Tag
FOREX
The Naira appreciated against the dollar to close at N465/$1 on Monday at the black market.
The exchange rate gained N10 this evening falling from N475 to N465/$1
For most speculators who bought forex at less than N400/$1, they are pondering whether to sell
The sales of forex to BDCs will inject more liquidity to the retail end of the foreign exchange market.
The Naira remained stable against the dollar to close at N477/$1 on Thursday at the black market.
In contrast, the exchange rate at the parallel market gained on Wednesday as it closed at N477/$1.
The Naira depreciated against the dollar at the Investors and Exporters window on Monday.
Some banks have reduced their monthly spending limits to as low as $100.
Forex is sold at several prices and at different times during the day.
Forex turnover at the Investor and Exporters (I&E) window recorded a significant decline.
The emails continue explaining the challenges they are facing sourcing forex.
Nigeria’s exchange rate at the NAFEX window appreciated closing at N385.83 during intraday trading on Thursday, August 13,...