Browsing: Exchange Rate

The FX spread, or the exchange rate gap between the naira spot rates in the official and informal segments

The Naira appreciated against the US dollar by about 0.10% to N1369 in the Nigerian foreign exchange market (NFEM) amidst growing external reserves.

The naira gained momentum against the US dollar in Nigerian foreign exchange markets, signalling a welcome relief as pressures from international settlements and import payments ease.

The naira halted its negative trend in the foreign exchange market after data showed the Central Bank of Nigeria (CBN) pumped dollars to influence the direction of the spot rate at the official window.

Naira Extends Gaining Streak, Official Rate Climbs to N1,354 The  Nigerian local currency, the naira, saw a market-wide rally on…

The naira strengthened by about 3.6% against the U.S. dollar at the foreign exchange market in January 2025

Exchange Rates Gap Crashes as NFEM Rate Closed at N1601/$ The naira exchange rate gap collapsed as the local currency…

Naira Lost N20.82 after Two Months Gaining Streaks The naira declined against the US dollar by N20.82 after two months…

Exchange Rate: FX Traders Price US Dollar at 1485 Naira The naira was priced at 1485 to the US dollar…

Naira Plummets as FX Demand, Supply Remains Imbalance The naira plummeted in the foreign exchange market on Wednesday as demand…