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Following the policy statement by the new administration on plans to unify the exchange rate and also bring about a moderation in the interest rates as part of efforts geared towards increasing investment and consumer purchasing power in ways to sustain the economy at higher level, the demand level for the greenback eased marginally at |
Pressure on the naira extended from the black market to the official end of the foreign exchange market as the dollar exchanged for as high as N632 to the
The naira at the parallel foreign exchange market depreciated by N6 or 0.81% week on week to close at N745/$1 from N739/$1 in the previous week on the back of increased dollar demand. However, at the investors' and exporters’ FX window, the Naira appreciated against the United States’ dollar by N0.77 or 0.17% week on |
It was a positive outing for the naira at the parallel foreign exchange market in the just concluded week, as it appreciated by N1 or 0.27% week on week to close at N739/USD from N738/USD in the previous week. Also, at the investors' and exporters’ FX window, the Naira edged out the United States’ dollar |
In the just concluded week at the parallel market, the Naira maintained dominance at the open market as it edged out the dollar to gain N9 or by 1.21% week on week to close at N738/USD from N747/USD in the previous week. On the other hand, at the investors' and exporters’ FX window, the Naira |