Latest activity
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Nairaexchange posted the thread Naira Redesign: Lessons from India’s 2016 demonitisation policy in Naira Exchange Rates News.In its latest move to curb naira inflation, the Central Bank of Nigeria (CBN) announced last week that it would redesign the N200, N500... -
Nairaexchange posted the thread Buying frenzy as naira hoarders drive exchange rate past N800/$1 at FX black market in Naira Exchange Rates News.According to media reports, the exchange rate between the naira and the dollar fell to N800/$1 on Monday even as some outlets reported...
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Nairaexchange posted the thread Access Bank informs customers about changes to Forex requests in Naira Exchange Rates News.Access Bank has informed its customers about some important changes regarding the fulfilment of Forex requests. In an email sent out...
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Nairaexchange posted the thread IMF warns Nigeria of dollarisation risks amid naira crash, rising inflation in Naira Exchange Rates News.As Nigeria battles with a crashing local currency and rising inflation, the International Monetary Fund (IMF) has cautioned that...
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Nairaexchange posted the thread A compendium of CBN’s forex policies under Godwin Emefiele 2020-2022 in Naira Exchange Rates News.Since the first quarter of 2020, Nigeria has faced an exchange rate crisis triggered by the drop in oil prices. It started after two of...
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Nairaexchange posted the thread Naira crashes to N820/$1 at the black market in Naira Exchange Rates News.The naira crashed to a new record low on Wednesday, November 2nd, on the black market, closing at an average of N820/$1 from N800/$1...
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Nairaexchange posted the thread Nigeria’s used car import drops as dealers fault naira depreciation, clearing cost in Naira Exchange Rates News.Nigerians imported foreign used cars worth N169.1 billion in the first half of 2022. This represents a 51.2% decline from the N346.29...
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Nairaexchange posted the thread Nigeria’s external reserves fall to lowest level in 2022 in Naira Exchange Rates News.Nigeria’s external reserves fell to $37.7 billion as of October 18, 2022, according to data from the Central Bank of Nigeria (CBN). This...
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Nairaexchange posted the thread Naira-dollar mismatch, lack of data hampering off-grid energy investments in Nigeria – WACEE in Naira Exchange Rates News.Panellists at the ongoing West African Clean Energy & Environment (WACEE) Trade Fair & Conference 2022 have identified a lack of data...
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Nairaexchange posted the thread Naira falls to N755/$1 at the black market in Naira Exchange Rates News.The exchange rate between the naira and the US dollar recorded a sharp fall on Friday morning, 21st October 2022, trading at a minimum...
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Nairaexchange posted the thread What to do with the naira as inflation hit a 17-year high in Naira Exchange Rates News.Let’s face it; Nigeria’s skyrocketing inflation and a few high-yielding investment options are already deterring some investors from...
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Nairaexchange posted the thread Oil and gas gains help Nigeria’s stock market maintain bullish run in first 9 months of 2022 in Naira Exchange Rates News.In the first nine months of the year, the Oil and Gas Index helped the stock market of the NGX maintain a bullish run, gaining N4.15...
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Nairaexchange posted the thread Confusion among black market traders as exchange rate goes haywire in Naira Exchange Rates News.The persistent depreciation in the value of the Naira against the US dollar on the black market has further escalated the level of...
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Nairaexchange posted the thread Naira has declined by 33.7% since the CBN banned sale of dollars to BDCs in Naira Exchange Rates News.The exchange rate between the naira and dollar at the black market has depreciated by about 33.7% and counting since the Central Bank of...
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Nairaexchange posted the thread Challenges for an average Forex trader who wants to make money amidst volatility in Naira Exchange Rates News.The past few weeks have sparked a level of FX activity that many traders have never experienced, at least not in developed markets...