tracking nigeria's currency

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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 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 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 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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    Business Naira Watch: Tracking Nigeria's Currency [Day 29]

    The naira exchange rate on Tuesday appreciated further at the inter-bank market closing at N314.13 as against its closing rate last Monday of N316.50 to a dollar. On the other hand, the naira dropped to 380 against the United States dollar at the parallel market on Tuesday, down from the 382 it...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 28]

    The naira exchange rate on Monday appreciated at the inter-bank market closing at N316.50 as against its closing rate last Friday of N319.75 to a dollar. The currency had on Thursday closed at N316.13 to a US dollar on Thursday as the market continued to find its path of price discovery. On...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 27]

    The naira exchange rate on Friday recorded loses at the inter-bank market by climbing to N319.75 to a dollar as against N316.13 on Thursday as the market continued to find its path of price discovery. On the other hand, the parallel market rate of the naira remain unchanged as it closed at N378...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 26]

    The Naira on Thursday depreciated against the United States Dollar on a closing rate of N316.13 as against 315 the previous day, twenty-six days after the Central Bank of Nigeria allows free float of the currency at the inter-bank market. The naira opened the day's trading at N315.25 to the...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 25]

    The Naira on Wednesday down slightly against the United States Dollar closing at N315, twenty-five days after the Apex bank removed the currency peg. The naira opened the day's trading at N310.25 to the United States Dollar with a high trading rate of the day of 5.8% to N334, making it all time...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 24]

    The Naira on Tuesday depreciated against the United States Dollar closing at N310.50, twenty-four days after the Apex bank removed the currency peg. The naira opened the day's trading at N309. to the United States Dollar and closed at N310 with a difference of N28.50 to the previousday trading...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 23]

    The Naira on Monday appreciated against the United States Dollar closing at N282, twenty-three days after the Apex bank removed the currency peg. The naira opened the day's trading at N305.25 to the United States Dollar and closed at N282 at the inter bank market, according to data mined from...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 22]

    The Nigerian naira on Thursday further depreciated at the inter-bank market closing at N305.25 to a United States dollar, twenty-two official day after the Central Bank of Nigeria removed peg on the country's currency. The naira traded N293.75 to the United States Dollar as of 10:55am in Lagos...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 21]

    The Nigerian naira on Thursday closed at 293.27 at the inter bank rate, twenty-one official day after the Apex bank remove peg on the country's rates The naira flashed a trade at N309 to the United States Dollar as of 2:01pm in Lagos, record low on a closing basis. Naira Watch: Tracking...
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    Business Naira Watch: Tracking Nigeria's Currency [Day 20]

    The Nigerian naira on Wednesday headed to the rocks by depreciating to 295.25 at the inter bank rate, twenty official day after the Apex bank remove peg on the country's rates The naira declined 0.3% to 294.25 against the United States Dollar as of 2:54pm in Lagos, record low on a closing...
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