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FX Market
The naira exchange rate to the European single currency, the Euro, extended its year-to-date gain to about 7%,
The South African rand traded relatively stable against the US dollar, euro, and British pound as investors continue to assess developments surrounding the reopening of the Strait of Hormuz while digesting softer US inflation data.
The Nigerian naira extended its momentum against the US dollar in the official foreign exchange market, driven by robust FX liquidity and easing demand for international payments.
Naira Sees 1.13% Weekly Gain on FX Liquidity, Interventions The Nigerian local currency, the naira,…
The Naira closed the trading session in the positive territory at the Nigerian Foreign Exchange Market (NFEM), appreciating by 11bps or ₦1.44 against the U.S. Dollar.
The naira traded stable at the Nigerian foreign exchange market (NFEM) on Wednesday, closing the session at N1343 per dollar, according to the Central Bank’s daily FX publication.
The Nigerian local currency, the naira, gained against the US dollar at the official foreign exchange market amid a surge in FX liquidity.
The South African Rand posted fresh gains after a rebound against major currencies, including the US dollar (USD), the Euro (EUR), and the British pound (GBP).
Naira Surges to N1,356 as NFEM Interbank Turnover Climbs The Nigerian local currency, the naira,…