Fears of a fresh wave of virus infection and renewed lockdown forced the dollar to edge higher.
According to the latest data obtained from the Central Bank of Nigeria (CBN), Nigeria’s foreign exchange reserves now stand at $36.57 billion.
The Naira has appreciated to N386.94 against the US dollar at the Investor and Exporters (I&E) window.
"This reduction in production provided excellent optics encouraging other OPEC + members to comply and even offer additional voluntary cuts, which should quicken the global oil...
Nigeria’s 5 years onshore Non-Deliverable forward contract posted its biggest drop by plunging 27% from N413.36 to close at N569.69.
Information obtained from Abokifx shows that the local currency depreciated to N437 to a dollar on Wednesday, May 6, 2020, as against the N430 to a...
The volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has further depreciated to N450 to a...
At the currency exchange rate under the investors and exporters (I&E) window, the naira dropped slightly to close at 386.8.
