Currencies

April 15, 2022

The CBN has ordered the immediate release of N3.5 billion in rebates to 150 exporters who took part in the...

The high cost of defending naira against the dollar

Naira falls to N590/$1 at peer-to-peer market

April 14, 2022

The exchange rate between the naira and the US dollar closed at N416.67/$1 at the Investors and Exporters (I&E) window.

As Naira crashes to N545/$1, BDC operators urge CBN to collaborate

ABCON gives reasons for widening exchange rate disparity, increasing parallel market activities

by Chike Olisah

April 13, 2022

The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension...

Despite interest rate cuts, Russian ruble holds steady against the dollar

April 13, 2022

Despite the interest rate cut intended to moderate the Russian ruble's bullish momentum, the Russian currency has stabilized around the...

Naira closes at a record low of N409/$1 at NAFEX

Exchange rate gains at official market as foreign reserve continues with uptrend

April 13, 2022

The exchange rate between the naira and the US dollar closed at N416.62/$1 at the official Investors and Exporters (I&E)...

Exchange rate trades for intra-day high N791/$1 at official market

Naira falls at I&E window despite improved dollar supply in the market

April 12, 2022

The exchange rate between the naira and the US dollar closed at N416.17/$1 at the official Investors and Exporters (I&E)...

Explainer: Why the CBN wants to pay N65 for every $1 at the I&E Window

April 11, 2022

We highlight the rationale behind the apex bank's policy to give N65 rebate to exporters who sold their goods through...

The Nigerian economy is increasingly dollarized but there is a way-out

Naira gains big against USD at P2P FX market

April 8, 2022

The exchange rate between the naira and the US dollar closed at N416.67/$1 at the Investors and Exporters (I&E) window,...

Russia to beat Western sanctions, as ruble becomes stronger than pre-invasion levels