Currencies

Naira trades at N1,485/$ on Monday as Dollar index falls

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Naira strengthens to N1,480/$1, best performance in nine months

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Nigeria's daily parallel market exchange rate tracker

Foreign Exchange: FX demand backlog

by CSL Stockbrokers

June 18, 2020

The possibility of further devaluation and weak economic outlook has stalled foreign portfolio inflows.

Naira drops again at the black market as exchange rate unification plans intensify, Naira falls against the dollar across forex markets as liquidity drops by 43% , Naira falls big at the black market as demand pressure persists

Naira drops again at the black market as news of exchange rate unification stirs.

June 18, 2020

The drop in the value of the naira can be attributed to the pressure in the foreign exchange.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira falls at the official market as government reveals plans to unify the exchange rates

There has been growing pressure for the CBN to unify the exchange rate markets.

Forex turnover drops by 28.3% as naira depreciates against the dollar at I&E window

Naira rebounds, gains against the dollar at I&E forex window

Naira gained against the dollar when compared to N386.50 to a dollar it exchanged on Monday.

U.S dollar regains safe-haven status, China and India fire shots at each other

The trade imbalance between the two countries heavily gives China an advantage.

black market, Having so much naira wealth does not guarantee you getting dollars

Naira falls further at black market, as dollar liquidity tightens

The naira has been hitting record lows on the parallel and over-the-counter spot markets.

CBN Gov. Godwin Emefiele and President Buhari

FG committee proposes unifying exchange rate to boost FAAC

by Research Team

The recommendation was made by the Economic Sustainability Committee set up by President Buhari.

American Dollar remains king as stimulus fails to stop global financial market panic,Demand for “Inflow dollars” drive exchange rate to as high as $N420/$1 compared to “Cash dollars”, U.S dollar drops against major currencies, tension rises between America and China, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar down against major currencies, more countries start lifting of COVID-19 induced lockdowns, The U.S. Dollar Index that tracks the American dollar dropped 0.14% to 96.5 as global Investors and traders appetite for risk increased in momentum, Digitization of U.S Dollar Faces U.S Senate Hearing, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demand, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demand

Forex: U.S dollar falls as U.S Fed gives easier access to cheap money

June 16, 2020

The U.S. Dollar Index dropped as global Investors and traders appetite for risk increased in momentum.

The naira is falling, Naira to depreciate slightly over $1.52 billion maturing contracts expiring today, Naira drop slightly at black market, breaching its support levels, Naira falls against the dollar across all forex markets as liquidity drop by 84% , How to increase your income from one to many

Naira drops slightly at black market, breaching its support levels

June 16, 2020

Naira to sell at a rate of N451 to $1 at the black market as against N450 to $1 recorded on...

Naira maintains stability at forex markets as dollar supply rise by 57%, Exchange rate, dollar, Foreign Direct Investment, Global Investment, Naira appreciates at I & E window, hits N384 to $1

Naira depreciates against dollar at I&E forex window, dollar supply up by 14.52%