Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be interesting and here are the five things that could trigger a slight spike in the value of US dollar against the Nigerian Naira this week. Last week between Monday, December 7 to Friday, December 11, …
5 Things to Watch in Dollar To Naira This Week December 14, 2020 Read More »
The daily parallel market exchange rate closed at ₦475/1USD as Nigeria dived into the first weekend in the month of December (Friday, Dec 4, 2020). It showed a slight depreciation from the previous day, Thursday, December 3, when trading at the black market closed at N470/1$. We’re also seeing the effect of the latest policy …
Naira-Dollar Closes At N475/1USD At Parallel Market On December 4, 2020 Read More »
The Nigerian Naira now goes for N495 against one US dollar at the parallel market at the close of trading Thursday, November 27, 2020, it’s the worse exchange rate in weeks. The latest worsening value of Naira/USD comes a few hours after the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele took a …
US Dollar Sells for N495 At Parallel Market, Hours After CBN Comment on Forex Read More »
Governor of Nigeria’s apex bank Godwin Emefiele has said that the parallel market is shallow and illegal, patronise by those who engage in illicit transactions and for “corruption purposes” He stated this at the end of the last 2020 Monetary Policy Committee (MPC) meeting, in Abuja. He said it is unfair to use the parallel market rate …
I watched the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele speak on the activities of speculators on the foreign exchange on TV, he looked and sounded helpless. I sympathise with him because some of the measures put in place by the apex bank are not producing the desired impact at stabilising forex. …
Parallel Market: CBN Governor Got It Wrong On Foreign Exchange Read More »
The pressure on the Nigerian currency persists as Naira depreciated further Wednesday, hitting N478 against 1US Dollar. It closed at N470/$1 at the parallel market on Friday, November 13 while it started the week on a more disappointing way, it sold for N475 against the US dollar which it maintained till the close trading on …
Between November 11-November 13, 2020, the interventions of the Central Bank of Nigeria (CBN) seemed to be losing impact as Naira weakened against the US dollar. It’s N470/1USD at the parallel market at the close of business on Friday, November 13, 2020, a data from abokifx.com revealed. On November 11, it’s N466/1USD, by the second …
Naira Weakens To 470/USD Despite Nigeria’s Apex Bank Interventions Read More »