Naira crashes to N450 to $1 at parallel market amid fx scarcity

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%

The volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has ...

American Dollar remains king as stimulus fails to stop global financial market panic,Demand for “Inflow dollars” drive exchange rate to as high as $N420/$1 compared to “Cash dollars”, U.S dollar drops against major currencies, tension rises between America and China, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar down against major currencies, more countries start lifting of COVID-19 induced lockdowns, The U.S. Dollar Index that tracks the American dollar dropped 0.14% to 96.5 as global Investors and traders appetite for risk increased in momentum, Digitization of U.S Dollar Faces U.S Senate Hearing, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demand, U.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demandU.S dollar Remains Neutral as Strong Economic Macros Weaken its demand

Demand for “Inflow dollars” drive exchange rate to as high as N420/$1 compared to “Cash dollars”

by Abiola Odutola

April 17, 2020

4

COVID-19 pandemic and the crash in oil prices have all but extinguished supply of dollars from the IFEX market (official ...

Naira gains on the dollar for the first time since March

by Olumide Adesina

April 15, 2020

2

Interestingly, the dollar fell significantly against most major currencies on Tuesday, amid concerns that the currency had surged too quickly ...

Naira depreciates to N410 per dollar as local currency weakens

by Chike Olisah

March 27, 2020

2

Naira depreciates to N410 per dollar as local currency weakens

Dollar to sell for N360, ABCON insists

by Chike Olisah

March 20, 2020

0

Association of Bureau De Change Operators of Nigeria has given assurances to the public of continued sale of dollars at the official price

Foreign exchange market, Nigeria’s fixed income & money market update ending 13th March, 2020, Why the s, CBNtrong dollar is giving Nigeria headache, Nigerian banks broadly positive after Naira devaluation, Exchange rate sustains gain at NAFEX window as CBN orders BDCs to sell at N386/$1

Why the strong dollar is giving Nigeria headache

by Olumide Adesina

March 18, 2020

0

Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback with two emergency interest-rate cuts this ...

Central Bank of Nigeria, Foreign exchange market, Naira vs dollas, IMF, Foreign Reserves, External reserves, CBN, Why do we all love the dollar?

Ahead of the FOMC meeting: what’s next for the USD and emerging market

by Op-Ed Contributor

September 29, 2018

0

The general consensual expectation of the FOMC meeting from the Fed on its monetary policy stance in its September meeting was ...

The Events That Shaped Nigeria’s Economy in the First half of 2017

by Gbenga Agoye

July 12, 2017

1

A couple of noteworthy events of economic or business relevance occurred during the 1st half of this year. We believe ...

Tag: Dollar