Naira remains stable at the forex market as NAFEX market turnover drop by 59%

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens

At the black market where forex is traded unofficially, the Naira remained stable closing at N472.

Naira depreciates as dollar sales top $100m a day at I&E window

by Chike Olisah

July 17, 2020

1

The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Thursday.

Forex, Nafex, parallel market, exchange rate, Naira, Dollar

Naira weakens as forex turnover falls by 88%

by Chike Olisah

July 9, 2020

1

The opening indicative rate was N387.32 to a dollar on Wednesday.

Naira drops again at the black market as exchange rate unification plans intensify, Naira falls against the dollar across forex markets as liquidity drops by 43% , Naira falls big at the black market as demand pressure persists

After hitting a 3-year low during the week, Naira stabilizes as traders wonder what next

by Chike Olisah

July 5, 2020

0

The CBN still continues to warn against currency speculators who patronize the black market.

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Naira gains against the dollar across forex markets as liquidity hits record increase

by Chike Olisah

July 3, 2020

0

At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.

COVID-19 could save naira from depreciating further, Many odds against the naira, Naira forwards and parallel market crash puts pressure on official exchange rate, Naira appreciates to N386.94 to $1 at investor and exporters window. , Naira set for recovery as ABCON issues guideline to members for forex sales resumption, Naira falls against the Euro, British pound sterling but gains against the U.S dollar, Naira falls at black market, dollar liquidity remains relatively low , Forex, Naira drops further at the black market despite appreciating at I&E window

Naira recovers sharply at black market but falls at I&E forex window

by Chike Olisah

June 25, 2020

0

Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the day before. This ...

No let off as Naira depreciates further in FX market, Naira depreciates at Investors & exporters window, forex turnover up by over 117%, Naira drops to N462, as currency liquidity stays thin at the black market

Naira falls big at the black market as demand pressure persists

by Chike Olisah

June 24, 2020

0

Uncertainty of the market remains, particularly due to liquidity shortages across markets. 

Naira expected to be under pressure until backlogs for FX payments are cleared

by Olumide Adesina

June 22, 2020

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The foreign reserves stood at $36.33 billion droppings by $119.25 million, week on week.

net interest income, Nigerian Banks, Fitch, Nigerian banks tremble over Cyber attack, Most Nigerian banks are very likely to fail stress tests should the economic downturn persists and deepens, What Banks can do to improve Real Sector Lending in 2021

Why Nigeria’s banking stocks performed well in May

by Emmanuel Abara Benson

June 2, 2020

1

Many portfolio investors were unable to move their money from the country due to FX limitations. So, they reinvested.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira gains N10 against $1 at parallel market, as forex turnover increases by 592%

by Chike Olisah

May 30, 2020

0

The continuous rally of the local currency against the dollar can be attributed to the improved liquidity in the foreign ...

Tag: I&E window