Currencies
Nigeria’s Foreign Reserve Records a Slight Increase of $12 Million
According to data from the Central Bank of Nigeria (CBN), the gross foreign reserve, as of 15 August increased by...
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Naira Falls to N430.67/$1 at the I&E Window as Forex Supply Drops by 62%
Tuesday, August 16, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session with the naira ticking...
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Naira Falls to N430/$1 at the I&E Window Despite a 190% Surge in Forex Supply
Monday, August 15, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session on a negative note...
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Naira Appreciates to N429.62/$1 at the I&E Window Despite a 21% Shrink in Forex Supply
Friday, August 12, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session on a bearish note...
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Ghana Cedi Down by 47% Year-to-date as the US Dollar Strengthens
The Ghana cedi has depreciated largely since the beginning of the year 2022 against the US dollar, falling by as...
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Naira Depreciates to N430.25/$ at the I&E Window as Forex Supply Shrinks by 95%
Thursday, August 11, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session on a bearish note...
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Naira Drops by a Whooping N7 at the Parallel Market
Wednesday, August 10, 2022: The rate at which the naira exchanges for the dollar in the parallel (black) market stood...
Read moreNigeria’s Gross Foreign Reserve Records the Fourth Decline this Month, Stands at $38.95 Billion
Nigeria’s gross foreign reserve over the last few months has hovered around the $38 billion/$39 billion corridor. Despite the rising...
Read moreNaira Declines to N431/$1 at the I&E Window Despite 61% Surge in Forex Supply
Friday, August 8, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed the trading session on a bearish note...
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NESG: Multiple Exchange Rates in Nigeria Impedes Required Flow of Foreign Investments.
The Nigerian Economic Summit Group (NEGS) has highlighted that the multiple exchange rates in Nigeria continue to erode the much-needed...
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