Naira Gains Slightly, Exchanges For 473/$     The naira on Monday exchanged at 473/$ at the parallel market, after trading at 477 the previous week. At the Investors & Exporters forex window, the naira hit a high of 422/$ before closing at 390/$. The Central Bank of Nigeria...

Naira Depreciates As External Reserves Decline Persists To $36.12bn         The naira last week buckled under the weight of increased dollar demand, depreciatiating in both the parallel market and the Investors and Exporters (I&E) window, even as the nation’s external reserves declined further to $36.12 billion...

Naira May Weaken To 470 In 2021, Says Rewane         The naira will weaken in the parallel market and likely depreciate to 470 against the dollar in 2021, if oil prices stay at $50 per barrel, Nigerian economist, Mr Bismarck Rewane, has said. Rewane stated this in...

Naira Struggles For Stability As External Reserves Gain         The naira dipped slightly after it exchanged for N474/$ at the parallel market on Monday. It had earlier exchanged for 473/$ for most of last week. At the Investors & Exporters forex window, it closed at N388/$ after it...

Naira Dips Further, Exchanges For 473/$         The naira suffered further setback at the parallel market and Investors and Exporters forex window on Tuesday. According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel market. It had earlier...

CBN Defends Naira With $4.37bn In Three Months         The Central Bank of Nigeria injected $4.37bn into the foreign exchange market in the third quarter of 2020 as part of efforts to ensure the stability of the naira. The CBN disclosed this in its third-quarter economic report. The...