The naira further depreciated to N470/$ on Wednesday from N465/$ in the previous day in the parallel segment of the foreign exchange market. There has been...
Adebayo Obajemu There was stability at the parallel market Monday as the exchange rate remained stable closing at N460/$1. However, on the officially recognized NAFEX Market, the...
By FELIX OLOYEDE Portfolio investors in Nigeria are having hard time repatriating their funds due to the paucity of dollar in the country, caused by the...
The naira depreciated from N460.50/$ to N461.50/$ at the parallel foreign exchange market on Thursday. The Investors and Exporters (I&E) FX window opened at N387.32, traded...
Adebayo Obajemu Wednesday Forex turnover dipped by 88% at the I&E window weakening the exchange rate to N386.76/$1. However, the exchange rate at the black market...
The Naira depreciated 5.54 per cent at the official window on Tuesday closed at 381.00/$1 as the Central Bank of Nigeria (CBN) attempts to unify the...
By FELIX OLOYEDE The low volume of activities in the Nigerian foreign exchange market is an indication of the poor state of the country’s economy, inhibited...
Naira weakened 0.16 per cent to N386.63/$1 at the Investors and Exporters (I&E) Foreign Exchange window on Wednesday as liquidity remained low. It opened at N386.00,...
Pressure continued to mount on the naira as it weakened 0.44 per cent to N460 against the dollar at the parallel foreign exchange market on Tuesday,...