Nigeria’s forex crises to persist in 2022 – Report
The Centre for the Promotion of Private Enterprise has stated that the distortions inherent in the foreign exchange market will ...
Tag: Foreign exchange market
Naira gains against the dollar at I&E window, forex liquidity up by 66%
Forex turnover rose to $63.44 million on Monday representing a 66.42% increase day on day.
Naira falls against the dollar across forex markets as liquidity drops by 43%
Forex turnover dropped from $66.61 million on Thursday to $38.12 million on Friday.
Forex liquidity up by 315% as Naira gains marginally at I&E Window
The liquidity in the foreign exchange market appears to have improved, the volatility and uncertainty of the market seem to ...
Naira gains N68 against $1 at 12-month forward market, as devaluation concerns ease
The 12-month naira forwards increased to N454.50 per dollar on Wednesday, from a high of N522.56 on April 20.
Naira weakens against the dollar by 1.14% amid market uncertainty
The reopening of the economy is expected to put additional pressure on the naira as more businesses try to meet ...
Nigeria’s external reserves up by 7% in 21 days, currency speculators to lose over N10 billion
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.
Forex crisis: Those patronizing parallel market will lose money – CBN Governor
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has warned firms and individuals against patronizing the parallel market, popularly called ...
Naira depreciates at the parallel market, closes at N437 to $1
Information obtained from Abokifx shows that the local currency depreciated to N437 to a dollar on Wednesday, May 6, 2020, ...
Naira to depreciate slightly over $1.52 billion forward contracts
Currency traders are expecting the naira to fall slightly today, due to the maturing $1.52 billion April 29 contract.
