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FX Market
The naira weakened against the US dollar by N7 in the Nigerian foreign exchange 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.
Naira Rises on External Reserves, FX Intervention Confidence The naira gained about N10 against the…
CBN Defends Naira with $186m, Forward Rates Climb Forward FX contracts appreciated as the market…
Naira Falls at Official, Informal Foreign Exchange Markets The Nigerian naira pulled back against the…
NGNUSD Falls on Weak FX Inflows, Rising Foreign Payments The Nigerian naira (NGN) lost against…
Euro Holds Position Amidst Fed Rate Cut Expectations The euro steadied at $1.16 mark, hovering…
Exchange Rates Weaken over Softening Naira Demand The naira depreciated across the official and unofficial…