Tag
EXCHANGE RATE
Ugo started with the teeter-tottering nature of the Naira over the previous week. For example, on Thursday, the official exchange rate hit its highest-ever value of N996, only to return to N780 the next day, a huge disparity of N216.
Meanwhile, as of 8 p.m. on the same day, peer-to-peer trading rates dipped to as low as N1,038/$1, which closed considerably stronger compared to earlier rates.
Nadia Kouassi is the Head of Research, African Private Equity and Venture Capital Association (AVCA).
The exchange rate between the naira and dollar fell to the lowest level ever on NAFEM where forex is sold officially.
Shareholders of Nigerian companies with foreign loans are concerned about the impact of the elevated exchange rate on their expected dividends.
The exchange rate in Nigeria experienced a decline in both the official and parallel markets on the day...
The intraday high recorded was N891/$1, while the intraday low was N730/$1, representing a spread of N161/$1.
The exchange rate between the naira and the dollar fell to N847/$1 on Tuesday.
The exchange rate between the naira and dollar ended one of its worst-ever weeks in recent history for the official NAFEM and Parallel market respectively.
The exchange rate between the naira and dollar devalued to N848/$1 on the official investor and exporter window on October 17th, 2023.
The war might disrupt Nigeria's trade relations with Israel and affect global economic sentiment, resulting in reduced foreign direct investment and possible depreciation of the Nigerian naira.
The exchange rate between the naira and dollar hit a two-month intra-day high of N851/$1 on Tuesday September 26th 2023 on the Investor and Exporter