Tag
CBN
Pressure on FX will continue in 2021 as a result of thin reserve buffers and recovering domestic demands.
The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N394.67/$1.
CBN has issued a framework that would guide Quick response (QR) code payments in Nigeria.
The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday.
The exchange rate at the parallel market suffered its second depreciation of the year.
At the black market where forex traded unofficially, the exchange rate depreciated to close at N472/$1.
At the black market where forex traded unofficially, the exchange rate continued to remain stable at N470/$1 on Thursday.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday, closing at N394.50/$1.
The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N393.83/$1.
ABCON has tasked the CBN to sustain its numerous drives and interventions targeted towards forex stability in 2021.
The Naira at the NAFEX window appreciated significantly against the dollar to close at N394.30/$1.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday, closing at N410.25/$1.