Naira Float

The naira depreciated by 0.9% to NGN769.25/USD at the I&E window as against N763 on Tuesday (before the two-day public holiday to commemorate the Muslim festival of Eid-el-Kabir). Turnover rose 9% to close at $263.45 against $245.65 on Tuesday. Nigeria’s...

Based on data by the National Bureau of Statistics (NBS), Nigerian farmers will earn an additional estimated N160.3 billion from agricultural exports in the second half of the year as a result of the depreciation of the Naira in...

June 23, (THEWILL) - The Investors’ and Exporters’ (I&E) window (official market channel) has turned the tide against the black market, as the gap between both foreign exchange channels stood at N11.83 in favour of the official window...

June 20, (THEWILL) - The naira continued in its debilitating state Tuesday as it slumped to N756.61/$ on the I&E window. Although this was a marginal recovery from Monday’s all-time crash of N770.38/$1, it marks the historic convergence of...

June 17, (THEWILL) – Daily market turnover rose to $311.82 million Friday at the I&E forex window - two days after the Central Bank of Nigeria (CBN) announced the Naira floating policy, This represents a 444 percent surge from...