Tag
NAIRA
The volatility and uncertainty of the forex market seem to persist due to liquidity shortages across markets.
The volatility and uncertainty of the forex market seem to persist due to liquidity shortages across markets.
Forex shortages have persisted since the crash in oil prices coincided with the global lockdown.
The rise in demand and contrasting drop in supply has called for another round of devaluation...
Business leaders have given their opinions on CBN's plan to unify the exchange rate of the Naira.
Forex turnover dropped from $90.88 million on Wednesday, June 24, 2020, to $14.68 million on Thursday, June 25, 2020, representing a decline of 83.8%
Naira unification around NAFEX could burn the fingers of speculators.
Forex turnover at the Investor and Exporters (I&E) window on Wednesday, June 24, 2020, stayed relatively flat when compared to the...
Forex turnover rose to $63.44 million on Monday representing a 66.42% increase day on day.
The foreign reserves stood at $36.33 billion droppings by $119.25 million, week on week.
Forex turnover dropped from $66.61 million on Thursday to $38.12 million on Friday.
The liquidity in the foreign exchange market appears to have improved, the volatility and uncertainty of the market seem to still persist.