Tag
FOREX
Given the rush for PTA and the scarcity of dollars, Nigerian banks have devised ways to ration the allocation of PTA to customers.
The continuous depreciation of the naira to the dollar has generated lots of talking points from financial analysts, economists, and individuals from all walks of life.
The exchange rate between the naira and the US dollar appreciated to N669/$1 on Tuesday morning from N692.25/$1 recorded on Monday, 1st August 2022.
Naira has depreciated to a record low at the black market after the local currency closed trading on Thursday at N718/$1.
The exchange rate between the naira and the US dollar has fallen beyond the N700/$1 threshold at the parallel market on Wednesday, 27th of July, 2022,
The exchange rate between the naira and the US dollar has fallen to a record low at N685.5/$1 at the peer-to-peer (P2P) forex market.
Although it is true that many worldwide currencies have declined in value against the dollar, the situation is worse for the naira...
Nigerians are finding it increasingly difficult to access dollars at the Central Bank of Nigeria’s official rate for eligible transactions...
Nigeria is experiencing one of its worst FX crises in history due to increasing demand for FX amidst low supply.
The Nigerian economy is starved of foreign exchange as currency traders continue to lament tightened forex liquidity...
Though the exchange rate at the I&E window has remained stable, there has been considerable depreciation at the parallel market.
GreenWaveX (GWX) is a leading global Forex and contracts-for-difference (CFD) broker based in London.