Browsing: FX Market
The naira (NGN) exchange rate strengthened to N1,335 per US dollar (USD)at the Nigerian foreign exchange market (NFEM) on Tuesday, reflecting a strong supply versus demand level.
In the official foreign exchange market, the naira appreciated to N1,347 per dollar on Monday, reflecting the absence of significant pressures from international payments.
British Pound Halts Swings Ahead of UK Data British Pound or Sterling stabilizes at $1.36 on Monday ahead of key…
The euro hovered around $1.1850 on Monday, staying close to a four-year peak above $1.20 reached in late January, supported by signals that the European Central Bank (ECB) is largely comfortable with the currency’s recent strength.
Naira Opens Strong, Markets Anticipate Stability The naira opened strong on Monday after a previous gain as market confidence remains…
The naira declined against the US dollar as significant demand for foreign payments slowed the local currency momentum at the Nigerian foreign exchange market (NFEM).
The Nigerian naira exchange rate per dollar climbed to N1,348 at the official market amidst rising external reserves, and inflows from offshore investors with interest in elevated yields in the fixed income market.,
Naira ‘Swings Right’, Touches Intraday Low of N1,345 The naira swung right against the US dollar, extending its daily rally…
CBN Approves $150k Weekly FX Sales to Licensed BDC The Central Bank of Nigeria (CBN) has approved the participation of…
The naira rose against the US dollar as the latest update from the Central Bank of Nigeria (CBN) showed that…