Naira depreciation to persist as political campaigns pressure forex market
THE depreciation of the naira in the last two weeks may persist this week following increased demand for dollars triggered by political campaign activities across the country. Last week, the naira depreciated to new levels in the parallel market and in the Investors and Exporters, I&E, window.
Brazil to inject $1.1b into Nigerian agriculture
The Brazilian Ambassador to Nigeria, Ricardo Guerra de Araujo, says Brazil will soon inject 1.1 billion dollars into Nigeria’s agriculture.
Naira down to N364.33/$ in I&E window
By Elizabeth Adegbesan THE, Naira, yesterday, depreciated to N364.33 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded dropped by 78 percent. Data from FMDQ showed that the indicative exchange rate for the window rose to N364.33 per dollar yesterday from N363.96 per dollar on Wednesday, translating to […]
Naira up to N363.92/$ in I&E window
The Naira, yesterday, appreciated to N363.96 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded rose by 60 percent.
Naira down to N364.33/$ in I&E window
The Naira, yesterday, depreciated to N364.33 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded rose by 224 percent.
Naira appreciates against dollar at parallel market
The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday.
