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CRUDE OIL
Naira depreciated significantly by 3.9% at the parallel market to close at N525/$1 as against N505/$1 recorded the previous day.
Naira remained flat against the US dollar to close at N411.5/$1 on Monday.
Naira appreciated against the US dollar on Friday from N411.63/$1 recorded on Thursday, 23rd July 2021 to N411.5/$1.
Naira appreciated against the US dollar on Thursday, 22nd July 2021 to close at N411.63/$1.
If oil earnings continue to dwindle due to India’s oil import cuts, then this will pose a significant challenge for Nigeria.
At the parallel market, the naira remained stable at N505/$1, the same as recorded since Friday, 9th July 2021.
Naira depreciated against the US dollar on Tuesday to close at N411.75 to a dollar, a 0.06% decline compared to N411.5/$1 recorded on Monday.
Naira appreciated against the US dollar on Monday, closing at N411.5 to a dollar, representing a 0.06% gain.
Nigeria’s external reserve rose by $2 million on Wednesday to stand at $33.120 billion, the first increase in over 11 weeks.
Oil started the day bearish, falling for a third consecutive session. Investors continue to speculate on the ongoing...
Naira remained stable against the US dollar on Wednesday to close at N411.45/$1 at the I&E window.
Naira depreciated against the US dollar on Tuesday, having lost 32 kobo to close at N411.45/$1.