The exchange rate between the naira and dollar sold at an intra-day high of N869/$1 at the Investor & Exporter Window. This is according to data from the FMDQ. The intra-day high represents the highest price the dollar was traded…
The Naira on Friday ended the week losing against the dollar, exchanging at N775.76, at the Investors and Exporters window. The local currency lost 0.93 per cent when compared with N768.60 which it exchanged for the dollar on Thursday. The…
By Sodiq Adelakun The acting Governor, Central Bank of Nigeria, Folashodun Shonubi, has said the bank will address the demand pressure on the country’s exchange rate, as the naira continued to slide against the dollar. He gave the assurance while…
By Sodiq Adelakun Naira yesterday appreciated against the dollar across foreign exchange (FX) market as demand for the greenback moderated. In some FX trading areas across the country on Wednesday, naira steadied at N867 per dollar. In some other areas…
By Sodiq Adelakun Nigeria’s currency on Wednesday fell to all-time low of N860 per dollar at the parallel segment of the foreign exchange (FX) market, also called the black market. The naira depreciation followed strong demand for dollars by individuals…
At the Investors’ and Exporters’ (I&E) forex window, the naira gained 6.58 percent as the dollar was quoted at N742.93 on Tuesday as against N795.28 quoted on Monday, data from the FMDQ indicated. The naira appreciation was helped by increased…
By Sodiq Adelakun Naira on Tuesday exchanged with the dollar at an average rate of N825 as demand intensifies at the parallel market, also known as black market. This is the same rate it closed on Monday at the same…
The Naira on Monday appreciated against the dollar, exchanging at N795.28 at the investors and exporters window. The Naira increased by 1.07 per cent when compared with N803.90 which it exchanged to the dollar on July 14. The open indicative…
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…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) drew down Nigeria’s foreign reserves and expended $17.81billion to defend the nation’s weak currency, at the foreign exchange (forex) markets in 2022. According to the apex bank in its Annual CBN…
