…Transaction volume soars by 138.57% By Sodiq Adelakun Naira experienced a remarkable gain of 4.79 percent against the US dollar on Wednesday at the Investors and Exporters (I&E) forex window. This positive development was attributed to increased liquidity in the…
By Sodiq Adelakun One dollar is currently trading at an average rate of N792.50 at the parallel market, also known as the black market. In some parts of Lagos like Festac, dollars are being quoted at N790 and N795 in…
The Naira appreciated against the dollar on Wednesday, exchanging N461.24 at the investors’ and exporters’ window. The rate represented an increase of 0.11 per cent when compared to the N461.75 for which it exchanged to the dollar on Tuesday. The…
The naira on Friday exchanged at 445.33 to the dollar at the Investors and Exporters window, an appreciation of 0.11 per cent, compared with the 445.83 it exchanged on Thursday. The open indicative rate closed at N444.75 to the dollar…
The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened 30 pips to 7.1638 against the dollar on Wednesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed…
The exchange rate between the Naira and the US dollar at the black market fell significantly by 1.75 per cent to trade at N755/$1 on Friday, 21st October 2022, when compared to N742/$1 recorded in the previous trading session. This…
The exchange rate between the Naira and the US dollar at the black market increased by 0.13 per cent to trade at N742/$1 on Thursday from N743/$1 recorded in the previous trading session. The Naira at the cryptocurrency peer-to-peer FX market…
The exchange rate between the Naira and the US dollar at the black market fell to N743/$1 on Wednesday, reflecting a slight decrease of 0.13 per cent from N742/$1 recorded in the previous trading session. The Naira at the cryptocurrency…
The exchange rate between the naira and the US dollar at the blackmarket closed flat at N742/$1 on Tuesday, depreciated by 1.5 per cent in the previous trading session. The naira at the cryptocurrency peer-to-peer FXmarket depreciated by 0.81 per…
The persistent depreciation and instability of the naira against the Dollar has continued to cause a skyrocketed inflation in Nigerian economy. This is reflected on the surge of goods and services depending on input from abroad. For instance, incessant fall…
