in

Naira Maintains Strength Despite CBN’s Inaction

Naira Maintains Strength Despite CBN's Inaction

Naira Maintains Strength Despite CBN’s Inaction

On Thursday, the Nigerian Naira strengthened its position by trading at N461 to the US dollar at the Investors and Exporters window. Comparing the currency to the N461.25 for which it was traded to the dollar on Wednesday, there was an increase of 0.05%.

According to market analysts, the exchange rate improved with rising export inflows while import bills stayed within bounds. The main downside to the upside is continued market supply and demand imbalance…..Continue Reading

Although foreign exchange is scarce, demand for qualifying imports in the US dollar has consistently outpaced foreign exchange inflows from exporters, foreign portfolio investors, and the Central Bank of Nigeria (CBN) through FX auction.

A week ago,

Leave a Reply

Your email address will not be published. Required fields are marked *

2023 UTME: JAMB Trains 2000 Proctors, Review Guidelines For Examination Officials

2023 UTME: JAMB Trains 2000 Proctors, Review Guidelines For Examination Officials

Delta guber poll: Labour Party speaks on purported alliance with PDP, Okowa

Assault on Kaduna Labour Party Guber Candidate’s Caravan Causes Four Injuries