The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is traded officially. Naira gained against the US dollar on Friday to its highest level during the week…
The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N416.25/$1, while it traded as high as N444/$1 before settling lower. Naira gained further against the US dollar on Wednesday…
…Naira appreciated at the parallel market with a 0.53% gain to close at N568 to a dollar By Seun Ibiyemi The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at…
Exchange rate gains at official market as forex turnover records boosThe exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N416 Naira appreciated marginally against the US dollar on Friday…
Naira has fallen to a record low at the peer-to-peer (P2P) parallel market to trade for as high as N581.1 to a dollar. This is according to observations by analysts on P2P exchange applications. At N581.4/$1 it represents a 0.8%…
Nigerian naira tumbled to N435 against the dollar at the official market on Friday. This is coming as the Central Bank of Nigeria (CBN) adjusted the country’s exchange rate on its website to N413.49/$1 — in what seems to be…
Naira has recorded significant gain at the parallel market on Thursday as it rose to N560/$1 in the early hours of Thursday, 30th December 2021. This is according to information obtained by Nairametrics from Bureau De Change operators in Lagos…
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed. The reserves dropped to N$41.22bn as of November 29 from $41.83bn on October 29. The CBN also disclosed that at…
The total currency in circulation in Nigeria hit an all-time high of N2.97 trillion as of October 2021, data from the central bank’s money and credit stats reveal. The currency in circulation is the total amount of physical cash represented…
The naira has appreciated further in the parallel market as the dollar was sold for N540 on Wednesday, with traders saying speculators hoarding dollars would be losing a lot of money. The dollar, which was bought and sold for N578…
