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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 slid against the US dollar at the Nigerian foreign exchange market (NFEM) on Tuesday
The South African rand weakened on Tuesday, pressured by a firmer U.S. dollar as markets
The European single currency, the Euro, trades at 1.14 per dollar, its lowest level since June 2025.
The US dollar index (DXY) continued its upward trajectory, reaching 101.3 on Tuesday…
The South African Rand (ZAR) trades sideways against Western currencies- the US dollar, Euro and Sterling on Tuesday ahead of key economic data and a bond auction.
The Naira appreciated against the US dollar by about 0.10% to N1369 in the Nigerian foreign exchange market (NFEM) amidst growing external reserves.