Tuesday, 7th September 2021: The exchange rate between the naira and the US dollar closed at N410.67/$1 indicating a further appreciation at the official Investors and Exporters window. Naira gained against the US dollar on Tuesday, to close at N410.67/$1 compared to N411.13/$1 recorded at the close of trade on Monday, 6th September 2021, representing […]
Friday, 13th August 2021: The exchange rate between the naira and the US dollar closed at N410.80/$1 at the official Investors and Exporters window. Naira appreciated against the US dollar to close at N410.80/$1 on Wednesday, representing a 0.21% gain when compared to the N411.67/$1 that was recorded the previous day. However, the naira still remained stable at the
Exchange rate appreciates at official market despite 27.8% drop in dollar supplyRead More »
Monday, 12th July 2021: The exchange rate between the naira and the US dollar started the week on a positive note as it closed at N411.5/$1 at the official forex market. Naira appreciated against the US dollar on Monday, closing at N411.5 to a dollar, representing a 0.06% gain compared to N411.75/$1 recorded on Friday,
Naira gains at FX market as dollar supply increases by 141%. Oil trades at $74.3 pbRead 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 »
One of Africa’s leading e-commerce companies, Jumia reported a loss after tax of Eur 37.6 million (N17 billion) in the second quarter of 2020 despite the rampaging effect of COVID-19. E-commerce firms were expected to be one of the major beneficiaries of COVID-19 pandemic as consumers gravitated to online orders to meet essential needs. The
Jumia reports N17.1 billion loss in Q2 as COVID-19 fail to boost revenueRead More »
