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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 Trades Sideways as Gold, Oil Rally The South African Rand (ZAR) traded…
MarketForces Africa – The Nigerian naira tumbled against the US dollar, losing about N5….
The naira rose against the US dollar at the official window on Monday after an FX report
The naira closed stronger at N1365 per US dollar at the official currency market, gaining about N3 week on week
South African Rand Trades Sideways as Risk Sentiment Improves The South African rand (ZAR) traded…
The Nigerian naira declined against dominant Western currencies on Thursday amid record demand