Naira volatility despite foreign exchange interventions by the Central Bank of Nigeria (CBN) is being compounded by rising inflation, interest rate hike and slow economic growth with consequences for middle- and low-income earners, President, Association of Bureaux De Change Operators…
The exchange rate between the naira and the US dollar closed at N420/$1 at the Investors and Exporters (I&E) window. Naira gained against the US dollar on Thursday, reaching its highest level in the week to close at N420.17/$1, representing…
Financial experts say the continuous downfall of the Naira has worsened the living standards of Nigerians and made inflation to rise. The experts said in separate interviews that if the local currency continued to fall against the dollar, it could…
The exchange rate between the naira and the US dollar closed at N421.33/$1 at the Investors and Exporters (I&E) window. Naira remained stable at the official Investors and Exporters window on Monday, closing at the same rate as it did…
The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N421.25 to the dollar, a 0.30 per cent appreciation against N422.50 traded on Thursday. The open indicative rate closed at N419.34 to the dollar on Friday. An…
The Naira depreciated against the dollar at the Investors and Exporters window on Friday as it exchanged at N419.75 to the dollar, a 0.06 per cent depreciation, compared to N419.50 to the dollar on Thursday. The open indicative rate closed…
The Naira on Tuesday, exchanged at 419.00 to the dollar at the Investors and Exporters window, compared to 420.23 traded on Monday, representing 0.32 per cent appreciation. The open indicative rate closed at N418.00 to the dollar on Tuesday. An…
The Naira on Friday, exchanged at 419.02 to the dollar at the Investors and Exporters window, compared to 420.33 traded on Thurday, representing 0.31 per cent appreciation. The open indicative rate closed at N418.35 to the dollar on Friday. An…
The Naira, on Thursday, exchanged at 420.33 to the dollar at the Investors and Exporters window, compared to 419.25 traded on Wednesday, representing 0.26 per cent depreciation. The open indicative rate closed at N417.70 to the dollar on Thursday. An…
The Naira, on Wednesday, exchanged at N419.25 to the dollar at the Investors and Exporters window, compared to N418.50 traded on Tuesday, representing 0.18 per cent depreciation. The open indicative rate closed at N418.00 to the dollar on Wedneday. An…
