The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25. The figure represented an increase of 0.03 per...
An economist, Mr Johnson Chukwu, says Nigeria can attain foreign exchange rate stability by boosting crude oil production. Chukwu, the Managing Director of Cowry Asset Management,...
The Naira on Friday weakened at the parallel market as it traded for N454 to $1 due to the high demand for the Dollar by foreign...
Financial experts have predicted that the Naira could fall to as low as N480 by year-end and over N500 next year, citing Nigeria’s weakening FX positions,...
The Naira hits N388.84 against dollar at the spot market due to surging demand for the U.S dollar as Nigeria’s Central Bank begins Fx sales to...
A dollar was sold for N460 at the parallel market on Tuesday, which is over 15% spread when compared to the interbank rate of N387 to...
The Lagos Chamber of Commerce and Industry (LCCI) has advised the Central Bank of Nigeria to curb multiplicity of exchange rates, a development it argued could...
The Nigerian Naira has faced upside pressure since the start of the third-quarter as the Naira exchange rate to the dollar on the Investors and Exporters’...
The declining fortunes of the naira in the Investors and Exporters (I&E) window is expected to continue this week, analysts have predicted. Last week, the Naira...
Nigeria’s local currency, the Naira dropped to a 15-month low on Friday at the parallel market, exchanging for as high as N371 to a Dollar. National...