So, who is afraid of a stronger Naira?
IN last week’s article, the advantages of a stronger naira exchange rate were identified; these benefits include much lower inflation and interest rates, increasing industrial expansion, with rapidly rising employment opportunities. This writer also explained why a stronger naira will eliminate fuel subsidy and also reduce the size and cost of our national debt. (See “Advantages of a Stronger Naira” at www.lesleba.com).
Naira depreciates to N360.39/$ in I&E
The naira yesterday depreciated to N360.39 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market.
CBN injects $210m as naira depreciates to N360.37/$
The naira Monday started the week with a marginal depreciation of 2 kobo to N360.37 per dollar in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria injected $210 million into the foreign exchange market.
Naira down to N360.54/$ in I&E
The naira Thursday depreciated to N360.54 per dollar in the Investors and Exporters (I&E) window.
Naira closes at N360.54 per dollar at investors’ window
The Naira on Thursday traded at N360.54 to a dollar at the investors’ window.
Naira stables at N360.25/$ in I&E
By Adaeze Okechukwu The naira Wednesday stabilized at N360.25 per dollar in the Investors’ and Exporters’ (I&E) window. Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the window, known as Nigerian Autonomous Foreign Exchange, NAFEX, remained unchanged at N360.25 per dollar,. Meanwhile the volume of dollars traded fell […]
