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Naira Gains by 0.07% at Investors, Exporters Window

Naira Gains by 0.07% at Investors, Exporters Window The naira on Thursday exchanged at 461.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by 0.07 per cent compared to  the 461.50 it exchanged for on Wednesday. The open market  indicative rate...

Naira Drops Across Markets As Forex Reserves Dwindle

Naira Drops Across Markets As Forex Reserves Dwindle   The naira has continued its free fall across the exchange markets as Nigeria’s foreign exchange (forex) remained depressed amidst dwindling crude oil production. Post-trading data at the weekend showed that the naira during the week depreciated at both...

FOREX: Turnover In I&E Rises By 132% To $2.6bn

FOREX: Turnover In I&E Rises By 132% To $2.6bn       The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange (forex) market rose sharply by 132 per cent month-on-month (MoM) to $2.6 billion in May, 2021 from $1.12...