exchange rates Archives

Peter Obi unveils Senator Datti Baba-Ahmed as his running mate for 2023 presidential election

Senator Datti Baba-Ahmed has stated that Nigeria has 11 different exchange rates, which are not sustainable.

As Naira crashes to N545/$1, BDC operators urge CBN to collaborate

ABCON gives reasons for widening exchange rate disparity, increasing parallel market activities

April 13, 2022

The BDC operators have attributed the widening exchange rate disparity to acute scarcity of dollars due to the continued suspension ...

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 crashes to N500/$1 at black market as CBN adjusts exchange rates

byChike Olisah

November 30, 2020

1

The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market.

Naira maintains stability at forex markets as dollar supply rise by 57%, Exchange rate, dollar, Foreign Direct Investment, Global Investment, Naira appreciates at I & E window, hits N384 to $1

Naira depreciates at black market as BDCs expect another forex allocation from CBN

byChike Olisah

September 10, 2020

0

Even though there was a little appreciation in the NAFEX window, the Naira depreciated at the black market.

black market, Having so much naira wealth does not guarantee you getting dollars

Naira falls further at black market, as dollar liquidity tightens

byOlumide Adesina

June 17, 2020

0

The naira has been hitting record lows on the parallel and over-the-counter spot markets.

Naira will “suffer further devaluation” – MTEF

byResearch Team

June 13, 2020

1

With the government under pressure to earn dollars, reliance has shifted mostly towards foreign borrowing.

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

Dollar drops against major world currencies

byOlumide Adesina

May 26, 2020

0

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

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira drops to N460/$1 in parallel market, puts pressure on official exchange rate

byChike Olisah

April 28, 2020

2

The consistent slide of the naira in the parallel market is a pointer to the fact that CBN may further ...

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 hits N509 to $1 at forwards market, as demand for the U.S dollar climbs up

byOlumide Adesina

April 28, 2020

0

Nigeria's currency continued to depreciate at the forward market, as worries strengthened that the CBN might have to devalue the naira again.

Nigerian Banks reduce dollar spending limits as forex scarcity rises

byOlumide Adesina

March 31, 2020

0

Many Nigerian banks are reducing how much foreign currency customers can spend abroad as concerns over the impact of the ...

Tag: exchange rates

How we will achieve stable exchange rate – Datti Baba Ahmed

ABCON gives reasons for widening exchange rate disparity, increasing parallel market activities

Naira crashes to N500/$1 at black market as CBN adjusts exchange rates

Naira depreciates at black market as BDCs expect another forex allocation from CBN

Naira falls further at black market, as dollar liquidity tightens

Naira will “suffer further devaluation” – MTEF

Dollar drops against major world currencies

Naira drops to N460/$1 in parallel market, puts pressure on official exchange rate

Naira hits N509 to $1 at forwards market, as demand for the U.S dollar climbs up

Nigerian Banks reduce dollar spending limits as forex scarcity rises

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