Naira dips at forex markets as foreign reserve gains
…. Rate closes N430.67/$1 on Tuesday Naira depreciated against the US dollar on Tuesday, representing the second consecutive bearish movement ...
Tag: Foreign exchange
Forex Scarcity Reduces Foreign Portfolio Investment Inflows
As the foreign exchange market continues to experience illiquidity amidst scarcity of the greenback at the official windows, foreign investors ...
Black Market Speculators Lose Big After Naira Gains N50/$1 in a Few Days
Since the start of August, the naira has continued to rise while holding onto its gains amid weak buying pressures ...
Made-in-Nigeria products fall 27% to N7.4tn due to FX crisis
The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 per cent between 2017 and 2021. According ...
Naira Depreciates To New Low Against Dollar
Naira has fallen further against the U.S. dollar at the official market on Tuesday, a day after the currency recorded ...
Exchange rate falls to N685/$1 at peer-to-peer (P2P) forex market
The exchange rate between the naira and the US dollar has fallen to a record low at N685.5/$1 at the ...
Nigeria’s external reserves gain $679.12m in one month
The nation’s external reserves returned to a growth path after gaining $679.12m in June. According to reports obtained from the ...
Nigeria’s External Reserves hit $6 billion in 1 year
Nigeria’s external reserves closed the month of June 2022 at $39.16 billion, gaining $5.83 billion in one year compared to ...
Rising Inflation, Other Challenges Worsening Naira Volatility- BDC Operators
The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that rising inflation, among other ...
Naira Falls Sharply across Forex Markets Despite 32% Increase in Dollar Supply
The exchange rate between the naira and the US dollar closed at N424.88/$1 at the Investors and Exporters (I&E) window. ...
