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FX Market
The naira rose against the US dollar in the Central Bank of Nigeria (CBN) foreign exchange
The naira lost ₦5.60 per US dollar transaction at the Nigerian foreign exchange market to close at ₦1,448.0304 as demand pressures linger.
Euro Drops to $1.1593 Ahead of Economic Data The euro dollar (EURUSD) pair dropped to…
The Nigerian local currency, the naira, depreciated further against the US dollar as a slowdown in FX inflows tightened supply at the official window.
The total US dollar volume that flowed into Nigeria’s foreign exchange (FX) market sank by more than 25% week on week….
Short-Term External Liabilities: Nigeria’s Usable FX Reserves Grow Nigeria’s usable external reserves increased as the…
The Central Bank of Nigeria (CBN) intervened in the forex market as a surge in foreign currency demand put pressures on the local currency….