Foreign Reserves Records Slight Gain As Naira Weaken To N430/$ On I&E Window   The value of the naira weakened to N430 to the dollar at the Investors’ and Exporters’ window at the end of business last week even as the Nigeria’s external reserves gained slight...

Naira Remains Constant, Exchanges At 421/$   The Naira on Tuesday remained constant at exchanging at 421.00 to the dollar for the second day at the Investors and Exporters window. The local currency remained unchanged at 421.00 to the dollar, same as the 421.00 traded on Monday. The...

Naira Slides As Forex Reserves Drop Third Consecutive Time   The naira depreciated to N588 per dollar at the parallel market as the nation’s foreign exchange (forex) reserves dropped for the third consecutive time. Trading reports at the weekend showed that naira depreciated by 0.9 per cent...

Naira Remains Under Pressure Despite Increase In Forex Reserves   The naira remained under pressure across official and parallel markets despite continuing increase in Nigeria’s foreign exchange (forex) reserves. The naira depreciated by 0.2 per cent at the official Investors and Exporters (I & E) Window and...

Dollar Turnover In I&E Rises By 152% To $2.16bn In January The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 152 per cent, Year-on-Year (YoY), to $2.16 billion in January 2022 from $906.44...

'CBN May Devalue Naira By 10%'   A senior Investment Strategist at Standard Chartered, Abhilash Narayan, has said the Central Bank of Nigeria (CBN) may be seen to devalue the naira by as much as 10 per cent in 2022. Narayan stated this during a webinar themed...