On Monday, the Nigerian Naira experienced a depreciation against the US Dollar, reaching an exchange rate of N747.87 at the Investors and Exporters window. This marked a 1.01% decline compared to the N740.38 rate observed at the close of business on September 1. The open indicative rate concluded at N772.06 to the dollar during Monday’s Read More…
Tag: Dollar
Registrar warns FG naira re-denomination will jeopardise economic stability
The Registrar of the Chartered Institute of Treasury Management (CITM), Mr. Olumide Adedoyin, has issued a warning to the Federal Government regarding the purported intention to re-denominate the naira, cautioning that it could jeopardise economic stability. Adedoyin conveyed this concern in a statement released in Abuja on Tuesday, addressing the alleged plan for naira re-denomination. Read More…
Naira declines against the dollar, trading at N461.67
At the investors’ and exporters’ window on Thursday, the Naira lost value versus the dollar and traded for N461.67. The exchange rate reflected a drop of 0.04 per cent from the N461.50 it was traded for on Wednesday. On Thursday, the open indicative rate reached a high of N461.25 to the dollar. Before it finished Read More…
Naira loses further to dollar
Naira exchanged at N461.67 at the Investors’ and Exporters’ window on Monday, a further decline against the dollar. The exchange rate indicated a decline of 0.04 percent from the N461.50 it was trading for at Friday’s close of business. On Monday, the open indicative rate was N461.50 to $1. Prior to settling at N461.67 during Read More…
Naira rises 0.04% at Investors/Exporters window
Tuesday’s Investors’ and Exporters’ window naira-dollar rate was 461.50. The value rose 0.04 per cent from Monday’s 461.67. Tuesday’s open indicative rate was N460.25/$. Before settling at N461.50, the day’s highest exchange rate was N462. During the day’s trade, the naira fell to 440 per dollar. Tuesday’s Investors’ and Exporters’ window trades totalled N117.63 million.