1. Exchange Rate Plunges to N983/$1 Amid Dollar Drought

    Nigeria Exchange Rate Plunges to N983/$1 Amid Dollar Drought

    The exchange rate between the Nigerian naira and the US dollar plummeted to an all-time low of N983/$1 in the black market, according to data from Nairametrics. This represents a 2.93% drop from the previous day's rate of N955/$1 and a significant depreciation from the N950/$1 rate observed just...
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    Business Naira Appreciates to N736 per Dollar in I&E Exchange Window

    The Nigerian naira showed signs of improvement as it appreciated to N736.62 per US dollar at the Investors and Exporters (I&E) window, which serves as the official exchange rate window in the country. This represents a notable 4.53 percent appreciation from the previous rate of N771.59 on the...
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    Business CBN Orders Banks To Publish Names Of Forex Defaulters – The Trent
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    Business Naira crashes to almost N500 to US dollar – P.M. News
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    Business Forex: Speculators to lose N100bn as CBN sustains funding for BDCs – New Telegraph
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    Business CBN allows Naira weaken as official rate hits N419 – P.M. News
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    Business FG Rejects IMF’s Call For Further Devaluation Of Naira – Nairaland
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    Business More confusion trails Nigeria’s FX policy after latest naira U-turn – Businessday NG
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    Business Forex: CBN sells $3.96bn to BDCs in nine months – New Telegraph
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    Business CBN: Naira to fall further in January – TODAY
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    Business CBN: Naira recovery against dollar to begin February 2021 – The Nation News
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    Metro 19-year-old UNILORIN student commits suicide after losing N300m to Forex scam – Laila’s Blog
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    Business CBN’s forex interventions hit $18.35bn in 9m – New Telegraph
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    Business Naira strengthened at black market as external reserve loses $437 million in 2 weeks – Nairametrics
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    Business CBN: Inflation’ll weaken economy – New Telegraph
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    Business Naira falls as FX turnover declines by 62.87% – Businessday NG
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    Business Naira weakens as external reserves decline by $$31.16m – Businessday NG
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    Business Worries over $2b forex demand backlog – The Nation News
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    Business Nigerian president tells central bank to change forex policy – Central Banking
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    Business Forex squeeze hits manufacturing sector – New Telegraph