Browsing: FOREX

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.

The naira depreciated sharply at the Nigerian autonomous foreign exchange market (NAFEM) due to a deepening FX liquidity shortage and higher spot rate pricing.

Naira Depreciates Ahead of 2-Week Automated FX Trading Trial The naira depreciated against the US dollar in the official exchange…

U.S Dollar Rises as Jerome Powell Plans No Resignation The US dollar rose against its major trading partners except for…

The naira strengthened against the US dollar in the official foreign exchange (FX) market as the gross balance in Nigeria’s foreign reserves

Naira Touches Red Line as Exchange Rate Plummets by 7% NAIRA- Nigeria’s local importers and companies with foreign currency liabilities…

US Dollar Falls Ahead of Consumer Price Data The US dollar fell against its major trading partners early Wednesday, except…

No Respite for Naira as Official, Parallel Market Rates Plunge The bleak outlook for the Nigerian local currency, the naira,…

US Dollar Falls Ahead of Fed Chair Jerome Powell’s Speech The US dollar fell against its major trading partners on…