Naira appreciates barely at black Market at N677/$1

Supplied by IFC Markets

The trade price between the naira and the US greenback on the parallel market on Monday, nineteenth September 2022 depreciated to N708/$1, representing a 0.43% fall in comparison with N705/$1 recorded as of the shut of commerce final week Friday. That is in line with info for black market merchants.

Additionally, the native forex depreciated on the cryptocurrency peer-to-peer FX market, buying and selling at a minimal of N713.67/$1 on Monday morning, a 0.025% decline from N713.49/$1 that it traded on the similar time on Friday.

Alternatively, naira appreciated barely towards the US greenback to shut at N436.25/$1 on Friday, sixteenth September 2022 from N436.33/$1 that it closed within the earlier buying and selling session. In the meantime, a complete of $46.17 million was traded on the window, a major decline in comparison with $118.2 million recorded on Thursday.

Nigeria’s exterior reserve stood at $38.69 billion as of fifteenth September 2022, a slight decline of 0.12% from $38.76 billion recorded as of the day before today. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.25/$1 on Friday, sixteenth September 2022, from N436.33/$1 recorded on Thursday, the earlier buying and selling session.

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The opening indicative price closed at N434.67/$1 on Friday, sixteenth September 2022, as towards N434.75 recorded within the earlier session.
Moreover, an trade price of N437/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.25/$1, whereas it traded as little as N434.5/$1 throughout intra-day buying and selling.
A complete of $46.17 million in FX worth was traded within the Buyers and Exporters window on Friday which is 60.94% decrease than $118.2 million that exchanged arms on Thursday.

Alternate price between naira and greenback appreciates to N705/$1 on the black market on sixteenth September 2022

The trade price between the naira and the US greenback on the parallel market on Friday, sixteenth September 2022 appreciated marginally to N705/$1, representing a 0.14% enchancment in comparison with N706/$1 recorded within the earlier buying and selling session. That is in line with info for black market merchants.

In line with the black market merchants, they promote {dollars} on the price of N703/$1 for individuals who choose switch, whereas for money transactions it’s bought at N705/$1. They attributed the disparity to the dearth of money out there.

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On this vein, the trade price on the official I&E window appreciated barely by 0.04% to shut at N436.33/$1 on Thursday, fifteenth September 2022 from N436.5/$1 recorded on Wednesday. Foreign exchange turnover additionally surged by 79.23% to $118.2 million as towards the $65.95 million that exchanged arms on Wednesday.

The trade price on the cryptocurrency peer-to-peer FX market witnessed a marginal depreciation on Friday morning to commerce at a minimal of N713.49/$1 on Friday morning, as towards N713/$1 that it traded on the similar time on Thursday.

Nigeria’s international reserve stood at $38.74 billion as of 14th September 2022, a slight dip of 0.12% from $38.78 billion recorded as of the day before today. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.33/$1 on Thursday, fifteenth September 2022, from N436.5/$1 recorded on Wednesday, the earlier buying and selling session.

The opening indicative price closed at N434.75/$1 on Thursday, fifteenth September 2022, similar as recorded within the earlier session.
Moreover, the trade price of N438.45/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.33/$1, whereas it traded as little as N420.5/$1 throughout intra-day buying and selling.
A complete of $118.2 million in FX worth was traded within the Buyers and Exporters window on Thursday which is 79.23% increased than $65.95 million that exchanged arms on Wednesday.

Alternate price between naira and greenback appreciates marginally to N706/$1 on the black market on fifteenth September 2022

The trade price between the naira and greenback on the parallel market on Thursday fifteenth September 2022 appreciated marginally to N706/$1, representing a 0.14% enchancment in comparison with N707/$1 recorded within the earlier buying and selling session. That is in line with info for black market merchants.

Alternatively, the trade price on the official I&E window depreciated barely to shut at N436.5/$1 on Wednesday, 14th September 2022 from N436.04/$1 recorded on Tuesday. The depreciation within the closing trade price is following the 21.22% decline within the quantity of FX traded within the I&E window.

Notably, a complete of $65.95 million was recorded as foreign exchange turnover on Wednesday, which is 21.22% decrease than the $83.71 million that exchanged arms on Tuesday.

The trade price on the cryptocurrency peer-to-peer FX market fell by 0.85% to commerce at a minimal of N713/$1 on Thursday morning, as towards N706.98/$1 that it traded on the similar time on Wednesday.

Nigeria’s international reserve stood at $38.78 billion as of thirteenth September 2022, a slight dip of 0.09% from $38.82 billion recorded as of the day before today. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.5/$1 on Wednesday, 14th September 2022, from N436.04/$1 recorded on Tuesday, the earlier buying and selling day.

The opening indicative price closed at N434.75/$1 on Wednesday, 14th September 2022, similar as recorded within the earlier session.
Moreover, the trade price of N437/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.5/$1, whereas it traded as little as N423/$1 throughout intra-day buying and selling.
A complete of $65.95 million in FX worth was traded within the Buyers and Exporters window on Wednesday which represents a 21.22% decline in comparison with the $83.71 million that exchanged arms on Tuesday.

Alternate price between naira and greenback falls to N707/$1 on the black market on 14th September 2022

The trade price between the naira and greenback on the parallel market on Wednesday 14th September 2022 fell to N707/$1, representing a 0.28% depreciation in comparison with N705/$1 recorded within the earlier buying and selling session. That is in line with info for black market merchants.

Alternatively, the trade price on the official I&E window has remained secure prior to now week, albeit at a excessive price because it closed at N436.04/$1 on Tuesday, thirteenth September 2022. This varies barely when in comparison with N436.5/$1 recorded within the earlier buying and selling session.

In the meantime, a complete of $83.71 million was recorded as foreign exchange turnover on Tuesday, which is 16.1% decrease than the $99.78 million that exchanged arms on Monday.

The trade price on the cryptocurrency peer-to-peer FX market fell by 0.35% to commerce at N706.98/$1 on Wednesday morning, as towards N704.5/$1 that it traded on the similar time me on Tuesday.

Nigeria’s international reserve stood at $38.82 billion as of twelfth September 2022, a dip of 0.26% from $38.92 billion recorded as of the day before today. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.04/$1 on Tuesday, thirteenth September 2022, from N436.5/$1 recorded on Monday, the earlier buying and selling day.

The opening indicative price closed at N434.75/$1 on Tuesday, thirteenth September 2022, in comparison with N434.4/$1 recorded within the earlier buying and selling session.
Moreover, the trade price of N437/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.04/$1, whereas it traded as little as N435/$1 throughout intra-day buying and selling.
A complete of $83.71 million in FX worth was traded within the Buyers and Exporters window on Monday which is 16.11% decrease than the $99.78 million that exchanged arms on Monday.

Alternate price between naira and greenback trades at N705/$1 on the black market on thirteenth September 2022

Monday, twelfth September 2022: The trade price between the naira and the US greenback on the I&E window closed at N436.5/$1, a slight depreciation of 0.04% in comparison with N436.33/$1 recorded on Friday, ninth September 2022.

The trade price on the parallel market traded at N705 to a greenback on Tuesday thirteenth September 2022, which represents a 0.14% appreciation from N706/$1 recorded within the earlier buying and selling day.

In the identical vein, the trade price on the cryptocurrency peer-to-peer FX market appreciated by 0.14% to commerce at N704.5/$1 on Tuesday morning, as towards N705/$1 that it traded as of the identical time on Monday.

Nigeria’s international reserve stood at $38.917 billion as of ninth September 2022, from $38.9157 billion recorded as of the day before today. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.5/$1 on Monday, twelfth September 2022, from N436.33/$1, recorded on Friday, final week.

The opening indicative price closed at N434.4/$1 on Monday, twelfth September 2022, in comparison with N433.83/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N437/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.5/$1, whereas it traded as little as N425/$1 throughout intra-day buying and selling.
A complete of $99.78 million in FX worth was traded within the Buyers and Exporters window on Monday which is 51.14% increased than the $66.02 million that exchanged arms on Friday.

Alternate price between naira and greenback trades at N706/$ on the black market on twelfth September 2022

The trade price between the naira and the US greenback stood at N706/$1 on Monday, twelfth September 2022 morning, a 0.28% appreciation in comparison with N708/$1 recorded on Friday, final week. That is in line with info obtained from black market operators.

The native forex declined marginally towards the US greenback to shut at N436.33/$1 on the official trade price market (I&E window), representing a 0.002% depreciation in comparison with N436.32/$1 recorded within the earlier buying and selling session.

In the meantime, a complete of $66.02 million was traded on the official market on Friday, which is 76.05% increased than the $37.5 million that exchanged arms on Thursday, eighth September 2022.

Alternatively, the trade price on the cryptocurrency peer-to-peer FX market appreciated by 0.14% to commerce at N705/$1 on Monday morning, as towards N706/$1 that it traded as of the identical time final week Friday.

Nigeria’s international reserve stood at $38.92 billion as of eighth September 2022, from $38.9156 billion recorded as of the day before today. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.33/$1 on Friday, ninth September 2022, from N436.32/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N433.83/$1 on Friday, ninth September 2022, in comparison with N433.75/$1 recorded in the day before today.
Moreover, an trade price of N437/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.33/$1, whereas it traded as little as N425/$1 throughout intra-day buying and selling.
A complete of $66.02 million in FX worth was traded within the Buyers and Exporters window on Friday which is 76.1% increased than the $37.5 million that exchanged arms on Thursday.

Alternate price between naira and greenback trades at N708/$ on the black market on ninth September 2022

The trade price between the naira and the US greenback stood at N708/$1 on Friday, ninth September 2022 morning, the identical as recorded within the earlier buying and selling session. That is in line with info obtained from black market operators.

In the meantime, the trade price on the official Buyers and Exporters window dipped additional to shut at N436.32/$ on Thursday, eighth September 2022, representing a slight appreciation of 0.04% when in comparison with N436.5/$1 recorded within the earlier buying and selling session.

The provision of foreign exchange fell marginally by 54.4% to face at $37.5 million when in comparison with $82.23 million which was traded on the official market within the earlier buying and selling session.

Alternatively, the trade price on the cryptocurrency peer-to-peer FX market appreciated barely by 0.03% to face at N706/$1 on Friday morning, as towards N706.54/$1 that it traded as of the identical time the day before today.

Nigeria’s international reserve stood at $38.92 billion, recording a slight decline of 0.05% as of Tuesday sixth September 2022, from $38.94 billion recorded as of the day before today.. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.5/$1 on Thursday, eighth September 2022, from N436/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N433.75/$1 on Thursday, eighth September 2022, in comparison with N431.88/$1 recorded in the day before today.
Moreover, an trade price of N437.5/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.32/$1, whereas it traded as little as N425/$1 throughout intra-day buying and selling.
A complete of $37.5 million in FX worth was traded within the Buyers and Exporters window on Thursday which is 54.40% decrease than $82.23 million that exchanged arms the day before today.

Alternate price between naira and greenback falls to N708/$ on the black market on eighth September 2022

The trade price between the naira and the US greenback depreciated additional on Thursday, eighth September 2022 morning, buying and selling at a median of N708/$1 in comparison with N704/$1 recorded within the earlier buying and selling session.

That is in line with info obtained from black market operators. In line with the merchants, they purchase greenback from people at a price of N700, whereas they promote at a median of N708/$1 relying on the amount.

Additionally, the trade price on the official Buyers and Exporters window dipped additional to shut at N436.5/$ on Wednesday, seventh September 2022, representing a 0.11% depreciation when in comparison with N436/$1 recorded within the earlier buying and selling session.

A complete of $82.23 million was traded on the official market, which is 30.4% increased than the $63.05 million that exchanged arms within the earlier buying and selling session.

Alternatively, the trade price on the cryptocurrency peer-to-peer FX market appreciated barely by 0.05% to face at N706.2/$1 on Thursday morning, as towards N706.54/$1 that it traded as of the identical time the day before today.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436.5/$1 on Wednesday, seventh September 2022, from N436/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N431.88/$1 on Wednesday, seventh September 2022, in comparison with N433/$1 recorded in the day before today.
Moreover, an trade price of N437.5/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436.5/$1, whereas it traded as little as N418/$1 throughout intra-day buying and selling.
A complete of $82.23 million in FX worth was traded within the Buyers and Exporters window on Wednesday which is 30.42% increased than $63.05 million that exchanged arms the day before today.

Alternate price between naira and greenback falls to N706/$ on the P2P market on seventh September 2022

sixth September 2022: The naira fell to a file low of N436/$1 on the official Buyers and Exporters window, representing a 0.29% depreciation in comparison with N434.75/$1 recorded within the earlier buying and selling session.

A complete of $63.05 million in FX worth was traded on the official market, a 36.8% decline in comparison with $99.68 million that exchanged arms within the earlier buying and selling session.

Additionally, the trade price on the cryptocurrency peer-to-peer FX market dipped by 0.22% to face at N706.54/$1 on Wednesday morning, as towards N704.99/$1 that it traded as of the identical time the day before today.

Naira however appreciated barely by 0.14% on Wednesday to commerce at N704/$1 on the black market in comparison with N705/$1 recorded on Tuesday, sixth September 2022. That is in line with info obtained from black market operators.

Nigeria’s international reserve stood at $38.94 billion, recording a slight decline of 0.16% as of Monday, fifth September 2022, from $38.99 billion recorded as of the day before today.. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N436/$1 on Tuesday, sixth September 2022, from N434.75/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N433/$1 on Tuesday, sixth September 2022, in comparison with N431.3/$1 recorded in the day before today.
Moreover, an trade price of N437/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N436/$1, whereas it traded as little as N425/$1 throughout intra-day buying and selling.
A complete of $63.05 million in FX worth was traded within the Buyers and Exporters window on Tuesday which is 36.75% decrease than $99.68 million that exchanged arms the day before today.

Alternate price between naira and greenback falls to N705/$ at black market on fifth September 2022

fifth September 2022: The trade price between the naira and US greenback fell to file low of N434.75/$1 on the official Buyers and Exporters window, representing a 0.75% depreciation in comparison with N431.5/$1 recorded within the earlier buying and selling session.

The depreciation of the native forex towards the USD is regardless of the 6.56% within the quantity of foreign exchange traded out there. Notably, foreign exchange turnover elevated from $93.54 million traded on Friday, 2nd September 2022 to $99.68 million on Monday.

Additionally, the trade price on the cryptocurrency peer-to-peer FX market fell by 0.569% to face at N704.99/$1 on Tuesday morning, in comparison with N701/$1 that it traded as of the identical time the day before today.

In the identical vein, Naira closed at N705/$1 on Monday, fifth September 2022 on the black market from N702/$1 recorded within the earlier buying and selling session. That is in line with info obtained from black market operators.

Equally, Nigeria’s international reserve recorded a slight decline of 0.07% to face at $38.99 billion as of Friday, 2nd September 2022, from $39.02 billion recorded as of the day before today.. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N434.75/$1 to a greenback on Monday, fifth September 2022, from N431.5/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N431.3/$1 on Monday, fifth September 2022, in comparison with N429.1/$1 recorded in the day before today.
Moreover, an trade price of N437.5/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N434.75/$1, whereas it traded as little as N425/$1 throughout intra-day buying and selling.
A complete of $99.68 million in FX worth was traded within the Buyers and Exporters window on Friday which is 6.56% increased than $93.54 million that exchanged arms the day before today.

Naira falls to N705/$1 at black market as FX liquidity stays low

The trade between the naira and the US greenback fell to N705/$1 for these shopping for FX on the black market. This represents a 0.43% depreciation when in comparison with N702/$1 recorded on Friday, 2nd September 2022.

That is in line with info from black market foreign exchange merchants round Lagos State. In the meantime, the trade price on the official market additionally fell to a file low of N431.5/$1 within the final buying and selling session, hitting an intra-day excessive of N444/$1.

A complete of $93.54 million exchanged arms on Friday, representing a 25.25% improve in comparison with $74.68 million traded on Thursday, 1st September 2022. The quantity of foreign exchange traded in the course of the week averaged $82.9 million per day, in distinction to $126.8 million recorded within the earlier week.

Equally, the trade price on the cryptocurrency peer-to-peer FX trade likewise depreciated barely to N701.8/$1 throughout mid-day buying and selling on Monday from N697.5/$1 recorded as of the identical time on Friday. This represents a 0.62% fall towards the US greenback within the P2P market.

Additionally, Nigeria’s international reserve recorded a slight decline of 0.002% to face at $39.02 billion. The nation’s international reserve has been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N431.5/$1 to a greenback on Friday, 2nd September 2022, from N430/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N429.1/$1 on Friday, 2nd September 2022, in comparison with N429/$1 recorded in the day before today.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N431.5/$1, whereas it traded as little as N418/$1 throughout intra-day buying and selling.
A complete of $93.54 million in FX worth was traded within the Buyers and Exporters window on Friday which is 25.25% increased than $74.68 million that exchanged arms the day before today.

Naira depreciates marginally at official market as exterior reserve stands at $39 billion

Thursday, 1st September 2022: The trade price between the naira and the US greenback closed at N430/$1 on the Buyers and Exporters window, the place foreign exchange is traded formally.

Naira closed at N430/$1 on Thursday, 1st September 2022, representing a marginal depreciation of 0.13% in comparison with N429.44/$1 recorded within the earlier buying and selling session. The worth of FX provide that exchanged arms on Thursday totalled $74.68 million which is 31.78% decrease than $109.47 million traded on Wednesday, thirty first August, 2022.

The trade price on the cryptocurrency peer-to-peer FX trade likewise depreciated to N697.5/$1 on Friday morning from N693.2/$1 recorded as of the identical time on Thursday. This represents a 0.62% fall towards the US greenback within the P2P market.

Additionally, the trade price on the parallel market depreciated by 0.43% to shut at N700/$1 on Thursday from N697/$1 traded on Wednesday. That is in line with info gathered by Nairametrics from black market FX merchants.

In the identical vein, Nigeria’s international reserve continued its positive aspects on Wednesday, because the reserve gained 0.02% to face at $39.02 billion. The nation’s international reserve had been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N430/$1 to a greenback on Thursday, 1st September 2022, from N429.44/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N429/$1 on Thursday, 1st September 2022, in comparison with N429.17/$1 recorded in the day before today.
Moreover, an trade price of N437/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $74.68 million in FX worth was traded within the Buyers and Exporters window on Thursday, a 31.78% dip from $109.47 million that exchanged arms in the day before today.

Naira falls to N453/$1 throughout intra-day buying and selling at official market

Wednesday, thirty first August 2022: The trade price between the naira and the US greenback closed at N429.44/$1 on the Buyers and Exporters window, the place foreign exchange is traded formally. Naira had traded at a file excessive of N453.2/$1 throughout intra-day buying and selling earlier than moderating to N429.44/$1 on Wednesday.

Naira closed on a constructive word on Wednesday, thirty first August 2022, gaining 0.36% to shut at N429.44/$1 in comparison with N431/$1 recorded within the earlier buying and selling session. A complete of $109.47 million in FX worth exchanged arms on Wednesday.

Equally, the trade price on the cryptocurrency peer-to-peer FX trade appreciated to N693.2/$1 on Thursday morning from N699.04/$1 recorded as of the identical time on Wednesday. This represents a 0.84% achieve towards the US greenback on the P2P market.

In the identical vein, Nigeria’s international reserve continued its positive aspects on Tuesday, because the reserve gained 0.03% to face at $39.02 billion, surpassing the $39 billion threshold as soon as once more. The nation’s international reserve had been on a downward pattern as a result of fixed intervention by the CBN within the official market to keep up the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N429.44/$1 to a greenback on Wednesday, thirty first August 2022, from N431/$1 recorded within the earlier buying and selling session.

The opening indicative price closed at N429.17/$1 on Wednesday, thirty first August 2022.
Moreover, an trade price of N453/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N429.44/$1, whereas it traded as little as N418/$1 throughout intra-day buying and selling.
A complete of $109.47 million in FX worth was traded within the Buyers and Exporters window on Wednesday..

Foreign exchange provide falls additional to $54 million as trade price stays secure

Monday, twenty ninth August 2022: The trade price between the naira and the US greenback closed at N430.67/$1 on the Buyers and Exporters window, the place foreign exchange is traded formally.

Naira remained secure on the I&E window on Monday, closing on the similar price recorded within the earlier buying and selling session, regardless of the additional decline within the quantity of foreign exchange traded on the official market. Particularly, foreign exchange turnover decreased by 34.3% to $54.13 million from $82.38 million recorded on Friday, twenty sixth August 2022.

In the meantime, the trade price on the cryptocurrency peer-to-peer FX trade traded at N699.29/$1 on Friday morning, a 0.09% appreciation when in comparison with N699.92/$1 recorded as of the identical time on Monday.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N430.33/$1 to a greenback on Monday, twenty ninth August 2022, the identical as recorded within the earlier buying and selling session.

The opening indicative price closed at N429.07/$1 on Monday, twenty ninth August 2022, from N428.5/$1 recorded on Friday of the earlier week.
Moreover, an trade price of N432/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430.33/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $54.13 million in FX worth was traded on Monday, which is 34.29% decrease than the $82.38 million that exchanged arms on Friday, twenty sixth August 2022.

Foreign exchange provide falls to $82.9 million as trade price depreciates to N698/$1 at black market

Thursday, twenty fifth August 2022: The trade price between the naira and the US greenback closed at N430.67/$1 on the Buyers and Exporters window, the place foreign exchange is traded formally.

Naira appreciated barely towards the US greenback on Thursday, by 0.08% to shut at N430.67/$1 in comparison with N431/$1 recorded within the earlier buying and selling session. The provision of foreign exchange that trade arms dipped considerably by 36.88% to face at $82.88 million as towards $131.30 million traded on Wednesday.

On the flip aspect, the trade price on the cryptocurrency peer-to-peer FX trade traded at N697/$1 on Friday morning, a 0.14% depreciation when in comparison with N696/$1 recorded as of the identical time on Thursday.

Equally, naira closed buying and selling at N698/$1 on the black market on Thursday, indicating a 0.29% depreciation towards the US greenback, representing the bottom degree since August 1, 2022. That is in line with info from black market operators.

In the meantime, Nigeria’s exterior reserves declined barely by 0.003% on Wednesday, twenty fourth August 2022, to face at $38.94 billion from $38.941 billion recorded within the earlier buying and selling commerce. The reserve degree had dropped considerably year-to-date as a result of fixed intervention by the CBN within the official FX market in a bid to handle trade price volatility.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N430.67/$1 to a greenback on Thursday, twenty fifth August 2022 recording an enchancment of 0.08% in comparison with N431/$1 recorded on Wednesday, twenty fourth August 2022.

The opening indicative price closed at N429.75/$1 on Thursday, twenty fifth August 2022, from N428.67/$1 recorded on Wednesday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430.67/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $82.88 million in FX worth was traded on Thursday, which is 36.9% decrease than the $131.3 million that exchanged arms on Wednesday, twenty fourth August 2022.

Naira depreciates to N696/$1 at P2P foreign exchange market

Wednesday, twenty fourth August 2022: The trade price between the naira and the US greenback closed at N431/$1 on the Buyers and Exporters window, the place foreign exchange is traded formally.

Naira depreciated additional towards the US greenback on Wednesday, representing the third consecutive day of decline because the trade price dipped by 0.08% to shut at N431/$1 in comparison with N430.67/$1 recorded within the earlier buying and selling session.

Equally, the trade price on the cryptocurrency peer-to-peer FX trade traded at N696/$1 on Thursday morning, a 0.45% depreciation when in comparison with N696/$1 recorded as of the identical time on Wednesday.

In the meantime, Nigeria’s exterior reserves improved barely by 0.003% on Tuesday, twenty third August 2022, to face at $38.941 billion from $38.94 billion recorded within the earlier buying and selling commerce. The reserve degree had dropped considerably year-to-date as a result of fixed intervention by the CBN within the official FX market in a bid to handle trade price volatility. Nonetheless, improved non-oil export earnings is starting to raise the reserves, albeit very low.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N431/$1 to a greenback on Wednesday, twenty fourth August 2022 recording a dip of 0.08% in comparison with N430.67/$1 recorded on Tuesday, twenty third August 2022.

The opening indicative price closed at N428.67/$1 on Wednesday, twenty fourth August 2022, from N429.07/$1 recorded on Tuesday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N431/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $131.3 million in FX worth was traded on Wednesday, which is 25.3% decrease than the $175.67 million that exchanged arms on Tuesday, twenty third August 2022.

Naira falls throughout foreign exchange markets as international reserve positive aspects

Tuesday, twenty third August 2022: The trade price between the naira and the US greenback closed at N430.67/$1 on the official international trade market.

Naira depreciated towards the US greenback on Tuesday, representing the second consecutive bearish motion after the trade price dipped by 0.29% to shut at N430.67/$1 in comparison with N429.43/$1 recorded within the earlier buying and selling session on the Buyers and Exporters window.

In the identical vein, the trade price on the cryptocurrency peer-to-peer FX trade traded at N692.9/$1 on Wednesday morning, a 0.28% depreciation when in comparison with N691/$1 recorded as of the identical time on Tuesday.

Additionally, naira dipped towards the US greenback on the parallel market on Tuesday, depreciating by 0.15% to shut at N688/$1 from N687/$1 recorded on Monday, twenty second August 2022. That is in line with info from black market FX merchants.

Nigeria’s exterior reserves improved barely by 0.07% on Monday, twenty second August 2022, to face at $38.94 billion from $38.91 billion recorded within the earlier buying and selling commerce. The reserve degree had dropped considerably year-to-date as a result of fixed intervention by the CBN within the official FX market in a bid to handle trade price volatility. Nonetheless, improved non-oil export earnings is starting to raise the reserves, albeit very low.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N430.64/$1 to a greenback on Tuesday, twenty third August 2022 recording a dip of 0.29% in comparison with N429.43/$1 recorded on Monday, twenty second August 2022.

The opening indicative price closed at N429.07/$1 on Tuesday, twenty third August 2022, the identical as recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430.67/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $175.67 million in FX worth was traded on Tuesday, which is 8.48% increased than the $161.94 million that exchanged arms on Monday, twenty second August 2022.

Naira depreciates at P2P market to N691/$1 regardless of 222% surge in foreign exchange provide

Monday, twenty second August 2022: The trade price between the naira and the US greenback closed at N429.43/$1 on the official international trade market.

The trade price dipped barely to shut at N429.43/$1 in comparison with N429.05/$1 recorded on Friday nineteenth August, 2022, representing a 0.09% depreciation. In the meantime, foreign exchange provide surged by 222.3% to $161.94 million from 50.22 million that exchanged arms within the earlier buying and selling session.

Equally, Naira traded at N691/$1 on Tuesday morning, twenty third August 2022 on the peer-to-peer FX market, indicating a depreciation of 0.16% in comparison with N689.9/$1 recorded within the earlier buying and selling session.

Nigeria’s exterior reserves improved barely by 0.012% on Monday, twenty second August 2022, to face at $38.912 billion from $38.907 billion recorded within the earlier buying and selling commerce. The reserve degree had dropped considerably year-to-date as a result of fixed intervention by the CBN within the official FX market in a bid to handle trade price volatility. Nonetheless, improved non-oil export earnings is starting to raise the reserves, albeit very low.

Buying and selling on the official NAFEX window

The trade price on the official market closed at N429.43 to a greenback on Monday, twenty second August 2022 recording a dip of 0.09% in comparison with N429.05/$1 recorded on Friday, nineteenth August 2022.

The opening indicative price closed at N429.07/$1 on Monday, twenty second August 2022, in comparison with N428/$1 recorded within the final buying and selling session.
Moreover, an trade price of N432/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N429.43/$1, whereas it traded as little as N415/$1 throughout intra-day buying and selling.
A complete of $161.94 million in FX worth was traded on Monday, which is 222.46% increased than the $50.22 million that exchanged arms on Friday, nineteenth August 2022.

Naira appreciates barely at black market, trades at N677/$1

Wednesday, seventeenth August 2022: The trade price between the naira and the US greenback closed at N429.38/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira appreciated barely, with a achieve of 0.3% on Wednesday to shut at N429.38 on the official market in comparison with N430.67/$1 recorded within the earlier buying and selling session. Notably, foreign exchange turnover additionally elevated by 134.4% to face at $118.14 million traded on Wednesday from $50.4 million traded on Tuesday, sixteenth August 2022.

Equally, Naira traded at N679.5/$1 within the early hours of Thursday, 18th August 2022 on the peer-to-peer FX market, indicating a 0.13% appreciation towards the US greenback in comparison with N680.4/$1 recorded within the earlier buying and selling session.

Additionally, the trade price on the parallel market appreciated marginally on Thursday, 18th August 2022, with a achieve of 0.44% to commerce at N677/$1 from N680/$1 recorded on Wednesday. That is in accordance ot info from black market FX merchants throughout the nation.

Nigeria’s exterior reserves on Tuesday, sixteenth August 2022, dipped barely by 0.01% to face at $38.894 billion from $38.896 billion recorded as of the earlier week. The reserve degree had been on a downturn in current occasions, as a result of fixed intervention by the CBN within the official FX market in a bid to handle trade price volatility.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Wednesday, seventeenth August 2022 by 0.3% to shut at N429.38 to a greenback in comparison with N430.67/$1 recorded on Tuesday, sixteenth August 2022.

The opening indicative price closed at N427.58/$1 on Wednesday, seventeenth August 2022, in comparison with N429.88/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N429.38/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $118.14 million in FX worth exchanged arms on Wednesday, which is 134.4% increased than the $50.4 million that was traded within the earlier buying and selling session.

Nigeria’s international reserve continues enchancment as Naira dips additional at I&E window

Tuesday, sixteenth August 2022: The trade price between the naira and the US greenback closed at N430.67/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira depreciated by 0.16% to shut buying and selling at N430.67 on the official market. This follows a 62.5% decline within the quantity of traded FX out there. Notably, foreign exchange turnover fell from $134.3 million traded on Monday to $50.4 million on Tuesday, sixteenth August 2022.

Equally, Naira depreciated on Wednesday morning, buying and selling at a minimal of N680.4/$1 in comparison with N676.38/$1 recorded within the earlier buying and selling session.

Nigeria’s exterior reserves on Monday, fifteenth August 2022, continued their uptrend after gaining 0.03% to face at $38.89 billion from $38.88 billion recorded as of the earlier week. The reserve degree had been on a downturn in current occasions, as a result of fixed intervention by the CBN within the official FX market in a bid to handle trade price volatility.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Tuesday, sixteenth August 2022 by 0.16% to shut at N430.67 to a greenback in comparison with N430/$1 recorded on Monday, fifteenth August 2022.

The opening indicative price closed at N429.88/$1 on Tuesday, sixteenth August 2022, in comparison with N429.7/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N432/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430.67/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.

A complete of $50.4 million in FX worth exchanged arms on Tuesday, which is 62.47% decrease than the $134.3 million that was traded within the earlier buying and selling session.

Official trade price closes at N430/$1 as FX provide surges by 190% to $134.30 million

Monday, fifteenth August 2022: The trade price between the naira and the US greenback closed at N430/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira depreciated by 0.09% on Monday, fifteenth August 2022 to shut buying and selling at N430/$1 from N429.62/$1 recorded within the earlier buying and selling session. Nonetheless, foreign exchange provide inclined considerably by 190% to $134.3 million from $46.31 million that exchanged arms on Friday, twelfth August 2022.

Alternatively, Naira recorded a marginal appreciation on Tuesday morning, buying and selling at a minimal of N676.38/$1 in comparison with N678.98/$1 recorded within the earlier buying and selling session.

In the meantime, on the parallel market, the Naira fell to N678/$1 on Monday, closing with a 0.44% depreciation in comparison with N675/$1 recorded within the earlier buying and selling session as FX merchants continued to lament the shortage of foreign exchange and sustained excessive demand. That is in line with info obtained from black market FX merchants.

Nigeria’s exterior reserves recorded a uncommon achieve on Friday, twelfth August 2022, after the reserve degree improved barely by 0.01% to face at $38.884 billion, from $38.881 billion recorded as of the day before today. The reserve degree had been on a downturn in current occasions, as a result of fixed intervention by the CBN within the official FX market in a bid to handle trade price volatility.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Monday, fifteenth August 2022 by 0.09% to shut at N430 to a greenback as towards the N429.62/$1 recorded on Friday, twelfth August 2022.

The opening indicative price closed at N429.70/$1 on Monday, fifteenth August 2022, in comparison with N429.67/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $134.30 million in FX worth exchanged arms on Monday, which is 190% increased than the $46.31 million that was traded within the earlier buying and selling session.

Black market price depreciates to N675/$1 as international reserve falls sharply under $39 billion

Tuesday, ninth August 2022: The trade price between the naira and the US greenback closed at N428.75/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira appreciated by 0.52% on Tuesday, ninth August 2022 to shut buying and selling at N428.75/$1 from N431/$1 recorded within the earlier buying and selling session. On the flip aspect, foreign exchange provide declined marginally by 1.75% to $113.64 million from $115.67 million that was traded on Monday, eighth August 2022.

Alternatively, on the peer-to-peer market, Naira fell to N681.84/$1 on Wednesday morning from N670.4/$1 recorded as of the identical time on Tuesday, representing a 1.71% decline in comparison with the day before today.

Equally on the black market, Naira depreciated to N675/$1 on Tuesday, closing with a 1.5% decline in comparison with N665/$1 recorded within the earlier buying and selling session as FX merchants lament the shortage of foreign exchange and sustained excessive demand. That is in line with info obtained from black market FX merchants.

Nigeria’s exterior reserves fell sharply under the $39 billion mark on Monday, eighth August 2022, dropping by 0.24% to face at $38.95 billion from $39.05 billion recorded as of the day before today. That is largely as a result of fixed intervention by the CBN within the Buyers and Exporters window, to handle trade price volatility.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Tuesday, ninth August 2022 by 0.52% to shut at N428.75 to a greenback as towards the N431/$1 recorded on Monday, eighth August 2022.

The opening indicative price closed at N429.58/$1 on Tuesday, ninth August 2022, in comparison with N429/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N428.75/$1, whereas it traded as little as N417/$1 throughout intra-day buying and selling.
A complete of $113.64 million in FX worth exchanged arms on Tuesday, which is 1.75% decrease than the $115.67 million that was traded within the earlier buying and selling session.

Naira falls to N431/$1 at I&E window regardless of $115.7 million foreign exchange turnover

Monday, eighth August 2022: The trade price between the naira and the US greenback closed at N431/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira began the week on a bearish word, with a 0.67% depreciation to shut at N431/$1 in comparison with N428.12/$1 recorded within the earlier buying and selling session. That is regardless of a 60.83% improve within the quantity of foreign exchange traded out there at $115.67 million.

In the identical vein, on the peer-to-peer market, naira fell to N670.4/$1 on Tuesday morning from N662.4/$1 recorded as of the identical time on Monday, representing a 1.21% decline in comparison with the day before today.

Nigeria’s exterior reserves rose for the second time in a row, after dropping consecutively for nearly a month. The reserve degree gained 0.03% to face at $39.09 billion as of Thursday, 4th August 2022 from $39.07 billion recorded as of the day before today.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Monday, eighth August 2022 by 0.67% to shut at N431 to a greenback as towards the N428.12/$1 recorded on Friday, fifth August 2022.

The opening indicative price closed at N429/$1 on Monday, eighth August 2022, the identical as recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N431/$1, whereas it traded as little as N415/$1 throughout intra-day buying and selling.
A complete of $115.67 million in FX worth exchanged arms on Monday, which is 60.83% increased than the $71.92 million that was traded within the earlier buying and selling session.

Naira appreciates at I&E window as international reserves information first achieve in two weeks

Thursday, 4th August 2022: The trade price between the naira and the US greenback closed at N428.12/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira closed increased on Thursday, with a 0.25% appreciation towards the US greenback to shut at N428.12/$1 in comparison with N429.2/$1 recorded within the earlier buying and selling session. A complete of $110.22 million was traded on Thursday, representing a 100.955% lower when in comparison with the $123.78 million traded on Wednesday.

Alternatively, on the peer-to-peer market, naira fell to N651/$1 on Friday morning from N616.66/$1 recorded as of the identical time on Thursday, representing a 5.6% decline in comparison with the day before today.

Nigeria’s exterior reserves rose for the primary time in over two weeks, gaining marginally by 0.01% to face at $39.07 billion from $39.07 billion recorded in the day before today. The reserve degree had depreciated for eleven consecutive days, largely as a result of fixed intervention by the apex financial institution within the I&E window.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Thursday, 4th August 2022 by 0.25% to shut at N428.12 to a greenback as towards the N430.67/$1 recorded on Wednesday, third August 2022.

The opening indicative price closed at N428.33/$1 on Thursday, 4th August 2022 from N427.9/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N428.12/$1, whereas it traded as little as N415/$1 throughout intra-day buying and selling.
A complete of $110.22 million in FX worth exchanged arms on Thursday, which is 10.95% decrease than the $123.78 million that was traded within the earlier buying and selling session.

Alternate price appreciates to N616/$1 at peer-to-peer FX market

Wednesday, third August 2022: The trade price between the naira and the US greenback closed at N429.2/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira closed on a constructive word on Wednesday, with a 0.34% appreciation towards the US greenback to shut at N429.2/$1 in comparison with N430.67/$1 recorded within the earlier buying and selling session. A complete of $123.78 million was traded out there on Wednesday, representing a 21.9% improve when in comparison with the $158.68 million traded on Tuesday.

In the identical vein, the trade price on the black market appreciated on Wednesday to shut at N665/$1 in comparison with N670/$1 recorded on Tuesday, representing a 0.75% forex appreciation towards the US greenback.

Equally, on the peer-to-peer market, naira rose to N616.66/$1 on Thursday morning from N652.5/$1 recorded on Wednesday, representing a rally of 5.5% in comparison with the day before today. That is following a surprising depreciation recorded within the earlier week, when the naira fell to a file N705/$1 on account of FX shortage and panic shopping for.

In the meantime, Nigeria’s exterior reserves recorded its eleventh consecutive decline on Tuesday, dropping by 0.1% to face at $39.07 billion from $39.1 billion recorded as of Monday, 1st August 2022. The decline within the nation’s exterior reserve could possibly be attributed to the elevated move of FX within the official market prior to now two days.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Wednesday, third August 2022 by 0.34% to shut at N429.2 to a greenback as towards the N430.67/$1 recorded on Tuesday, 2nd August 2022.

The opening indicative price closed at N427.9/$1 on Wednesday, third August 2022 from N427.75/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N429.2/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $123.78 million in FX worth exchanged arms on Wednesday, which is 21.9% decrease than the $158.68 million that was traded within the earlier buying and selling session.

Naira falls at I&E window regardless of a 163% surge in foreign exchange provide

Tuesday, 2nd August 2022: The trade price between the naira and the US greenback closed at N430.67/$1 on the official Buyers and Exporters (I&E) window.

Naira closed on a bearish word on Tuesday, falling by 0.42% to shut at N430.67/$1 from N428.88/$1 recorded within the earlier buying and selling session. That is regardless of the 163.3% improve in foreign exchange turnover to $158.68 million.

Alternatively, the trade price on the black market recorded a major appreciation on Tuesday, closing at N670/$1 in comparison with N718/$1 recorded on Monday, representing a 6.69% forex appreciation towards the US greenback.

Equally, on the peer-to-peer market, naira rose to N652.5/$1 on Wednesday morning from N669/$1 recorded on Tuesday. That is following a surprising depreciation recorded within the earlier week, when the naira fell to a file N705/$1 on account of FX shortage and panic shopping for.

In the meantime, Nigeria’s exterior reserves recorded its tenth consecutive decline on Monday, dropping by 0.23% to face at $39.1 billion from $39.18 billion recorded as of Friday, twenty ninth July 2022. The decline within the nation’s exterior reserve could possibly be attributed to the elevated move of FX within the official market prior to now two days.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Tuesday, 2nd August 2022 by 0.42% to shut at N430.67 to a greenback as towards the N428.88/$1 recorded on Monday, 1st August 2022.

The opening indicative price closed at N427.75/$1 on Tuesday, 2nd August 2022 from N428.633/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430.67/$1, whereas it traded as little as N415/$1 throughout intra-day buying and selling.
A complete of $158.68 million in FX worth exchanged arms on Tuesday, which is 163.28% increased than the $60.27 million that was traded within the earlier buying and selling session.

Official trade price falls to file low at N431/$1

Tuesday, twenty sixth July 2022: The trade price between the naira and the US greenback closed at N431/$1 on the official Buyers and Exporters (I&E) window.

Naira closed on a bearish word on Tuesday, falling by 0.9% to shut at N431/$1 from N427.17/$1 recorded initially of the week, the bottom price recorded on the official market year-to-date. In the identical vein, foreign exchange turnover declined by 35.37% to $58.03 million in comparison with $89.79 million that exchanged arms within the earlier buying and selling session.

Additionally, with additional shortage of foreign exchange out there, the trade price on the peer-to-peer market depreciated considerably to a file low of N685.5/$1 within the early hours of Wednesday, representing a 2.77% decline in comparison with N667/$1 recorded on Tuesday morning. That is the very best price recorded within the unofficial market, in line with information tracked by Nairalytics.

In the meantime, Nigeria’s exterior reserves recorded its fifth consecutive decline on Monday, dropping by 0.21% to face at $39.31 billion from $39.39 billion recorded as of Friday, twenty second July 2022. The decline within the nation’s exterior reserve could possibly be attributed to the elevated move of FX within the official market prior to now two days.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Tuesday, twenty sixth July 2022 by 0.9% to shut at N431 to a greenback as towards the N427.17/$1 recorded on Monday, twenty fifth July 2022.
The opening indicative price closed at N427.3/$1 on Tuesday, twenty sixth July 2022 from N427.63/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N431/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $58.03 million in FX worth exchanged arms on Tuesday, which is 35.37% decrease than the $89.79 million that was traded within the earlier buying and selling session.

Official trade price appreciates as foreign exchange provide surges by 146%

Monday, twenty fifth July 2022: The trade price between the naira and the US greenback closed at N427.17/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira began the week with a 0.66% appreciation towards the US greenback on the official market to shut at N427.17/$1 in comparison with N430/$1 recorded within the earlier buying and selling session. The upward motion within the native forex is following the 146.2% improve within the quantity of foreign exchange traded on the ground of the trade.

Additionally, with the additional shortage of foreign exchange out there, the trade price on the peer-to-peer market depreciated considerably to a file low of N667/$1 within the early hours of Tuesday, representing a 1.72% decline in comparison with N655.73/$1 recorded on Monday morning. That is the very best price recorded within the unofficial market, in line with information tracked by Nairalytics.

In the meantime, Nigeria’s exterior reserves recorded its fourth consecutive decline on Friday, dropping by 0.05% to face at $39.39 billion from $39.41 billion recorded as of Thursday, twenty first July 2022. The decline within the nation’s exterior reserve could possibly be attributed to the elevated move of FX within the official market prior to now two days.

The CBN had defined over the last MPC session that Nigeria’s exterior reserve grew within the month of June 2022 on account of elevated non-oil export and enchancment in diaspora remittances by way of its RT200 and Naira4dollar programmes respectively.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Monday, twenty fifth July 2022 by 0.66% to shut at N427.17 to a greenback as towards the N430/$1 recorded on Friday, twenty second July 2022.

The opening indicative price closed at N427.63/$1 on Monday, twenty fifth from N427/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N427.17/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $89.79 million in FX worth exchanged arms on Monday, which is 146.2% increased than the $36.47 million that was traded within the earlier buying and selling session.

Alternate price skyrockets to N644/$1 at peer-to-peer market as foreign exchange shortage lingers

Wednesday, twentieth July 2022: The trade price between the naira and the US greenback closed at N426.58/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira retracted on Wednesday, depreciating by 0.57% to shut at N426.58/$, from N424.17/$1 recorded within the earlier commerce session. In the identical vein, foreign exchange provide fell by 62.45% to $144.03 million from the file of #383.59 million that was traded on Tuesday.

Additionally, with the additional shortage of foreign exchange out there, the trade price on the peer-to-peer market depreciated considerably to a file low of N644.25/$1 within the early hours of Thursday, representing a 1.44% decline in comparison with N635.1/$1 recorded on Wednesday morning. That is the very best price recorded within the unofficial market, in line with information tracked by Nairalytics.

Alternatively, the trade price on the parallel market appreciated barely by 0.16% to shut buying and selling actions on Wednesday at N629/$1 in comparison with N630/$1 recorded within the earlier buying and selling session. That is in line with info from Bureau De Change operators.

Nigeria’s exterior reserves recorded its first decline in over one month on Tuesday, nineteenth July 2022, falling by 0.02% to face at $39.43 billion in comparison with $39.44 billion recorded as of the day before today. The decline within the nation’s exterior reserve could possibly be attributed to the elevated move of FX within the official market prior to now two days.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Wednesday, twentieth July 2022, declining by 0.57% to shut at N426.58 to a greenback as towards the N424.17/$1 recorded on Tuesday, nineteenth July 2022.

The opening indicative price closed at N426.5/$1 on Wednesday, twentieth from N426.2/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N426.58/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $144.03 million in FX worth exchanged arms on Wednesday, which is 62.45% decrease than the $383.59 million that was traded within the earlier buying and selling session.

Official trade price appreciates as Foreign exchange provide surges by 301% to $389 million

Tuesday, nineteenth July 2022: The trade price between the naira and the US greenback closed at N424.17/$1 on the official Buyers and Exporters (I&E) window.

Naira appreciated considerably towards the US greenback on the official market on Tuesday, with a 1.16% achieve to shut at N424.17/$1, in comparison with N429.13/$ recorded as of the shut of buying and selling actions within the earlier buying and selling session.

The appreciation of the native forex is following the 301.3% improve within the quantity of foreign exchange equipped within the official market. A complete of $383.59 million in FX worth was traded on Tuesday, nineteenth July 2022, a rise in comparison with $95.58 million that exchanged arms on Monday.

Alternatively, the trade price on the parallel market fell by 1.69% to shut buying and selling actions on Monday at N630/$1 in comparison with N619.5/$1 recorded within the earlier buying and selling session. That is in line with info from Bureau De Change operators.

Additionally, the trade price on the peer-to-peer market depreciated additional by 0.78% on Wednesday morning to commerce at a minimal of N635.1/$1 in comparison with N630.2/$1 recorded on Tuesday morning. That is the very best price recorded on the unofficial market, in line with information tracked by Nairalytics.

Nigeria’s exterior reserves elevated by 0.01% on Monday, 18th July 2022 to face at $39.45 billion from $39.43 billion recorded as of the day before today. This represents the twenty seventh straight day of enchancment for the nation’s international reserve.

The exterior reserve had been on a downward pattern as a result of steady intervention by the Central Financial institution within the FX market with the intention to guarantee the soundness of the native forex. Nonetheless, elevated crude oil costs have seen the reserve degree enhance.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Tuesday, nineteenth July 2022, gaining 1.16% to shut at N424.17 to a greenback as towards the N429.13/$1 recorded on Monday, 18th July 2022.

The opening indicative price closed at N426.2/$1 on Tuesday, nineteenth, from N428.26/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N424.17/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $383.59 million in FX worth exchanged arms on Tuesday, which is 301.33% increased than the $63.19 million that was traded within the earlier buying and selling session.

Naira falls to N630/$1 on the black market

Monday, 18th July 2022: The trade price between the naira and the US greenback closed at N429.13/$1 on the official Buyers and Exporters (I&E) window.

Naira appreciated barely towards the US greenback on the official market on Monday, with a 0.28% appreciation to shut at N429.13/$1, in comparison with N430.33/$ recorded as of the shut of buying and selling actions within the earlier buying and selling session.

The appreciation of the native forex is following the 51.26% improve within the quantity of foreign exchange equipped within the official market. A complete of $95.58 million in FX was traded on Monday, 18th July 2022, a rise in comparison with $63.19 million that exchanged arms on Friday, final week.

Additionally, the trade price on the peer-to-peer market depreciated by 1.69% on Tuesday morning to commerce at a minimal of N630.2/$1 in comparison with N623.1/$1 recorded on Monday morning. That is the very best price recorded on the unofficial market, in line with information tracked by Nairalytics.

Nigeria’s exterior reserves elevated by 0.03% on Friday, fifteenth July 2022 to face at $39.44 billion from $39.43 billion recorded as of the day before today. This represents the twenty sixth straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Monday, 18th July 2022, gaining 0.28% to shut at N429.13 to a greenback as towards the N430.33/$1 recorded on Friday, fifteenth July 2022.
The opening indicative price closed at N428.26/$1 on Monday, 18th July 2022, from N426.63/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N429.13/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $95.58 million in FX worth exchanged arms on Monday, which is 51.26% increased than the $63.19 million that was traded within the earlier buying and selling session.

Naira falls massive to N430/$1 at official window as liquidity stays low

Friday, fifteenth July 2022: The trade price between the naira and the US greenback closed at N430.33/$1 on the official Buyers and Exporters (I&E) window.

Naira depreciated massively towards the US greenback on the official market on Friday, with a 1.34% decline to shut at N430.33/$1, in comparison with N424.62/$ recorded as of the shut of buying and selling actions within the earlier buying and selling session. That is the bottom degree on file, except for thirty first December 2021.

The depreciation of the native forex is following the sustained low foreign exchange turnover out there. A complete of $63.19 million in FX was traded on Friday, fifteenth July 2022, representing a lower of 28.15% in comparison with $87.95 million that exchanged arms on Thursday.

Additionally, the trade price on the peer-to-peer market depreciated by 0.14% on Saturday morning to commerce at a minimal of N623.1/$1 in comparison with N622.25/$1 recorded on Friday morning. That is the very best price recorded on the unofficial market, in line with information tracked by Nairalytics.

Alternatively, the trade price on the parallel market remained flat on Friday, closing at N618/$, the identical as recorded within the earlier buying and selling session. That is in line with info from Bureau De Change operators.

Nigeria’s exterior reserves elevated by 0.02% on Thursday, 14th July 2022 to face at $39.43 billion from $39.42 billion recorded as of the day before today. This represents the twenty fifth straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Friday, fifteenth July 2022, dropping by 1.34% to shut at N430.33 to a greenback as towards the N424.62/$1 recorded on Thursday, 14th July 2022.
The opening indicative price closed at N426.63/$1 on Friday, fifteenth July 2022, from N424.3/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N430.33/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $63.19 million in FX worth exchanged arms on Friday, which is 28.15% decrease than the $87.95 million that was traded within the earlier buying and selling session.

Alternate price depreciates at I&E window regardless of enchancment in FX provide

Thursday, 14th July 2022: The trade price between the naira and the US greenback closed at N424.62/$1 on the official Buyers and Exporters (I&E) window.

Naira depreciated marginally towards the US greenback on the official market on Thursday, with a 0.01% decline to shut at N424.62/$1, regardless of a 44.56% improve in foreign exchange turnover. Particularly, a complete of $87.95 million in FX worth exchanged arms out there on Thursday in comparison with $60.84 million that was traded within the earlier buying and selling session.

Additionally, the trade price on the peer-to-peer market depreciated by 0.29% on Friday morning to commerce at a minimal of N622.25/$1 in comparison with N620.41/$1 recorded on Thursday morning. That is the very best price recorded on the unofficial market, in line with information tracked by Nairalytics.

Alternatively, the trade price on the parallel market remained flat on Thursday, closing at N618/$, the identical as recorded within the earlier buying and selling session. That is in line with info from Bureau De Change operators.

Nigeria’s exterior reserves elevated by 0.17% on Wednesday, thirteenth July 2022 to face at $39.42 billion from $39.35 billion recorded the day before today. This represents the twenty fourth straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated barely on Thursday, 14th July 2022, dropping by 0.01% to shut at N424.62 to a greenback as towards the N426.58/$1 recorded on Wednesday, thirteenth July 2022.
The opening indicative price closed at N424.3/$1 on Thursday, 14th July 2022, from N424.4/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N424.62/$1, whereas it traded as little as N414/$1 throughout intra-day buying and selling.
A complete of $87.95 million in FX worth exchanged arms on Thursday, which is 44.56% increased than the $60.84 million that was traded within the earlier buying and selling session.

Naira falls to N620/$1 at peer-to-peer market as FX shortage persists

Tuesday, thirteenth July 2022: The trade price between the naira and the US greenback closed at N424.58/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira appreciated barely towards the US greenback on the official market on Wednesday, with a 0.36% achieve to shut at N424.58/$1, following a 25.01% improve in foreign exchange turnover. Particularly, a complete of $60.84 million in FX worth exchanged arms out there on Wednesday in comparison with $48.67 million that was traded within the earlier buying and selling session.

Alternatively, the trade price on the parallel market depreciated to N618/$1 on Wednesday, falling by 0.49% in comparison with N615/$1 recorded on Friday, the earlier week. That is in line with info from Bureau De Change operators.

Additionally, the trade price on the peer-to-peer market depreciated by 0.72% on Thursday morning to commerce at a minimal of N620.41/$1 in comparison with N616/$1 recorded on Wednesday morning. That is the very best price recorded on the unofficial market, in line with information tracked by Nairalytics.

Nigeria’s exterior reserves elevated by 0.03% on Friday, eighth July 2022 to face at $39.35 billion from $39.34 billion recorded the day before today. This represents the twenty third straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market appreciated on Wednesday, thirteenth July 2022, gaining 0.36% to shut at N424.58 to a greenback as towards the N426.13/$1 recorded on Friday, eighth July 2022.
The opening indicative price closed at N424.4/$1 on Wednesday, thirteenth July 2022, from N423.85/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N424.58/$1, whereas it traded as little as N411.42/$1 throughout intra-day buying and selling.
A complete of $60.84 million in FX worth exchanged arms on Wednesday, which is 25.01% increased than the $46.67 million that was traded within the earlier buying and selling session.

Naira falls at I&E window regardless of huge enchancment in greenback provide

Thursday, seventh July 2022: The trade price between the naira and the US greenback closed at N428.16/$1 on the Buyers and Exporters (I&E) window, the place foreign exchange is traded formally.

Naira depreciated towards the US greenback on the official market on Thursday, with a 0.1% decline to shut at N428.16/$1 regardless of a 172.95% surge within the quantity of foreign exchange that was traded out there. Particularly, foreign exchange turnover improved to $222.84 million, the very best recorded since 2nd June 2022.

Nonetheless, the trade price on the parallel market remained flat at N616/$1, the identical as recorded within the earlier buying and selling session. That is in line with info from Bureau De Change operators.

Additionally, the trade price on the peer-to-peer market depreciated marginally by 0.03% on Friday morning to commerce at a minimal of N618.2/$1 in comparison with N618/$1 recorded on Thursday morning.

Nigeria’s exterior reserves elevated by 0.17% on Wednesday, sixth July 2022 to face at $39.34 billion from $39.27 billion recorded the day before today. This represents the twenty first straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated on Thursday, seventh July 2022, falling by 0.1% to shut at N428.16 to a greenback as towards the N427.75/$1 recorded on Wednesday, sixth July 2022.

The opening indicative price closed at N426.31/$1 on Thursday, seventh July 2022, from N423.85/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N428.16/$1, whereas it traded as little as N413.5/$1 throughout intra-day buying and selling.
A complete of $222.84 million in FX worth exchanged arms on Thursday, which is 222.84% increased than the $81.64 million that was traded within the earlier buying and selling session.

Naira falls to N431/$1 on the official foreign exchange market

Wednesday, sixth July 2022: The trade price between the naira and the US greenback closed at N427.75/$1 on the Buyers and Exporters (I&E) window, reaching a peak of N431/$1.

Naira recorded a 0.52% appreciation towards the US greenback on Wednesday to shut at N427.75/$1 after hitting a year-to-date excessive on Tuesday, fifth July 2022 at N430/$1. Equally, a complete of $81.64 million trade arms within the official market on Wednesday, in line with info obtained from FMDQ web site.

The trade price on the parallel market depreciated on Wednesday, closing at N616/$1 in comparison with N613/$1 recorded on Tuesday, fifth July 2022. Bureau De Change operators who spoke to Nairametrics attributed the downturn to foreign exchange shortage and elevated demand.

Equally, the trade price on the peer-to-peer market depreciated marginally by 0.16% on Thursday morning to commerce at a minimal of N618/$1 in comparison with N617/$1 recorded on Wednesday morning.

Nigeria’s exterior reserves elevated by 0.04% on Tuesday, fifth July 2022 to face at $39.27 billion from $39.25 billion recorded the day before today. This represents the twentieth straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market moderated on Wednesday, appreciating by 0.52% to shut at N427.75 to a greenback as towards the N430/$1 recorded on Tuesday, fifth July 2022.
The opening indicative price closed at N423.85/$1 on Wednesday, sixth July 2022, from N422.71/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N431/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N427.75/$1, whereas it traded as little as N413/$1 throughout intra-day buying and selling.
A complete of $81.64million in FX worth was traded within the official I&E window on Wednesday.

Naira falls throughout FX markets as greenback provide dips considerably

Monday, 4th July 2022: The trade price between the naira and the US greenback closed at N425.75/$1 on the Buyers and Exporters (I&E) window, representing the bottom degree recorded year-to-date.

Naira depreciated additional towards the US greenback on Monday, beginning the week with a 0.18% depreciation to shut at N425.75/$1 in comparison with N425/$1 recorded within the earlier buying and selling periods. In the identical vein, the entire foreign exchange provide declined by 39.69% to $47.56 million, the bottom in two seeks.

The trade price on the parallel market depreciated marginally on Monday, closing at N613/$1 in comparison with N612/$1 recorded as of Friday, 1st July 2022. Bureau De Change operators who spoke to Nairametrics attributed the downturn to foreign exchange shortage and elevated demand.

Equally, the trade price on the peer-to-peer market depreciated marginally by 0.09% on Tuesday morning to commerce at a minimal of N616.49/$1 in comparison with N615.9/$1 recorded on Monday morning.

Nigeria’s exterior reserves elevated by 0.05% on Friday, 1st July 2022 to face at $39.17 billion from $39.16 billion recorded the day before today. This represents the 18th straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market fell additional on Monday, depreciating by 0.18% to shut at N425.75 to a greenback as towards the N425/$1 recorded on Friday, 1st July 2022.

The opening indicative price closed at N422.25/$1 on Monday, 4th July 2022, from N421.6/$1 recorded within the earlier buying and selling session.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N425.75/$1, whereas it traded as little as N413/$1 throughout intra-day buying and selling.
A complete of $47.56 million in FX worth was traded within the official I&E window on Monday, which is 39.69% decrease than the $78.86 million that exchanged arms within the earlier buying and selling session.

Naira closes week weaker as black market price hits N615/$

The trade price between the naira and the US greenback closed the week weaker on the official Investor and Exporter window, closing at N425/$1 on Friday, 1st July 2022 in comparison with N420.13/$1 recorded within the earlier week.

That is in line with Nairalytics trade tracker culled from the web site of FMDQ. Naira depreciated by 1.2% week-on-week towards the US greenback. In the meantime, the entire quantity of FX traded out there elevated marginally by 6.27% to $627.94 million within the overview week in comparison with $590.91 million that exchanged arms within the earlier week.

Alternatively, naira closed the week at N612/$1 on the parallel market from N610/$ recorded on the shut of the earlier week, hitting a file N615/$1 in the course of the week. Additionally, the trade price closed at N615/$1 on the peer-to-peer market from N612.59/$ recorded final week.

Buying and selling on the official NAFEX window

The trade price on the official market fell additional within the overview week, depreciating by 1.2% to shut at N425 to a greenback as towards the N420.13/$1 recorded on Friday, twenty fourth June 2022.
The opening indicative price closed at N421.6/$1 on Friday, 1st July 2022, from N419.79/$1 recorded the earlier Friday.
Moreover, an trade price of N444/$1 was the very best price recorded in the course of the week buying and selling earlier than it settled at N425/$1, whereas it traded as little as N410/$1 throughout intra-day buying and selling.
A complete of $627.94 million in FX worth was traded within the official I&E window in the course of the week, which is 6.27% increased than the $590.91 million that exchanged arms within the earlier week.
Nigeria’s forex has been confronted with immense stress from decline in export earnings and surging FX demand within the nation, resulting in tightened foreign exchange liquidity. A cursory test exhibits that the trade price has depreciated to its highest degree year-to-date on the official market regardless of fixed CBN interventions.
On the flip aspect, the native forex has declined by 8.3% year-to-date on the black market, beginning the 12 months at N565/$1, now buying and selling at N612/$.

Naira falls additional on the official market as foreign exchange turnover declines

Thursday, thirtieth June 2022: The trade price between the naira and the US greenback closed at N425.05/$1 on the Buyers and Exporters (I&E) window, representing the bottom degree recorded year-to-date.

Naira depreciated additional towards the US greenback on Thursday, falling by 0.04% to shut at N425.05/$1 in comparison with N424.88/$1 recorded within the earlier buying and selling periods. In the identical vein, the entire foreign exchange provide declined by 32.1% to $76.64 million from $112.83 million that exchanged arms within the earlier buying and selling session.

The trade price on the parallel market remained flat on Thursday to shut at N615/$1, the identical as recorded within the earlier buying and selling session. That is in line with info from BDC operators. That is the bottom degree that the native forex has fallen, as BDC operators attributed the downturn to foreign exchange shortage and elevated demand.

Equally, the trade price on the peer-to-peer market appreciated marginally by 0.19% on Friday morning to commerce at N615/$1 in comparison with N616.15/$1 recorded on Thursday morning.

Nigeria’s exterior reserves elevated by 0.1% on Wednesday, twenty ninth June 2022 to face at $39.13 billion from $39.09 billion recorded the day before today. This represents the sixteenth straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market fell additional on Thursday, depreciating by 0.04% to shut at N425.05 to a greenback as towards the N424.88/$1 recorded on Wednesday, twenty ninth June 2022.
The opening indicative price closed at N420.96/$1 on Thursday, thirtieth June 2022, from N421.8/$1 recorded on Wednesday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N425.05/$1, whereas it traded as little as N413/$1 throughout intra-day buying and selling.
A complete of $76.64 million in FX worth was traded within the official I&E window on Thursday, which is 32.07% decrease than the $112.83 million that exchanged arms within the earlier buying and selling session.

Official trade price (NAFEX) falls to lowest degree year-to-date

Wednesday, twenty ninth June 2022: The trade price between the naira and the US greenback closed at N424.88/$1 on the Buyers and Exporters (I&E) window.

Naira depreciated towards the US greenback on Wednesday, falling by 0.8% to shut at N424.88/$1 in comparison with N421.5/$1 recorded within the earlier buying and selling periods. This represents the bottom degree reached by the native forex between January up to now as FX shortages linger.

A complete of $112.83 million in FX worth was traded on Wednesday as towards the $206.65 million that was traded on Tuesday, twenty eighth June 2022, representing a forty five.4% lower. That is in line with info from the web site the FMDQ Alternate.

The trade price on the parallel market remained flat on Wednesday to shut at N615/$1 on Wednesday, the identical as recorded within the earlier buying and selling session. That is in line with info from BDC operators. That is the bottom degree that the native forex has fallen, as BDC operators attributed it to foreign exchange shortage and elevated demand.

Equally, the trade price on the peer-to-peer market appreciated marginally by 0.19% on Thursday morning to commerce at N616.15/$1 in comparison with N617.29/$1 recorded on Wednesday morning.

Nigeria’s exterior reserves elevated by 0.1% on Tuesday, twenty eighth June 2022 to face at $39.09 billion from $39.06 billion recorded the day before today. This represents the fifteenth straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market fell massive on Wednesday, depreciating by 0.8% to shut at N424.88 to a greenback as towards the N421.5/$1 recorded on Tuesday, twenty eighth June 2022.
The opening indicative price closed at N421.8/$1 on Wednesday, twenty ninth June 2022, from N420.7/$1 recorded on Tuesday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N424.88/$1, whereas it traded as little as N410/$1 throughout intra-day buying and selling.
A complete of $112.83 million in FX worth was traded within the official I&E window on Wednesday, which is 45.4% decrease than the $206.65 million that exchanged arms within the earlier buying and selling session.

Alternate price appreciates at I&E window as foreign exchange provide rises to 3-week excessive

Thursday, twenty third June 2022: The trade price between the naira and the US greenback closed at N420/$1 on the Buyers and Exporters (I&E) window.

Naira gained towards the US greenback on Thursday, reaching its highest degree within the week to shut at N420.17/$1, representing a 0.08% appreciation in comparison with N420.5/$1 recorded within the earlier buying and selling session. That is in line with info from the web site the FMDQ Alternate.

A complete of $201.81 million in FX worth was traded on Thursday as towards the $71.99 million that was traded in the day before today, representing a 180.33% improve.

The trade price on the parallel market depreciated by 0.66% to shut at N611/$1 on Thursday morning, from N607/$1 recorded as of the earlier buying and selling session. That is in line with info from BDC operators.

In the meantime, the trade price on the peer-to-peer market remained secure, buying and selling at N612.59 to a greenback on Friday morning, representing a 0.04% depreciation in comparison with N612.85/$1 recorded as of the identical time on Thursday.

Nigeria’s exterior reserves elevated by 0.08% on Wednesday, twenty second June 2022 to face at $38.85 billion from $38.82 billion recorded the day before today. This represents the eleventh straight day of enchancment for the nation’s international reserve.

Buying and selling on the official NAFEX window

The trade price on the official market recorded a slight achieve on Thursday, appreciated by 0.08% to shut at N420.17 to a greenback as towards the N420.5/$1 recorded on Wednesday, twenty third June 2022.

The opening indicative price closed at N419.79/$1 on Thursday, twenty third June 2022, from N419.46/$1 recorded on Wednesday.

Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N420.17/$1, whereas it traded as little as N410/$1 throughout intra-day buying and selling.
A complete of $201.81 million in FX worth was traded within the official I&E window on Thursday, which is 180.33% increased than the $71.99 million that exchanged arms within the earlier buying and selling session.

Naira falls to N611/$1 on the black market as FX liquidity tightens

The trade price between the naira and the US greenback closed at N420.5/$1 on the Buyers and Exporters (I&E) window.

Naira closed barely weaker on Wednesday with a 0.05% depreciation to shut at N420.5/$1 in comparison with N420.28/$1 recorded within the earlier buying and selling session. That is in line with info from the web site the FMDQ Alternate.

A complete of $71.99 million in FX worth exchanged arms on Wednesday as towards the $108.06 million that was traded in the day before today, representing a 33.38% lower.

The trade price on the parallel market depreciated by 0.66% to commerce at N611/$1 on Thursday morning, from N607/$1 recorded as of the earlier buying and selling session. That is in line with info from BDC operators.

In the meantime, the trade price on the peer-to-peer market recorded a slight uptick on Thursday morning, buying and selling at N612.85/$1 in comparison with N613/$ recorded as of the identical time on Wednesday, twenty second June 2022.

Nigeria’s exterior reserves elevated by 0.07% on Tuesday, twenty first June 2022 to face at $38.82 billion from $38.79 billion recorded the day before today. The nation’s exterior had been on a downward pattern as a result of steady intervention by the Central Financial institution within the FX market with the intention to guarantee the soundness of the native forex. Nonetheless, elevated crude oil costs have seen the reserve degree enhance.

Buying and selling on the official NAFEX window

The trade price on the official market depreciated marginally by 0.05% on Wednesday to shut at N420.5/$1 in comparison with N420.28/$1 recorded as of shut of commerce on Tuesday.
The opening indicative price closed at N419.46/$1 on Wednesday, twenty second June 2022, from N420.71/$1 recorded on Tuesday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N420.5/$1, whereas it traded for as little as N412/$1 throughout intra-day buying and selling.
A complete of $71.99 million in FX worth was traded within the official I&E window on Wednesday, which is 33.38% decrease than the $108.06 million that exchanged arms within the earlier buying and selling session.

Foreign exchange provide surges by 135% to $108.1 million at I&E window

Tuesday, twenty first June 2022: The trade price between the naira and the US greenback closed at N420.28/$1 on the Buyers and Exporters (I&E) window.

Naira closed stronger on Tuesday with a 0.25% achieve to shut at N420.28/$1 in comparison with N421.33/$1 recorded within the final two buying and selling periods. That is in line with info culled from the web site the FMDQ Alternate.

A complete of $108.06 million in FX worth exchanged arms on Tuesday as towards the $46.07 million that was traded in the day before today, representing a surge of 134.6%

The trade price on the parallel market remained secure on Tuesday, depreciated barely by 0.17% to shut at N607/$1 from N606/$1 recorded as of the shut of buying and selling actions on Monday. That is in line with info from BDC operators.

In the meantime, the trade price on the peer-to-peer market depreciated by 0.13% on Wednesday morning, buying and selling at N613/$1 in comparison with N612.19/$ recorded as of the identical time on Tuesday, twenty first June 2022.

Nigeria’s exterior reserves elevated by 0.25% on Monday, twentieth June 2022 to face at $38.79 billion from $38.69 billion recorded the day before today. The nation’s exterior had been on a downward pattern as a result of steady intervention by the Central Financial institution within the FX market with the intention to guarantee the soundness of the native forex. Nonetheless, elevated crude oil costs have seen the reserve degree enhance.

Buying and selling on the official NAFEX window

The trade price on the official market improved by 0.25% on Tuesday to shut at N420.28 to a greenback in comparison with N421.33/$1 recorded as of shut of commerce on Monday.
The opening indicative price closed at N420.71/$1 on Tuesday, twenty first June 2022, from N490.71/$1 recorded on Monday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N420.28/$1, whereas it bought for as little as N413/$1 throughout intra-day buying and selling.
A complete of $108.06 million in FX worth was traded within the official I&E window on Tuesday, which is 134.6% increased than the $46.07 million that exchanged arms within the earlier buying and selling session.

Naira closes flat at official market as FX provide crashes to $46.1 million

Monday, twentieth June 2022: The trade price between the naira and the US greenback closed at N421.33/$1 on the Buyers and Exporters (I&E) window.

Naira remained secure on the official Buyers and Exporters window on Monday, closing on the similar price because it did on Friday of the earlier week at N421.33/$1. That is in line with info culled from the web site the FMDQ Alternate.

The quantity of FX that was traded within the I&E window crashed considerably to its lowest in over two months at $46.07 million.

The trade price on the parallel market remained secure on Monday grew barely stronger, having closed at N606/$1, from N607/$1 recorded as of the shut of buying and selling actions final week on Friday. That is in line with info from BDC operators.

In the meantime, the trade price on the peer-to-peer market depreciated by 0.15% on Tuesday morning, buying and selling at N612.19/$1 in comparison with N611.3/$ recorded as of the identical time on Monday, twentieth June 2022.

Nigeria’s exterior reserves appreciated marginally by 0.08% on Friday, seventeenth June 2022 to face at $38.69 billion from $38.66 billion recorded the day before today. The nation’s exterior had been on a downward pattern as a result of steady intervention by the Central Financial institution within the FX market with the intention to guarantee the soundness of the native forex. Nonetheless, elevated crude oil costs have seen the reserve degree enhance.

Buying and selling on the official NAFEX window

The trade price began the week on a secure word because the naira closed flat at N421.33/$1, the identical as recorded within the earlier buying and selling session.
The opening indicative price closed at N419.71/$1 on Monday, twentieth June 2022.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N421.33/$1, whereas it bought for as little as N413/$1 throughout intra-day buying and selling.
A complete of $46.07 million in FX worth was traded within the official I&E window on Monday, which is the bottom recorded since 4th April 2022.

Naira falls at official market regardless of improved foreign exchange liquidity

Thursday, sixteenth June 2022: The trade price between the naira and the US greenback closed at N420.5/$1 on the Buyers and Exporters (I&E) window.

Naira grew weaker towards the US greenback on Thursday regardless of enchancment in FS provide on the official market. The trade price declined by 0.12% to shut at N420.5/$1 in comparison with N420/$1, which it closed on Wednesday. That is in line with info culled from the web site the FMDQ Alternate.

The quantity of FX that was traded within the I&E window elevated by 9.41% to $136.35 million from $124.62 million that exchanged arms within the earlier buying and selling session.

The trade price on the parallel market remained secure on Thursday, having closed at N607/$1, the identical as recorded in the course of the earlier buying and selling session. That is in line with info from BDC operators.

In the meantime, the trade price on the peer-to-peer market appreciated by 0.45% on Friday morning, buying and selling at N607/$1 in comparison with N609.74/$ recorded as of the identical time on Thursday, sixteenth June 2022.

Nigeria’s exterior reserves appreciated marginal by 0.04% on Wednesday, fifteenth June 2022 to face at $38.63 billion from $38.62 billion recorded the day before today. The nation’s exterior had been on a downward pattern as a result of steady intervention by the Central Financial institution within the FX market with the intention to guarantee the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price fell by 0.12% on Thursday, to shut at N420.5/$1 from N420/$1 recorded on Wednesday, fifteenth June 2022.
The opening indicative price closed at N419.82/$1 on Friday, sixteenth June 2022, representing a 20 kobo depreciation in comparison with N419.65/$1 recorded on Tuesday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N420.5 $1, whereas it bought for as little as N413/$1 throughout intra-day buying and selling.
A complete of $136.35 million in FX worth was traded within the official I&E window on Thursday, representing a 9.41% improve in comparison with $124.62 million traded within the earlier buying and selling session.

Naira falls to N420/$1 at I&E window regardless of moderations at parallel market

Tuesday, seventh June 2022: The trade price between the naira and the US greenback closed at N420.75/$1 on the Buyers and Exporters (I&E) window.

Naira recorded a 0.12% depreciation on Tuesday to shut at N420.75/$1 in comparison with N420.25/$1 recorded within the earlier buying and selling session, representing its lowest degree since sixteenth of Might 2022. The autumn within the native forex is regardless of the 129.7% surge in foreign exchange turnover to $113.12 million on the I&E window.

In the meantime, the trade price remained secure on the parallel market, closing at N606 to a greenback on Tuesday, the identical as recorded prior to now two buying and selling periods. That is in line with info from BDC operators in Nigeria.

The trade price on the P2P market moderated additional on Wednesday, beginning the day as little as N601/$1, in comparison with N602.5/$1 recorded as of the identical time on Tuesday. This represents a 0.25% appreciation of the trade price.

In the meantime, Nigeria’s exterior reserves fell by 0.09% on Monday, 4th June 2022 to face at $38.42 billion from $38.46 billion recorded the day before today. The nation’s exterior had been on a downturn since twenty fifth April 2022 largely as a result of steady intervention by the Central Financial institution within the FX market with the intention to guarantee the soundness of the native forex.

Buying and selling on the official NAFEX window

The trade price depreciated by 0.12% on Tuesday to shut at N420.75/$1 from N420.25/$1 recorded on Monday.

The opening indicative price closed at N420.1/$1 on Tuesday, seventh June 2022, the identical as recorded on Monday.
Moreover, an trade price of N444/$1 was the very best price recorded throughout intra-day buying and selling earlier than it settled at N420.75/$1, whereas it bought for as little as N413/$1 throughout intra-day buying and selling.
A complete of $113.12 million in FX worth was traded within the official I&E window on Tuesday, representing a 129.73% improve in comparison with $49.24 million traded within the earlier buying and selling session.

Crypto market replace

Regardless of the restoration posted within the cryptocurrency market yesterday, the market resumed buying and selling actions on Wednesday on a bearish word because the trade capitalization declined by 1.75% to face at $1.22 trillion.
Essentially the most capitalized crypto asset, bitcoin additionally recorded a 2.69% decline to commerce at $30,287.34, whereas Ethereum with a decline of 1.37% traded at $1,787.22 as of 5:20am (WAT).
Equally, Solana recorded a 1.18% decline in worth to commerce at $38.835, Uniswap dipped 1.36% to commerce at $5.146, whereas Luna however, gained 1.03% to commerce at $0.00006466.

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Naira appreciates barely at black Market at N677/$1

Buying and selling on the official NAFEX window

Alternate price between naira and greenback appreciates to N705/$1 on the black market on sixteenth September 2022

Buying and selling on the official NAFEX window

Alternate price between naira and greenback appreciates marginally to N706/$1 on the black market on fifteenth September 2022

Buying and selling on the official NAFEX window

Alternate price between naira and greenback falls to N707/$1 on the black market on 14th September 2022

Buying and selling on the official NAFEX window

Alternate price between naira and greenback trades at N705/$1 on the black market on thirteenth September 2022

Buying and selling on the official NAFEX window

Alternate price between naira and greenback trades at N706/$ on the black market on twelfth September 2022

Buying and selling on the official NAFEX window

Alternate price between naira and greenback trades at N708/$ on the black market on ninth September 2022

Buying and selling on the official NAFEX window

Alternate price between naira and greenback falls to N708/$ on the black market on eighth September 2022

Alternate price between naira and greenback falls to N706/$ on the P2P market on seventh September 2022

Buying and selling on the official NAFEX window

Alternate price between naira and greenback falls to N705/$ at black market on fifth September 2022

Buying and selling on the official NAFEX window

Naira falls to N705/$1 at black market as FX liquidity stays low

Buying and selling on the official NAFEX window

Naira depreciates marginally at official market as exterior reserve stands at $39 billion

Buying and selling on the official NAFEX window

Naira falls to N453/$1 throughout intra-day buying and selling at official market

Buying and selling on the official NAFEX window

Foreign exchange provide falls additional to $54 million as trade price stays secure

Buying and selling on the official NAFEX window

Foreign exchange provide falls to $82.9 million as trade price depreciates to N698/$1 at black market

Buying and selling on the official NAFEX window

Naira depreciates to N696/$1 at P2P foreign exchange market

Buying and selling on the official NAFEX window

Naira falls throughout foreign exchange markets as international reserve positive aspects

Buying and selling on the official NAFEX window

Naira depreciates at P2P market to N691/$1 regardless of 222% surge in foreign exchange provide

Buying and selling on the official NAFEX window

Naira appreciates barely at black market, trades at N677/$1

Buying and selling on the official NAFEX window

Nigeria’s international reserve continues enchancment as Naira dips additional at I&E window

Buying and selling on the official NAFEX window

Official trade price closes at N430/$1 as FX provide surges by 190% to $134.30 million

Buying and selling on the official NAFEX window

Black market price depreciates to N675/$1 as international reserve falls sharply under $39 billion

Naira falls to N431/$1 at I&E window regardless of $115.7 million foreign exchange turnover

Buying and selling on the official NAFEX window

Naira appreciates at I&E window as international reserves information first achieve in two weeks

Buying and selling on the official NAFEX window

Alternate price appreciates to N616/$1 at peer-to-peer FX market

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Official trade price falls to file low at N431/$1

Buying and selling on the official NAFEX window

Official trade price appreciates as foreign exchange provide surges by 146%

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Official trade price (NAFEX) falls to lowest degree year-to-date

Buying and selling on the official NAFEX window

Alternate price appreciates at I&E window as foreign exchange provide rises to 3-week excessive

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Buying and selling on the official NAFEX window

Crypto market replace

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