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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.
The naira rose against the US dollar at the Nigerian foreign exchange market (NFEM) on Wednesday as data showed interbank FX trading moderated.
Naira losses against the US dollar deepened at the Nigerian Foreign Exchange Market (NFEM), the official window for the Central Bank’s daily FX rate.
The naira fell N30 or 2.17% to N1,361 per US dollar in the Nigerian Foreign Exchange Market…
The naira exchange rate touched an intraday high of N1,395 per US dollar at the Nigerian Foreign Exchange Market
The Nigerian foreign exchange market (NFEM) closed with a US dollar shortage as the naira exchange rate
The Nigerian naira depreciated against the US dollar at the official window as demand and supply imbalance widened on rising foreign payment.