Topic

Nigerian naira

Nigerian naira quoted at record low on black market

Updated 13 Sep, 2021 06:50pm

The naira traded at 412 per dollar on the official spot market on Monday, in the range of 407 to 412 naira where it has been since June

Published 10 Sep, 2021 07:31pm

Traders says demand from individuals with dollar expenses is rising, fueling the currency weakness on the unofficial market

Updated 06 Sep, 2021 09:04pm

The naira has been hitting new lows on the parallel market since July, following central bank actions to try to draw business into the official exchange channels

Updated 11 Mar, 2021 10:01pm

The Kenyan shilling is expected to edge up against the dollar next week, driven by dollar inflows from offshore investors into local government bonds.
The kwacha will likely continue trading under pressure against the dollar next week due to sustained demand for hard currency and scanty inflows.

Published 24 Feb, 2021 07:27pm

The naira opened for trade at 409.50 on Wednesday, exchange data showed, near its weakest on record of 410.50 per dollar reached two weeks ago.
The naira has been quoted at 480 naira to the dollar on the black market since last month, against the official rate of 381 naira set in July and backed by the central bank.

Published 12 Feb, 2021 06:05pm

The naira, which has been weakening on the over-the-counter spot and derivatives markets, dropped to a low of 403.29 naira on Thursday after reaching record intra-day lows since January.
The central bank did not agree with the need for additional exchange rate adjustment.

Published 11 Feb, 2021 07:57pm

The Nigerian currency has been weakening on the spot market, widely quoted by foreign investors and exporters.

Published 01 Feb, 2021 08:53pm

The futures market for five-year settlement hit a record low of 613.69 naira per dollar while the futures contract with three weeks to maturity eased to 405.13 per dollar.

Updated 04 Jan, 2021 06:56pm

Published 26 Nov, 2020 08:51pm

The central bank in November tightened documentation required for imports into the country, further shifting demand to the black market.

Published 13 Nov, 2020 07:52pm

Traders had expected the currency to trade flat on the black market on the hopes that higher oil prices will boost Nigeria's foreign exchange supplies.
Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections.

1D 5D 3M 6M 1Y

Currency	Rate
USD PKR Interbank Selling / Jul 21	278.12
USD PKR Interbank Buying / Jul 21	277.92
USD to Japanese Yen / Jul 22	163.08
USD to Swiss Franc / Jul 22	0.81
Pound Sterling to USD / Jul 22	1.34
Euro to USD / Jul 22	1.14
SOFR % / Jul 21	3.59

Stock	Price
Sally Textile / Jul 22 Sally Textile Mills Limited(SLYT)	16.13 ▲ 1.47 (10.03%)
Dadabhoy Cement / Jul 22 Dadabhoy Cement Industries Limited(DBCI)	22.64 ▲ 2.06 (10.01%)
F.Credit & Inv / Jul 22 First Credit and Investment Bank Limited(FCIBL)	35.93 ▲ 3.27 (10.01%)
Gammon Pak / Jul 22 Gammon Pakistan Limited(GAMON)	24.18 ▲ 2.2 (10.01%)
Olympia Mills / Jul 22 Olympia Mills Limited(OML)	143.19 ▲ 13.02 (10%)
Ahmad Hassan / Jul 22 Ahmad Hassan Textile Mills Limited(AHTM)	121.25 ▲ 11.02 (10%)
Baba Farid Sugar / Jul 22 Baba Farid Sugar Mills Limited(BAFS)	461.24 ▲ 41.93 (10%)
Fateh Sports / Jul 22 Fateh Sports Wear Limited(FSWL)	142.71 ▲ 12.97 (10%)
The Thal Ind.Corp. / Jul 22 The Thal Industries Corporation Limited(TICL)	1,048.37 ▲ 95.31 (10%)
Premier Sugar / Jul 22 The Premier Sugar Mills(PMRS)	552.50 ▲ 50.23 (10%)

Stock	Price
Dewan Textile / Jul 22 Dewan Textile Mills Limited(DWTM)	8.44 ▼ -0.97 (-10.31%)
Khairpur Sug. / Jul 22 Khairpur Sugar Mills Limited(KPUS)	1,364.30 ▼ -151.59 (-10%)
National Silk / Jul 22 The National Silk & Rayon Mills Limited(NSRM)	296.43 ▼ -32.94 (-10%)
S.G.Power / Jul 22 S.G. Power Limited(SGPL)	71.55 ▼ -7.95 (-10%)
Suhail Jute / Jul 22 Suhail Jute Mills Limited(SUHJ)	243.87 ▼ -27.1 (-10%)
Nets Internat.Comm. / Jul 22 Nets International Communication Limited(GEMNETS)	26.10 ▼ -2.9 (-10%)
Reliance Weaving / Jul 22 Reliance Weaving Mills Limited(REWM)	174.65 ▼ -19.37 (-9.98%)
Shams Textile / Jul 22 Shams Textile Mills Limited(STML)	53.76 ▼ -5.92 (-9.92%)
Crescent Cotton / Jul 22 Crescent Cotton Mills Limited(CCM)	58.47 ▼ -6.39 (-9.85%)
First IBL Mod. / Jul 22 First IBL Modaraba(FIBLM)	13.77 ▼ -1.5 (-9.82%)

Stock	Volume
Trust Sec.& Brok. / Jul 22 Trust Securities & Brokerage Limited(TSBL)	134,167,491 ▲ 0.02
Cnergyico PK / Jul 22 Cnergyico PK Limited(CNERGY)	99,430,517 ▼ -0.08
TPL Properties / Jul 22 TPL Properties Limited(TPLP)	49,825,531 ▲ 0.12
Pak Refinery / Jul 22 Pakistan Refinery Limited(PRL)	33,575,661 ▲ 1.67
B.O.Punjab / Jul 22 The Bank of Punjab(BOP)	22,944,760 ▼ -0.28
Dewan Cement / Jul 22 Dewan Cement Limited(DCL)	20,748,512 ▲ 0.68
WorldCall Telecom / Jul 22 Worldcall Telecom Limited(WTL)	19,674,964 ▼ -0.03
K-Electric Ltd. / Jul 22 K-Electric Limited(KEL)	18,735,568 ▼ -0.18
F. Nat.Equities / Jul 22 First National Equities Limited(FNEL)	15,812,309 ▼ -0.02
Maple Leaf Cement / Jul 22 Maple Leaf Cement Factory Limited(MLCF)	13,943,190 ▼ -2.2