Currencies
Naira Slumps to N640/$1 in the Parallel Market as Excess Demand Weighs on Supply
Wednesday, July 20, 2022: The downswing in the value of the naira was so severe yesterday as the currency hit...
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Naira Takes an Uptick to N424.17/$1 at the Investors and Exporters Window as Trade Closes on a Bullish Note
Tuesday, July 19, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed yesterday’s trading session on a bullish note...
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Naira Climbs Up to N429.12/$1 at the Investors and Exporters (I&E) Window
Monday, July 18, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session on a bullish note...
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Naira Hits N430.33/$1 at the Investors and Exporters (I&E) Window as Demand for the Greenback Remains Unmet
Friday, July 15, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed yesterday’s trading session on a bearish note...
Read moreNaira Falls to N421.58/$1 at the Investors and Exporters (I&E) Window as Trading Closes on a Bearish Note
Wednesday, July 13, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed yesterday’s trading session with the Naira slipping...
Read moreNaira Shrinks Further, Drops by 0.43% at the Investors and Exporters (I&E) Window
Thursday, July 5, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed yesterday’s trading session on a bearish note...
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Naira Drops by 1.7% Against the Dollar at the Investors and Exporters (I&E) Window
Tuesday, July 5, 2022: The exchange rate between Naira and the US Dollar closed at N430/$1 at the Investors and exporters...
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IMF says Forex premium in the black market limits the benefits of increased exports
The International Monetary Fund (IMF) has stated that improving trade balanceis having a limited impact on Foreign Exchange (FX) strains...
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US Federal Reserve says rate hike is not meant to induce recession
After intensifying interest rate hikes, Federal Reserve Chairman, Jerome Powell indicated on Wednesday that the central bank hopes to prevent...
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MAN tackles CBN over N1tn low-interest loan
Manufacturing companies have said they cannot access loans at the Central Bank of Nigeria’s five per cent lending rate under...
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