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FX Market
The naira closed at N1,353.9741 per US dollar in Nigeria’s foreign exchange market on Friday, appreciating from the previous quote of N1,355.8855 as international payment pressures eased.
The naira depreciated strongly against the US dollar in the Nigerian foreign exchange market (NFEM) on Wednesday as pressure on the local currency deepened.
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.
South African rand (ZAR) trades strongly against the US dollar and other Western…
The Nigerian naira strengthened against the US dollar, closing at N1315 for official transactions
The Nigerian naira extended positive value appreciation against western currencies at the foreign exchange
A one-hour yen spikes just exposed how fragile global markets have become, warns the CEO of global financial advisory deVere Group.
With the country’s $53.806 billion in foreign reserves at the end of August …
The Nigerian naira opens the new month strong, driven by robust foreign-currency