Tag: Dollar

May 26, 2020

The U.S dollar index that tracks the American dollar against a basket of other major currencies was down 0.67% to ...

parallel market, Covid-19: N3.5 trillion disbursed as stimulus package for the Nigerian economy, CBN Vs NESG: Waving the white flag for the benefit of Nigerians, Exchange Rate Unification: CBN devalues official rate to N380/$1, Nigerian banks have written off N1.9 trillion impaired loans in past 4 years, CBN sandbox operations, Stirling Trust Company Limited, Key highlights of the October 2020 Business Expectations Survey Report, A Total of N3.5 trillion was disbursed in the wake of the COVID-19 pandemic, in addition to several other interventions to reflate the economy - CBN, BOFIA 2020: Steps forward or backwards for Nigerian banks, Total credit to the economy rose to N19.54trillion – CBN Governor

Nigeria’s external reserves up by 7% in 21 days, currency speculators to lose over N10 billion

May 26, 2020

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It should be noted that Nigeria’s external reserves went on a downward slide last year, having lost $11.75 billion within a space of 10 months.

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Naira appreciates at the I&E window, as CBN Governor promises more liquidity

May 23, 2020

CBN's Godwin Emefiele had recently advised businesses and individuals to stop patronizing operators in the parallel market because they heating ...

Walwallstreetbets, Silver joins the Bullish momentum surpasses its three weeks high

Silver surpasses three-week high, joins Bullish momentum

May 19, 2020

All eyes are now set on silver as its prices started with huge follow-through buying after a convincing breakout this ...

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira drops to N456 at parallel market

May 19, 2020

Naira it dropped against the dollar today it was selling at N456 to S1 as individuals rush in to meet ...

U.S dollar drops against major currencies, tension rises between America and China

May 18, 2020

The U.S. Dollar Index that tracks the American dollar against a basket of other major currencies dropped 0.10% to trade at 100.338

Naira strengthens against the dollar at I&E window, closes at N386 to $1

May 15, 2020

The local currency strengthened by N0.58 against the dollar, compared to the N386.58 to a dollar that it traded on ...

Nigerian Manufacturers confirm dollar scarcity

May 12, 2020

Manufacturers have confirmed dollar scarcity is real and no one knows when this will end.

forex, Naira appreciates at black market as forex liquidity is boosted with huge dollar supply

Naira depreciates at the parallel market, closes at N437 to $1

May 6, 2020