Naira falls at black market as dollar supply drops by 18.14%

Thursday, 5th August 2021:  The exchange rate between the naira and the US dollar closed at N411.25/$1 at the official Investors ...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Nigeria’s foreign reserve rises by $79.1 million in July 2021

by Samuel Oyekanmi

August 5, 2021

Since the external reserve started recording consistent positive growth, the reserve has gained $314.7 million in 12 days.

The Nigerian economy is increasingly dollarized but there is a way-out

Exchange rate depreciates across forex markets as CBN bans sale of dollar to BDCs

by Samuel Oyekanmi

July 28, 2021

Naira depreciated against the US dollar to close at N411.67/$1 on Tuesday.

Naira gains at official market as CBN moves to launch digital currency in October

by Chike Olisah

July 23, 2021

Naira appreciated against the US dollar on Thursday, 22nd July 2021 to close at N411.63/$1.

Naira falls to N506/$ at black market as dollar supply slides by 5.77%

by Chike Olisah

July 19, 2021

At the parallel market, the naira depreciated against the US dollar at an exchange rate of N506/$1.

Latest drop in India’s oil import spells bad news for Nigeria’s forex reserves

by Ajibola Akamo

July 17, 2021

If oil earnings continue to dwindle due to India’s oil import cuts, then this will pose a significant challenge for ...

Naira falls across forex markets as businesses resume after public holidays

Exchange rate gains at official I&E window as dollar supply hits $214 million

by Samuel Oyekanmi

July 15, 2021

At the parallel market, the naira remained stable at N505/$1, the same as recorded since Friday, 9th July 2021.

Naira stabilizes at black market as CBN continues its intervention in forex market

Naira gains at official market as oil prices hit 3-year high

by Chike Olisah

July 6, 2021

The local currency gained against the dollar at the official market as Brent crude sailed past $77 per barrel for ...

Crude Oil worker, OPEC, oil prices, Bulls hit back to support US crude oil amid panic sell- offs in global equity markets, Nigeria’s local oil players smashed by low crude oil prices

Possible oil supercycle would improve Nigeria’s foreign reserves

by Opeoluwa Dapo-Thomas

June 28, 2021

Until Nigeria can diversify its economy to depend less on oil revenue, we would still be observing supercycles and oil ...

Naira falls at official window as external reserve declines to 4-year low

by Chike Olisah

June 24, 2021

Naira depreciated on Wednesday against the US dollar to close at N411.50 to a dollar compared to N410/$1 recorded on ...

Tag: Foreign Reserve