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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.
Supported by strong FX supply, the Naira on Friday sustained its weeklong appreciation….
The naira strengthened at the official window, closing at N1338 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, supported by robust forex liquidity.
The Nigerian naira rallied against the US dollar in the official foreign exchange market…
The South African rand strengthened to R16 per US dollar, trading near its strongest level since the war
Naira Dips as Interbank Turnover Eases, FX Reserves Rise The naira dipped slightly against the…
Naira Closed at N1,346 as Gross External Reserves Rise to $52.657bn Strengthened by N11.11 in…