The US dollar stands at ₦455/US$1 in the parallel market. The exchange rate between the naira and the US dollar for today (Monday, September 21st 2020), stands at ₦465/US$1 in the parallel market. The rate had also closed at ₦465/US$1 on Friday, September 18th 2020. Naira: ₦465 Dollar: $1 Date: September 21st, 2020 The exchange […]
The Fed’s message is that policy will remain accommodative, but there is no real appetite for adding to the easing. The U.S dollar was trading lower in the latter part of Asia’s trading session on Monday. The slump was triggered on growing concerns about whether the safe-haven currency had found its footing after five straight
U.S dollar drops, low U.S interest rates expected to persist for longRead More »
The Naira depreciated against the dollar to close at N465/$1 on Friday. Nigeria’s exchange rate at the NAFEX window remained stable for the fifth consecutive trading day to still close at N386/$1 during intraday trading on Thursday, September 18. Also, the naira depreciated closing at N465/$1 at the parallel market as BDC operators expect another
Naira falls at black market as dollar scarcity hits the forex marketRead More »
The US dollar stands at ₦465/US$1 in the parallel market. The exchange rate between the naira and the US dollar for today (Friday, September 18th 2020), closed at ₦465/US$1 in the parallel market. The rate had closed at ₦462/US$1 on Thursday, September 17th 2020. Naira: ₦465 Dollar: $1 Date: September 18th, 2020 The exchange rate between the
Daily Parallel Market exchange rate – ₦465/$1; ₦600/₤1; ₦548/€1Read More »
The Naira appreciated against the dollar to close at N462/$1 on Thursday. Nigeria’s exchange rate at the NAFEX window remained stable for the fourth consecutive trading day to still close at N386/$1 during intraday trading on Thursday, September 17. Also, the naira appreciated closing at N462/$1 at the parallel market as the Central Bank of
Naira gains at black market as CBN move against prominent businessmen for forex abuseRead More »
To truly diversify from oil and create proper value, agriculture must give birth to an industry. Over the years, Nigerians have clamored for a diversified economy, that is not over-reliant on crude oil. Recently there have been several talks about agriculture being on the front-burner of our exports. But the reality is that there is
U.S. West Texas Intermediate fell by 1.57%, to trade at 39.53/barrel, after gaining 4.9% yesterday. Crude oil prices dropped at Asia’s trading session on Thursday morning, after rising in the two previous sessions. The slide was attributed to growing concerns on oversupplies after it re-emerged that some oil installations around the Gulf of Mexico are
Crude oil prices drop on fears of oil glut, OPEC meets todayRead More »
The Naira depreciated against the dollar to close at N465/$1 on Wednesday. Nigeria’s exchange rate at the NAFEX window remained stable for the third consecutive trading day to close at N386/$1 during intraday trading on Wednesday, September 16. In sharp contrast, the naira remained depreciated to close at N465/$1 at the parallel market as the
Naira falls to N465/$1 as forex ban on food imports pile pressure on black marketRead More »
The US dollar closed at ₦465/US$1 in the parallel market The exchange rate between the naira and the US dollar for today (Wednesday, September 16th 2020), closed at ₦465/US$1 in the parallel market. The rate had closed at ₦465/US$1 on Tuesday, September 15th 2020. Naira: ₦465 Dollar: $1 Date: September 16th, 2020 The exchange rate between the
Daily Parallel Market exchange rate – ₦465/$1; ₦595/₤1; ₦540/€1Read More »
At the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N465/$1 on Tuesday. Nigeria’s exchange rate at the NAFEX window remained stable to close at N386/$1 during intraday trading on Tuesday, September 15. Also, the naira remained stable to close at N465/$1 at the parallel market after fresh
Exchange rate stabilizes across forex markets as BDC window gets fresh dollar supplyRead More »
