Exchange rate weakens as external reserve records first growth in 36 days
Naira depreciated further against the US Dollar on Monday to close at N410.13/$1.
Tag: oil price
News and stories about oil price
Exchange rate falls at NAFEX window, as dollar supply drops further
The exchange rate between the naira and the US Dollar depreciated by 0.08% to close at N410/$1 on Friday.
Nigeria records highest trade deficit since 1981
Nigeria recorded its highest foreign trade deficit since 1981 as the country's trade balance stood at -N7.38 trillion in 2020
Another reason why oil price will keep rising
Several factors are at play pointing to the reality that oil can only go up.
Exchange rate gains at NAFEX window as dollar supply improves significantly
Naira gained against the US Dollar on Thursday to close at N409/$1, representing a 0.52% gain compared to N411.13/$1 previously ...
Exchange rate gains at NAFEX window as foreign reserve dips further
Naira gained marginally against the US Dollar on Wednesday after enduring three days of decline to close at N411.13/$1
Nigeria’s external reserve falls to lowest in 10 months
Nigeria's foreign reserve of $34.74 billion is the lowest in 10 months.
Naira falls to N412/$1 at NAFEX window as dollar supply jumps by 238%
Naira depreciated yet again at the NAFEX window to close at a record low of N412/$1 on Tuesday 9th March ...
Exchange rate weakens to N482/$1 as traders react to Naira4Dollar scheme
The exchange rate between the naira and the US Dollar fell on Monday to close at N411.88/$1 at the Investors ...
Why external reserves is falling despite a rise in oil prices
Increased oil prices seem not to have stopped the further slide in Nigeria's foreign reserves.
