Naira Gains Against Dollar As Forex Rise By 242%     Forex turnover at the Investor and Exporters (I&E) window recorded a huge increase on Monday, June 29, 2020, as it rose by 242%, a significant increase from what was recorded on Friday, June 26, 2020, in the foreign exchange market. This is according...

Naira Falls Further At Black Market     The naira dropped further on Wednesday morning to sell at a rate of N453 to $1 at the black market as against N451 to $1 recorded on Tuesday, showing a differential of N2.00, as individuals and businesses rushed to...

Naira Remains Stable At The Parallel Market   The naira maintained stability against the American dollar at the parallel segment of the foreign exchange market, this week. Nigeria’s currency sold at N450 to $1 on Friday and has remained at this rate for the past six...

Firms Expect Further Naira Depreciation As Dollar Sells For N440   Business organisations in the country expect the naira to depreciate further in the next few months, a report by the Central Bank of Nigeria has said. The dollar on Thursday sold for N440 in the parallel...

Naira Appreciates To N385.50/$1     The naira appreciated to N385.50 at the Investors and Exporters (I&E) window on Monday, June 1, 2020, as the Central Bank of Nigeria’s intervention in the foreign exchange market intensifies. The demand pressure on the foreign exchange market by currency speculators...

BDCs Caution Members Against Speculation, Dollar Exchanges N461/$     The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money. This came as the dollar was on Wednesday...