Browsing: FOREX
Naira Falls as FX Interventions Fail to Redirect Spot Rate The naira tumbled against the US dollar across foreign exchange…
Inflows into FX Market Declines by 25% to $1bn Inflows into the Nigerian foreign exchange (FX) market declined by about…
Naira Appreciates as Foreign Currency Demand Pressures Ease The naira reclaimed value in the foreign exchange (FX) market as demand…
Naira Plummets, External Reserves Dip as CBN Auctioned $300m The naira exchange rate plummeted against the US dollar as importers…
Naira Mixed as Market Anticipates FX Boost from Exporters Inflow The naira exchange rates mixed across foreign exchange (FX) markets…
The naira traded on mixed note in the foreign exchange markets as data from FMDQ platform showed that US dollar inflows decline by about 15%.
The naira rate plunged against the dominant U.S. dollar in the official wndow as data showed that FX turnover at the Nigerian autonomous foreign exchange market (NAFEM) fell by 14%.
The naira exchange rates mixed as Nigeria’s $2.2 billion Eurobonds raised boosted market confidence.
Naira Plunges on Suboptimal FX Intervention The naira exchange rate suffered from a lack of FX liquidity at the Nigerian…
The naira reclaimed part of its lost exchange rate value in the official market as volume of US dollar volume transacted declined on the day. Spot data from the FMDQ platform showed the naira appreciated by 0.68%, closing at ₦1,678.93 per US dollar at the official market.