Currencies
Nigeria's daily parallel market exchange rate tracker
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.
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FG committee proposes unifying exchange rate to boost FAAC
The recommendation was made by the Economic Sustainability Committee set up by President Buhari.
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Forex: U.S dollar falls as U.S Fed gives easier access to cheap money
The U.S. Dollar Index dropped as global Investors and traders appetite for risk increased in momentum.
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Naira drops slightly at black market, breaching its support levels
Naira to sell at a rate of N451 to $1 at the black market as against N450 to $1 recorded on...
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Naira depreciates against dollar at I&E forex window, dollar supply up by 14.52%
The exchange rate at the I&E window is different from the CBN’s published exchange rate.
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Naira expected to remain relatively stable
Naira has been hitting record lows on the parallel and over-the-counter spot markets since early March.
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Forex: U.S dollar plunges against major currencies, investors remain jittery
Currencies tracked by the U.S dollar index include; euro, British pounds sterling, and the Japanese yen.
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Forex inflow in I&E window declines by $2.8 billion as FPIs drop by 97%
Exchange rate faced significant pressure due to declining external reserves and falling crude oil prices.
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Naira will “suffer further devaluation” – MTEF
With the government under pressure to earn dollars, reliance has shifted mostly towards foreign borrowing.
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Forex: Dollar higher as new wave of virus causes risk aversion
Fears of a fresh wave of virus infection and renewed lockdown forced the dollar to edge higher.
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