Tag
NAIRA
The exchange rate between the naira and the US dollar appreciated N1,541.52 at the official Investor and Exporter (I&E) window on Friday, September 20, 2024.
The Nigerian naira has traded for the third consecutive day against the dollar at the same exchange rate of N1,650/$ in the parallel segment of the forex market.
The local currency was unchanged against the greenback on Thursday as the haven currency firmed sharply, despite an interest rate cut by the U.S. central bank, which was offset by less dovish signals regarding future rate hikes.
The exchange rate between the naira and the US dollar appreciated to N1,539.65 at the official Investor and Exporter (I&E) window on Wednesday, September 18, 2024, as the dollar weakened following a 50-basis point rate cut by the U.S. Federal Reserve.
The exchange rate between the naira and the US dollar depreciated to N1,656.49 at the official Investor and Exporter (I&E) window on Tuesday, September 17, 2024.
The Nigeria National Petroleum Company Ltd (NNPCL) has stated that the sales of petrol in Naira by the Dangote refinery will begin from October 1st, 2024.
The exchange rate between the naira and the US dollar appreciated N1,558.75 at the official Investor and Exporter (I&E) window on Wednesday, September 11, 2024.
The exchange rate between the naira and the US dollar depreciated by 3.61% at the official Investor and Exporter (I&E) window on Monday, September 10, 2024.
Brent crude oil futures fell below $70 per barrel for the first time since December 2021, marking a new downturn in prices driven by strong supply, demand concerns, and widespread speculative selling.
The Nigerian naira strengthened as the U.S. dollar index edged lower ahead of the U.S. CPI data and the televised U.S. presidential debate.
Data centre operators in Nigeria are grappling with the severe impact of the protracted forex crisis, which is now threatening millions of dollars in investments already sunk into building the facilities.
The exchange rate between the naira and the US dollar appreciated to N1,580.46 at the official Investor and Exporter (I&E) window on Monday, September 9, 2024.