Naira Trades N738/$1 at I&E Window, Sells 918/1$ at Parallel Market Naira gained 4.79 percent of its value against the dollar at the Investors and Exporters (I&E) forex window on Wednesday. At the end of trading on Wednesday, the dollar was quoted at N738.18/$1 as against...

Naira Recovers, Exchanges For N742/$   The naira rebounded yesterday to N742/$ in the Investors and Exporters (I&E) Window- official market. The rate represents N53/$ gain from at N795.2/$ it closed on Monday. The rate at the parallel market was N812/$, which was stronger than N820 it...

CBN Commits $16.9bn To Forex Market In H1, 2022   The Central Bank of Nigeria (CBN) disbursed about $16.9 billion in its foreign exchange market interventions and statutory obligations in the first half of 2022, H1’22, about 4.0 percent drop against $17.6 billion sold in the...

Naira Extends Decline As Dollar Hits N535       The Nigerian currency extended its slide against the dollar on Wednesday, dropping to a new all-time low at the parallel market in Lagos. The naira has been falling steadily since the start of this month amid the lingering scarcity...

Forex Transactions At I&E Window Rises By 59.37%       Foreign exchange transactions at the Investors’ & Exporters (I&E) window increased by 59.37 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April 2017 amid severe forex scarcity created the...

Forex Transactions At I&E Window Drop By 24.56%       Foreign exchange transactions at the Investors’ & Exporters (I&E) window declined by 24.56 per cent last week, according to FMDQ Securities Exchange Limited. The Central Bank of Nigeria had in April 2017 amid severe forex scarcity created the...