Wednesday, August 17, 2022
MARKET UPDATE
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Tag "exchange rate"

Naira slides further, trades N560/$1 at parallel market after MPC meeting

    Naira slides further, trades N560/$1 at parallel market after MPC meeting

The Nigerian naira weakened further against the dollar at the parallel market on Wednesday to trade at N560 per dollar. The figure is N15 or 2.8 percent lower than the N545

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The naira and its many enemies

    The naira and its many enemies

When you sow the wind, you reap the whirlwind. This always comes to mind anytime there is an outbreak of debate over the naira. It is a discussion we have

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Zainab Ahmed: Finance ministry working with CBN to close exchange rates gap

    Zainab Ahmed: Finance ministry working with CBN to close exchange rates gap

Zainab Ahmed, minister of finance, budget and national planning, says the fiscal authority ministry is working with the Central Bank of Nigeria (CBN) to close the gap between the official

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‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

    ‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

Vice-President Yemi Osinbajo has called on the Central Bank of Nigeria to allow the naira reflect the realities of the market.  The national currency is changing for N411/$ at the

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Rewane: Official exchange rate may depreciate to N420/$ in 2021

  Rewane: Official exchange rate may depreciate to N420/$ in 2021

Bismarck Rewane, managing director of Financial Derivatives Company, has projected that the naira will depreciate to N420 against the dollar

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Naira trades at N410/$ in I&E window

  Naira trades at N410/$ in I&E window

The naira on Thursday traded at N410 per dollar in the import and export (I&E) window against the previous rate

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Rates unification closer as CBN adjusts spot rate to N379/$

  Rates unification closer as CBN adjusts spot rate to N379/$

The Central Bank of Nigeria (CBN) has adjusted the spot exchange rate displayed on its website to N379 against the

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CBN adjusts official exchange rate to N381/$

  CBN adjusts official exchange rate to N381/$

The Central Bank of Nigeria has adjusted the official exchange rate to N381 to the dollar. This is another step

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External reserves ‘surge to $34b’

  External reserves ‘surge to $34b’

Joseph Nnanna, deputy governor, financial system stability, Central Bank of Nigeria (CBN), says external reserves have hit $34 billion from

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Dollar ‘scarce’ as naira falls to N367/$

  Dollar ‘scarce’ as naira falls to N367/$

The value of the naira against the dollar is declining as bureaux de change operators say the US currency is

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