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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 Little Change as Oil Prices SteadyThe South African Rand was little changed…
The naira depreciated to N1,332 per US dollar in the Nigerian foreign exchange market (NFEM
South African rand (ZAR) weakened against the US dollar (USD), and other western currencies
The Nigerian local currency unit, the naira, weakened against major currencies in the foreign exchange market …
The Nigerian naira weakened against crosses in the foreign exchange market, down 0..03% against the US dollar
The naira softened against the US dollar on Wednesday as forex market liquidity eased amidst growing demand for non-crude oil imports into the country.