Exchange rate remains stable at official market as forex supply rises by over 100%
Thursday, 9th December 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors ...
Thursday, 9th December 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors ...
Wednesday, 8th December 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1 at the official Investors ...
Naira depreciated against the US Dollar on Friday as it closed at N411 to a dollar at the NAFEX window ...
Increased oil prices seem not to have stopped the further slide in Nigeria's foreign reserves.
The CBN Governor has insisted that Nigeria’s current external reserves is sufficient to cover 7 months of imports of goods ...
Forex turnover dropped from $90.88 million on Wednesday, June 24, 2020, to $14.68 million on Thursday, June 25, 2020, representing a decline of 83.8%
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.
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
Analysts have predicted the foreign reserves to fall below $30 billion if some measures are not taken.
Nigeria's external reserves have rallied and hit $45bn mark in May 2019, which represents 8months high. This is revealed in ...
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