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...
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...
