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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 Nigerian naira closed firmer against the US dollar (USD) at the foreign exchange market on Tuesday, reflecting improved liquidity conditions in the official window.
South African Rand Weakens as Commodity Prices Swing The South African rand (ZAR) weakened versus…
The Nigerian naira fell against the US dollar as US dollar liquidity declined amidst growing
South African Rand Trades Rangebound Against USD, EUR, GBP The South African rand is trading…
The naira eased to close at N1,329 per US dollar at the Nigerian foreign exchange market (NFEM) on Friday amid a slight liquidity squeeze.
The Nigerian naira closed relatively flat at N1,328 per US dollar in the foreign exchange market