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FX Market
Daily FX Update: The naira depreciated against the US dollar at the Nigeria Foreign Exchange Market…
The naira halted two days of depreciation on Wednesday, gaining 0.58% to ₦1,378.70/$ at the official window as foreign payment pressures eased from N1386 per dollar.
Naira Depreciates as Interbank Deals Sink on FX Shortage The naira maintained a downtrend against…
Boosted by rising demand, the US dollar rallied against its trading pairs to its highest positions in about a year, supported by geopolitical tensions and shifting rate expectations.
Naira Falls at Informal FX Segment over Dollar Shortage The naira weakened against the US…
Official, Parallel Markets FX Gap Widens as Naira Swings The naira exchange rate gap between…
A significant surge in US dollar demand at the Nigerian foreign exchange market (NFEM) led to a sharp decline in the naira’s value on Monday, according to daily FX data published by the Central Bank.