances

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 »

Exchange rate remains flat across FX markets. Bitcoin rebounds, up by over 7%

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 »

Naira remains stable across FX markets. Nigerians continue to accumulate dollars to protect wealth

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.

Naira remains stable across FX markets. Nigerians continue to accumulate dollars to protect wealthRead More »

Naira gains at NAFEX window despite low FX supply

Wednesday, 21st April 2021: The exchange rate between the naira and the US dollar closed at N410 to a dollar at the Importers and Exporters window, where forex is traded officially. Nigeria’s exchange rate appreciated against the US dollar on Wednesday to close at N410/$1. This represents a 0.16% gain compared to N410.67/$1 recorded on

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Naira declines against USD as external reserves plunges

Tuesday, 20th April 2021: The exchange rate between the naira and the US dollar closed at N410.67/$1 at the investors and exporters window, where forex is traded officially. Naira depreciated against the US dollar to close at N410.67 to a dollar on Tuesday, 20th April 2021. This represents a 0.08% decline when compared to N410.33/$1

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Naira falls to N411/$1 at NAFEX window. Bitcoin slumps 15% to trade at $56,377.84.

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 »