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FX Market
The naira appreciated to N1,349 to the US dollar at the Nigerian foreign exchange market (NFEM) as the local currency extended its rally on Monday.
The naira extends its year-to-date rally, supported by sufficient foreign-currency liquidity in the official window, according to trading data from the Central Bank of Nigeria (CBN).
The naira exchange rate to the European single currency, the Euro, extended its year-to-date gain to about 7%,
British Pound Struggles over Dovish BoE, Political Uncertainty British pound (GBPUSD) edged back toward $1.36…
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,…
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