Naira closed the week stronger to the dollar after four days of trading at the I&E window of the foreign exchange market. Naira had opened the...
Exchange rate of Nigeria’s currency, the Naira, on Thursday closed at N409.65k as against N411.00 it closed on Wednesday at the Investors and Exporters (I&E) forex...
Nigeria’s currency on Wednesday weakened further by 0.12 percent following strong demand at the Investors and Exporters (I&E) forex window. After trading on Wednesday naira/dollar exchange...
The value of Nigeria’s currency dropped by N1.20k or or 0.29 percent on Tuesday after the Easter celebrations at the I&E window of the foreign exchange...
The Ghanaian cedi has emerged the best currency in Africa for the first quarter of 2021, according to data from Databank Research. Ghana ended the first...
On Thursday, April 1, 2021, Naira closed at N485.00 to the dollar at the black market, this represents N1.00 or 0.21 percent appreciation from N486.00, the...
Nigeria’s currency on Wednesday appreciated by 0.08 percent stronger than the dollar at the Investors and Exporters (I&E) forex window, despite low liquidity. This is the...
The salaries of employed Nigerians have been eroded by a weaker Naira and rising inflation, over the last two years, dashing the hopes of a comfortable...
Although a slight gain, Nigerian Naira recorded 0.03 percent improvement against the U.S dollar at the Investors & Exporters window of the foreign exchange market on...
Nigeria’s currency, naira on Monday gained 0.21 percent in its value against the dollar, which closed at N409 compared to N410 it closed on Friday at...
The foreign exchange market closed the week with Naira gaining marginally by 0.031 percent after exchanging with the dollar at N410.05 on Friday compared to N410.13...
Despite increase in dollar supply, the Nigerian Naira grew weaker against the US dollar on Thursday. After trading on Thursday, the foreign exchange market closed with...
Nigeria’s currency on Wednesday appreciated by 0.26 percent stronger than the dollar at the Investors and Exporters (I&E) forex window according to data from FMDQ Security...
Naira gained marginally against the United States Dollar on Tuesday to close at N409.80/$1, data posted on the FMDQ Securities Exchange showed. This represents a N0.33...
The Federal Government on Monday announced another currency reform as Naira falls across foreign exchange markets in the country. The Minister of Finance, Budget and National...
No respite yet for Naira at the foreign exchange (FX) market, two weeks after the introduction of a new FX policy tagged “Naira 4 Dollar” scheme...
Nigeria’s currency on Thursday strengthened marginally by 0.02 percent at the Investors and Exporters (I&E) forex window. Naira closed with the dollar quoted at N409.67k as...
On Tuesday, March 16, 2021, Naira depreciated against the U.S dollar at the Investors & Exporters (I&E) window of the foreign exchange market, according to data...
Naira steadied at N485 per dollar on Monday at the black market the same rate it closed on Friday. However, at the Investors & Exporters (I&E)...
The Naira ended the week trading at N485 against the dollar, N5 or 1.04 percent lower, in the black market, when compared to the 480 it...
Naira on Thursday gained against the dollar at the Investors & Exporters (I&E) window of the foreign exchange market to close at N409 to the dollar...
After hitting two consecutive days of low, on Wednesday, the naira crept to a gain at the Investor and Exporter window. Data from the FMDQ Security...
As feared, the Naira is inching closer to N500 mark this week, as Nigeria’s currency fell by another N2 or 0.42 percent to close at N484...
Naira depreciated against the dollar on the black market on Monday by N2, according to data gleaned from abokiFX.com, a website that collates parallel market rates...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Despite the rise in crude oil prices this week, the sustained demand for dollars in the foreign exchange market means Nigeria’s currency ended the week 0.18...
Nigeria’s currency on Thursday recorded 1.1 percent appreciation to close at N406.50 against the dollar. This represents a N4.50 gain when compared to N411 recorded on...
Nigeria’s currency on Wednesday signaled a return to the green at the Investors and Exporters (I&E) forex as Naira close at N411 per dollar, a marginal...
The exchange rate between the naira and the United State’s Dollar closed at N411.63/$1 at the Investors and Exporters window on Tuesday, March 2. This represents...
Nigeria’s currency, the naira, on Monday strengthened against the dollar by 0.26 percent at the Investors and Exporters (I&E) forex window to close at N409.2/$1. On...
Nigeria’s currency on Tuesday gained 0.34 percent to close at N408.60k per dollar compared to N410.00k closed since two days at the Investors and Exporters (I&E)...
On the parallel market, Nigeria’s currency on Monday exchanged at N480 per dollar. This is according to data from AbokiFX.com, a website that collates parallel market...
The Central Bank of Nigeria (CBN) in the first half ended June 2020, injected a cumulative sum of $10.31 billion to cushion demand pressures and ensure...
The Naira depreciated against the dollar to close at N478/$1 at the black market on Wednesday, data posted on abokiFX.com, a website that collates parallel market...
Nigeria’s Naira is one of Africa’s low-performing currencies so far in 2021 after dropping 2.85 percent of its value against the United States dollar in the...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Naira put up a poor performance against the dollar at the Investors and Exporters (I&E) window on Wednesday as trading closed at N394.17k per dollar. This represents a 0.21 percent...
The Naira has, once again, weakened at the black market as the exchange rate at the parallel market suffered its second depreciation of the year. The...
Naira weakened across various segments of the currency market on Tuesday as commercial activities resumed following a two-day holiday observed on Friday and Monday in celebration...
The Central Bank of Nigeria (CBN) has revealed in its latest Business Expectations Survey Report for December that the naira will likely shed value further in...
Naira strengthened against the United States dollar on the parallel market on Wednesday as banks strived to meet foreign exchange demand particularly for Personal Travel Allowance...
Naira gained slightly against the United States dollar on Monday on the black market as the country’s foreign exchange reserves lost $437 million in the two...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Naira depreciated against the United States dollar on the black market on Thursday after the Central Bank of Nigeria (CBN) introduced of a new policy, prohibiting...
Naira weakened marginally against the dollar on the black market on Wednesday, falling by N1 or 0.21% to N476, data from abokiFX, an exchange rate tracking...
Time-to-time measures taken by monetary authorities in the foreign exchange systems of Nigeria and other emerging economies are creating an undue optimism in the local currency,...
Naira weakened slightly against the United States dollar on the black market Tuesday, changing hands at N483 as Nigeria’s foreign exchange reserves declined by $452 million...
The difference between the official exchange rate of naira to the U.S. dollar and that of the parallel market tightened to its smallest in three weeks,...
Naira strengthened on black market on Tuesday, exchanging at N490 for the United States dollar, following an announcement of the Central Bank of Nigeria (CBN), permitting...
The Central Bank of Nigeria (CBN) has weakened the local currency for the third time in 2020, while striving to curb dollar demand in the face...
