Economy FG Pegs Exchange Rate at N410.15/$1 for 2022 Budget August 17, 2021 Adedapo Adesanya By Adedapo Adesanya The federal government has pegged the exchange rate at N410.15/$1 and the crude oil benchmark at $57 per barrel for the Read More
Economy Value of Naira to Dollar at Parallel Market Falls to N461/$1 October 14, 2020 Adedapo Adesanya By Adedapo Adesanya The value of the Nigerian Naira to the United States Dollar at the parallel market depreciated by N1 on Tuesday to Read More
Economy Naira Trades Flat at I&E Wednesday on Drop in Forex Demand September 26, 2019 Adedapo Adesanya By Adedapo Adesanya The Naira traded flat against the Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Read More
Economy Naira Gains 0.02% at I&E Window as Turnover Hits $906.02m June 24, 2018 Dipo Olowookere By Dipo Olowookere It was a positive week for the local currency at the Investors & Exporters (I&E) segment of the foreign exchange market. Read More
Economy Naira/Dollar Exchange Rates Steady in Most Market Segments November 18, 2017 Modupe Gbadeyanka By Cowry Asset This week, in line with our expectation, the Naira/Dollar exchange rate was relatively stable week-on-week at the interbank market (NIFEX), Bureau Read More
Economy Naira/Dollar Rates Rise Across Most Market Segments September 1, 2017 Modupe Gbadeyanka By Cowry Asset In the just concluded week, the Central Bank of Nigeria (CBN) injected $250 million into the interbank foreign exchange market. In Read More
Economy Naira Crashes To 485 Per Dollar December 6, 2016 Modupe Gbadeyanka By Modupe Gbadeyanka The Nigerian local currency suffered a huge shock on Tuesday after falling to N485 per Dollar at the parallel market. The Read More
Economy CBN Raises BDC Exchange Rate To N385/$ October 18, 2016 Dipo Olowookere By Modupe Gbadeyanka Exchange rate for Bureau De Change (BDC) operators in the country has been raised by the Central Bank of Nigeria (CBN) Read More