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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 tumbled against the US dollar at the official foreign exchange market
South African Rand Steadies Amid Weaker Q2 GDP Data The South African rand traded sideways…
The naira traded sideways at the Nigerian foreign exchange market (NFEM) on Tuesday
South African Rand Firmer Against Dollar on Strong Gold Prices South African Rand held firm…
The naira traded at N1320.5574 per US dollar in the Nigerian foreign exchange market (NFEM)
The Nigerian local currency unit, the naira, gained value against the US dollar in the official