27 C
Lagos, South Africa and New York
Thursday, November 26, 2020

Naira Stabilizes against the Greenback as CBN Moves to Boost Liquidity…

In the just concluded week, Naira appreciated against the USD at the Investors and Exporters FX Window (I&E FXW) by 0.09% to close at 385.67/USD. However, NGN/USD closed flat at N381/USD at the Interbank Foreign Exchange market amid weekly injections of USD210 million by CBN into the forex...

Dollar buoyed by yields surge jump after Fed’s inflation shift

Tokyo, Aug. 28, 2020  The dollar held gains against major currencies, on Friday, after the Federal Reserve’s aggressive new strategy to lift employment and increased tolerance for higher inflation pushed U.S. bond yields up. The dollar’s index rose against six major currencies and was last...

Dollar falls, riskier currencies gain, ahead of Republican convention

London, Aug. 24, 2020 (Reuters/Naija247news) The dollar fell on Monday while European shares and riskier currencies gained, with some analysts attributing the pick-up in sentiment to U.S. regulators approving a treatment for COVID-19 patients ahead of the Republican National Convention. More than 800,000 people around...

Naira Remains Flat Against USD at I&E FX Windows…

In line with our expectation, Naira again closed flat against the USD at the Investors and Exporters FX Window (I&E FXW), at N386.00/USD. Also, NGN/USD closed flat atN381/USD at the Interbank Foreign Exchange market amid weekly injections of USD210 million by CBN into the forex market:...

Naira weakens N480/$1 on black market on plans to reopen airports

ABUJA, Aug 18 - Nigeria’s naira fell 1.04% on Tuesday to a low of 480 on the black market after the government said it would reopen airports for international travel in two weeks’ time, a move that could increase dollar demand, traders said. The...

Naira strengthens against dollar‍

By Fabian Ekeruche Lagos, Aug.19, 2020 Barely 24 hours the Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the parallel market in Lagos. Naija247news reports that the Pound Sterling and the Euro traded...

Dollars scarcity worsens, forces Naira down

By Fabian Ekeruche Lagos, Aug. 18, 2020 The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. Naija247news reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively. Trading at the...

Naira Closes Flat Against USD at Most FX Windows…

In line with our expectation, Naira closed flat against the USD at the Investors and Exporters FX Window (I&E FXW) to close at N386.00/USD. Also, NGN/USD exchange rate remained unchanged to close at N470.00/USD and N475.00/USD, at the Bureau De Change and the parallel (“black”) market respectively. NGN/USD...

COVID-19 attracting more players to forex trading – Expert

By Abiodun Esan Ilorin, Aug. 16, 2020 A fund manager, Mr Stano Emmanuel, says the COVID-19 pandemic has attracted many players to forex trading. Emmanuel made this known in an interview with newsmen on Sunday in Ilorin. NAN reports that Emmanuel is the Chief Executive Officer of...

U.S dollar weakened: Here’s why it’s still maintained as the world’s reserve currency

It doesn’t make much sense for the dollar to be as widely used as it is. Sure, the U.S. economy is the largest in the world, but the dollar is on one side of 88% of all currency trades, despite the U.S. accounting for...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
Open chat
Discuss your story with us