Currencies
Nigeria's daily parallel market exchange rate tracker
CBN removes “third parties” from buying forex routed through Form M
CBN removes "third parties" from buying forex routed via Form M - What it means.
Read moreDetails
Traders go short on U.S dollar over higher claims of U.S unemployment benefits
The drop is speculated to have been caused by the high number of Americans who claimed unemployment benefits.
Read moreDetails
Exchange rate gains at the black market as FX Turnover rises over 1000%.
In contrast, the exchange rate at the parallel market gained on Wednesday as it closed at N477/$1.
Read moreDetails
Exchange rate crashes to new low at the black market as dollar scarcity hits the banks
The Naira depreciated against the dollar at the Investors and Exporters window on Monday.
Read moreDetails
Exchange rate gains marginally at the NAFEX window despite worsening forex liquidity
Forex is sold at several prices and at different times during the day.
Read moreDetails
Exchange rate falls at the NAFEX window on a depressed forex market
Forex turnover at the Investor and Exporters (I&E) window recorded a significant decline.
Read moreDetails
Leaked email reveal a bank can’t pay GDR dividend due to dollar shortages
The emails continue explaining the challenges they are facing sourcing forex.
Read moreDetailsExchange rate gains at the NAFEX window as dollar supply rises by over 92%
Nigeria’s exchange rate at the NAFEX window appreciated closing at N385.83 during intraday trading on Thursday, August 13, 2020. In...
Read moreDetails
Nigerian’s should expect “a significant devaluation” to N550/$1 – Goldman Sachs
Goldman Sachs believes Nigeria will devalue past N500 between 12-18 months.
Read moreDetailsExchange rate falls at the NAFEX window on a depressed forex market
FX turnover is still a far cry from the over $200 million turnovers recorded in January.
Read moreDetails
