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...

Naira Appreciates To N385.50/$1     The naira appreciated to N385.50 at the Investors and Exporters (I&E) window on Monday, June 1, 2020, as the Central Bank of Nigeria’s intervention in the foreign exchange market intensifies. The demand pressure on the foreign exchange market by currency speculators...

Bonds Yields Dip, Naira Strengthens After Rate Cut   The Federal Government’s five-year bond yield dropped by more than 200 basis points on Friday, after the Central Bank of Nigeria (CBN) cut Monetary Policy Rate to 12.5 per cent from 13.5 per cent. Bonds yields fell across...

Naira Depreciates To N386 At I&E Window     The naira has depreciated to N386.33 at the Investors and Exporters (I&E) window as investors and importers continue to scramble for foreign exchange (forex) supplies. The naira weakened N0.33 against the dollar when compared to the N386 to a...

Naira Exchanges At N450 To Dollar     The naira on Thursday exchanged at N450 to dollar at the parallel market as build up on dollar demand continued to rise. The naira is seen weakening on the black market as dollar demand rises from foreign investors and importers...