Hope Rising for Naira As Reserves Recover at $37b By OKEY ONYENWEAKU Foreign currency speculators will in the coming months face over N10 billion losses as...
The pressure continued to mount at the parallel market segment of the Nigerian foreign exchange market as the weakened to N460 against the dollar on Tuesday...
The pressure at the foreign market aggravated on Tuesday as the naira weakens 1.10% to N450/$ at the parallel forex market, according to Abokifx.com. The Naira...
By FEIX OLOYEDE The recently repatriated Abacha loot and the approval of an International Monetary Fund (IMF) loan to Nigeria could not sway investors’ confidence in...
Despite the low volume of activity at the Nigerian foreign exchange market, naira weakened parallel segment. The cash and transfer rates of the parallel market increased...
Activity picked up for the Naira on Tuesday at the Investors and Exporters (I&E) foreign exchange window, although trade volumes continue to remain dismal. The Naira...
Naira gained 0.26 per cent against the dollar to N385.63 at the Investors and Exporters (I&E) foreign exchange window on Wednesday. The local currency opened at...
The naira was stable at the different segments of the Nigerian foreign exchange on Wednesday. The local currency remained unchanged at N361.00/$1 at the official forex...
By FELIX OLOYEDE The pressure on the naira has intensified as foreign investors scrambled for scarce dollar in the country, moving their investments to a safer...