Browsing: FX Market
Naira Depreciates as Interbank Deals Sink on FX Shortage The naira maintained a downtrend against the US dollar for the…
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 dollar, trading at N1,420 per…
Official, Parallel Markets FX Gap Widens as Naira Swings The naira exchange rate gap between the official and informal segments…
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.
Naira bulls at the Brroastreet have maintained a positive outlook on the exchange rate amidst geopolitical dislocation that has pushed oil prices above $110 on Monday.
The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a drive toward safer assets.
The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.
Naira Strengthens by N8.46 Against the US Dollar The Naira exchange rate improved versus the dollar at the official FX…
Naira Climbs as International Payments Ease as Imports Slow The naira strengthened across both exchange channels on Monday, appreciating 0.62%…