naira watch

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    Business Naira Watch: Tracking Nigeria's Currency [Day 49]

    The naira on Tuesday appreciated by 0.22% against Dollar to close at N318.14 at the inter-bank market, forty -nine days after the Central bank of Nigeria introduced the flexible exchange rate policy. The currency slipped by 0.73% to N415.00 in parallel market. The interbank market recorded an...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 48]

    The naira on Monday depreciated slightly to close at 314.75 to the dollar at the inter-bank market, forty -eight days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. The currency on Friday closed at 314.25 to the dollar...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 47]

    The naira on Friday appreciated slightly to close at 314.25 to the dollar at the inter-bank market, forty -seven days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. Meanwhile, the Nation's naira was quoted at an all-time...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 46]

    The naira on Thursday appreciated to close at 338.75 to the dollar at the inter-bank market, forty -six days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. The Currency initially weakened 8.9% to 342.05 per dollar by...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 45]

    The naira on Wednesday depreciated 3.52% to close at 315.93 to the dollar at the inter-bank market, forty -five days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data compiled by Bloomberg. Meanwhile, the Nigerian Naira was on Wednesday quoted at...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 44]

    The naira on Tuesday appreciated 1.25% to close at 328.25 to the dollar at the inter-bank market, forty -four days after the Central bank of Nigeria introduced the flexible exchange rate policy, according to data mined from the Bloomberg data. Meanwhile, the Central Bank of Nigeria (CBN) has...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 43]

    The naira on Monday appreciated 0.81% to 305.50 to the dollar at the inter-bank market, forty -three days after the Central bank of Nigeria introduced the flexible exchange rate policy. The capacity to defend the currency has also continued to drop as the external reserves of the country has...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 42]

    The naira on Friday apreciated 5.2% to 308 to a dollar, forty -two days the Central bank of Nigeria introduced the flexible exchange rate policy. Naira, yesterday, suffered a major dropped in the inter-bank market trading at N365.25 per dollar against it earlier trade of N314.14, almost 14 per...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 41]

    The naira on Thursday depreciated 20.5% at the interbank market to 347.25 326. 75 to a dollar, forty -one days the Central bank of Nigeria introduced the flexible exchange rate policy. The naira on Thursday depreciated 20.5% at the inter-bank market to 347.25 to a dollar, forty -one days after...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 40]

    The naira on Wednesday further dropped at the interbank market to 326. 75 t a dollar, forty exact day the Central bank of Nigeria introduced the flexible exchange rate policy. The naira weakened to 324.20 to a dollar on Tuesday against its closing rate of N320 to the dollar on Monday, according...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 39]

    The naira on Tuesday weakened further at the interbank market to 324.20 to a dollar, thirty-nine days after the Central Bank of Nigeria introduced the flexible exchange rate policy. The currency on Monday closed at 320.25 to the United States Dollar. Meanwhile, the Central Bank of Nigeria...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 38]

    The naira on Monday depreciated to 320.25 to the United States Dollar at the inter-bank market as against 311.25 and 315 its closed on Thursday and Friday respectively. The currency on Friday rose to all-time low of 350.91 to dollar at the interbank market before the intervention by the Central...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 37]

    The naira on Friday appreciated to 311.25 to the United States Dollar at the inter-bank market as against 313.75 and 315 its closed on Wednesday and Thursday respectively. Naira hits a new all-time low of 350.91 to dollar at the interbank market. It however closed the day at N311.25 to the...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 36]

    The naira on Thursday appreciated to 313.75 to the United States Dollar at the inter-bank market as against 315 its closed the previous day. The currency closed at N356 and N414 to the Euro and Pound respectively at the end of closing period on Thursday. The Central Bank of Nigeria (CBN)...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 35]

    The naira on Wednesday appreciated to 315.50 to the United States Dollar at the inter-bank market as against 322 its closed the previous day. The Central Bank of Nigeria (CBN), yesterday, intervened to save the naira, as the currency hit all-time-low at 350 to a dollar equivalent to 77.67 per...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 34]

    The naira on Tuesday depreciated to 322.00 to the United States Dollar at the inter-bank market as against 317.75 its closed the previous day. The Nigerian Naira, traded to its lowest value against the dollar of 350 to the dollar on Tuesday in a single interbank market trade of $100,000 at...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 33]

    The naira on Monday appreciated slightly to 317.75 to the United States Dollar at the inter-bank market, thirty-three days after the Central bank of Nigeria removed peg on the currency rate. The naira on Friday down 1.22% to N318.91k to close trading at the inter-bank market, while at the...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 32]

    The naira on Friday down 1.22% to N318.91k to close trading at the inter-bank market, thirty-two days after the Central Bank of Nigeria removed peg on the currency. At the parallel market, the naira retreated from N400 to a dollar on Thursday to N395 to dollar. Analysts believed that the...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 31]

    The naira Thursday appreciated at the inter-bank market closing at N310.76 as against its closing rate last Tuesday of N315.05 to a dollar. The currency has been under a persistent pressure as dollar scarcity continues to weigh on the local currency at both the parallel and inter-bank forex...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 30]

    The naira Wednesday down slightly at the inter-bank market closing atN315.05 as against its closing rate last Tuesday of N314.13 to a dollar. The currency has been under a persistent pressure as dollar scarcity continues to weigh on the local currency at both the parallel and interbank forex...
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