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FX Market
The official exchange rate weakened to near N1,351 as the Naira continued to face selloffs, driven by rising demand for international payments, settlements of offshore liabilities, and offshore repatriations.
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,…