Economist and Managing Director of Financial Derivatives Limited, Bismarck Rewane, has projected that the naira would trade within N1,600-N1,650 to a dollar in the near term. Rewane said this during his presentation at the June edition of the Lagos Business School Breakfast session. The analysts who did a mid-term economic review of the current administration…
In a significant development, the naira on Tuesday appreciated to N1,618 per dollar at the parallel market from N1,620 per dollar on Monday. But, the Naira depreciated to N1,604 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN) showed that the indicative exchange rate for the…
The Nigerian naira faced mixed fortunes on Wednesday, April 3, 2025, depreciating at the official market while remaining stable on the parallel window. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency closed at N1,552.53 per US dollar, down from Tuesday’s rate of N1,531.25/US$. However, at the parallel market, the naira held firm…
