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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 softened against the US dollar slightly amidst a sharp decline in FX activities
The naira traded sideways at the Nigerian foreign exchange market (NFEM) on Monday, with data
South African Rand Falls Against USD Amid Mixed Economic Data The South African Rand weakened…
The naira climbed slightly as the Central Bank of Nigeria (CBN) sold US dollars…
The Central Bank of Nigeria (CBN) intervened in the foreign exchange market on Thursday…
South African Rand Steadies After Disappointing GDP Data The South African Rand (ZAR) steadied on…