Tag
BRENT CRUDE
Nigeria needs supply, the foreign exchange market needs liquidity, Nigerians need dollars.
Naira depreciated against the US dollar at the I&E window on Monday, June 7, 2021, to close at N411.07/$1.
The naira hit a record low, as it depreciated against the US dollar on Friday at the parallel market to close at N502 to a dollar.
Crude oil price closed in on the $72 mark as Brent crude hit $71.85 per barrel on demand optimism.
Oil prices rose during the Asian session today as Brent Crude broke through $70 due to investors' bullish sentiment on the demand outlook for fuel.
Naira remained stable against the US dollar at the Investors and Exporters window on Monday to close at N412/$1.
Oil prices closed bullish on Thursday, pushing the Brent crude futures towards $70 a barrel.
Naira appreciated against the US dollar on Monday at the official NAFEX window to close at N411.25 to a dollar.
Despite these headwinds, the CEO of Ark investments, Cathie Wood still believes Bitcoin will go as high as $500,000.
The exchange rate between the naira and the US dollar closed at N411.5 to a dollar at the official Importers and Exporters window.
The naira depreciated against the US dollar at the Investors and Exporters window on Tuesday to close at N411.25/$1.
Naira depreciated against the dollar to close at N410.67/$ on Monday, 10th May 2021, representing a 34 kobo drop from N410.33/$1 recorded on Friday, 7th May 2021.