- Money Market Rates Mixed as Banking System Liquidity Dips
- CBN to Open N1trn Worth of Treasury Bills for Subscription
- CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs
- Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows
- South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment
- Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut
- Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order
- Fitch Affirms China at ‘A’ With Stable Outlook
FX Market
The naira opens Monday’s trading session on a weak note following mild depreciation at the Nigerian foreign exchange market
The South African rand slid against major currencies as the World Bank reduced its estimate of the country’s 2026 gross domestic product (GDP) growth.
South African rand (ZAR) is little changed against the US dollar ahead of key economic data scheduled for release on Thursday. The local unit traded rangebound in yesterday’s session and is little changed this morning, First National Bank (FNB) said in a note.
The naira declined following a period of gains in the Nigerian foreign exchange market (NFEM), attributed to a heightened demand for US dollar transactions at the official exchange rate on Thursday.
Naira Weakens Against US Dollar, Spot Rate Settles at N1,366 The naira weakened against the…
Naira Gains Against U.S. Dollar, Spot Rate Prints at N1,358 The naira sustained its rally…
Naira Gains N17.45 as FX Inflow, Foreign Reserves Climb The naira gained N17.45 on each…
Naira Climbs to N1372, Spot Rate Touches N1360 Briefly The Nigerian local currency, the naira,…
Naira Falls to N1,390 Per Dollar as FX Payments Increase The naira fell against the…