Naira Strengthens Against Dollar     Barely 24 hours Naira was forced to a downward trajectory by dollar scarcity it bounced back, closing at N477 to a dollar at the parallel market in Lagos. The Pound Sterling and the Euro traded at N608 and N550, respectively. The Naira, however,...

Naira Weakens To N480/$1 On Plans To Re-start International Flights     The naira on Tuesday fell 1.04 per cent to N480 to dollar on the black market after the Federal Government said it would reopen airports for international travel in two weeks, a move that could...

Investment One’s Dollar Fund Offers Investor Comfort Amid FX Uncertainty     As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations around devaluation of the local currency as was...

Naira Exchanges At N472/$ At Parallel Market   The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos. The Pound Sterling and the Euro also exchanged for N575 and N530 respectively. The Naira, however, traded at N388.17 to a dollar at the...

Naira Sells At N381/$   The naira resumed trading on the official market at 381 to the dollar after no quotes for two straight sessions, as the central bank unified the country’s multiple exchange rates, Reuters reported on Wednesday. It noted that the central bank had been...

Official Exchange Rate May Hit N430/$ – Report     The nation’s official exchange rate may fall to N430 to the dollar by the end of 2020, United Capital Plc, a pan-African investment banking and financial services group, said on Tuesday. The firm, in its economic forecast for...