Official exchange rate crashes to 6-day low as reserves fall
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ...
Tag: external reserves
News and analysis about external reserves
Nigeria’s external reserve falls to one year low
Nigeria's external reserve fell to $37.17 billion as of 15th of November 2022, data from the central bank of Nigeria ...
Nigeria’s external reserves fall to lowest level in 2022
This is the lowest level recorded this year according to checks by Nairametrics
External Reserves up $6 billion in one year but no forex
The Nigerian economy is starved of foreign exchange as currency traders continue to lament tightened forex liquidity...
Naira depreciates at official window as foreign reserve records marginal gain
Thursday, 6th January 2022: The exchange rate between the naira and the US dollar at the official Investors and Exporters ...
Naira falls at official market despite 86% improvement in dollar supply
Thursday, 16th December 2021: The exchange rate between the naira and the US dollar closed at N415.05/$1 at the official Investors ...
Naira appreciates at official market as pressure on external reserves mounts
Wednesday, 15th December 2021: The exchange rate between the naira and the US dollar closed at N414.25/$1 at the official Investors ...
Exchange rate falls at official market despite a 211% increase in forex liquidity
Tuesday, 14th December 2021: The exchange rate between the naira and the US dollar closed at N414.80/$1 at the official Investors ...
Naira appreciates at official market as dollar supply improves by 44%
Monday, 13th December 2021: The exchange rate between the naira and the US dollar closed at N414.06/$1 at the official Investors ...
Naira gains at official market as drop in country’s external reserve continues
Friday, 10th December 2021: The exchange rate between the naira and the US dollar closed at N415.10/$1 at the official Investors ...
