Naira strengthens across FX markets as speculators reacts to reports of CBN funding to BDCs
The exchange rate gained at the parallel market to close at N493/$1 on Thursday, compared to N502/$1 recorded on Wednesday.
The exchange rate gained at the parallel market to close at N493/$1 on Thursday, compared to N502/$1 recorded on Wednesday.
U.S. crude oil stockpiles dropped sharply last week as refineries boosted operations to their highest since January 2020.
Brent crude rose by 0.61% on Tuesday evening to close at $74.44 per barrel.
Naira appreciated against the US dollar on Friday, 11th June 2021 to close at N410.80 to a dollar.
Naira depreciated against the US dollar on Thursday to close at N411.83 to a dollar at the official I&E window.
The dollar supply rose massively by 261.5% as BDC directors pledge their support for exchange rate stability.
Naira fell against the US dollar on Thursday as crude oil prices endure further decline.
The exchange rate between the naira and the US dollar closed at N411.5 to a dollar at the official Importers ...
The exchange rate between the naira and the US dollar, closed at N411/$1 at the I&E Window.
Oil prices are currently inching closer to $70 per barrel as the positive outlook of a return to global economic ...