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FX Market
The Nigerian naira closed relatively flat at N1,328 per US dollar in the foreign exchange market
The naira halted its negative trend in the foreign exchange market after data showed the Central Bank of Nigeria (CBN) pumped dollars to influence the direction of the spot rate at the official window.
Nigeria’s gross external reserves surged to approximately $50 billion, marking a significant increase of $4.441 billion from $45.502 billion posted at the end of 2025, according to data from the Central Bank.
The exchange rate gap in Nigeria’s foreign exchange market has collapsed sharply as the spot rate has maintained a downward trend for 14 consecutive trading sessions.
China’s Foreign Reserves Hit 10-Year High at $3.428trn China’s foreign exchange reserves totalled 3.4278 trillion…
The Central Bank of Nigeria (CBN) increased its intervention in the forex market during the week by injecting an $300 million to reduce the naira’s all-week negative fluctuations.
The naira depreciated across the foreign exchange market due to tight liquidity in the official and informal segments of the local currency market.