Browsing: FOREX

The average yield on Nigerian Treasury bills decreased as portfolio investors became more interested in naira assets in spite of negative interest rates and concerns about inflation. There was a surge in demand on the secondary market for bills with a maturity duration of 24 days and 171 days. Demand for long dated bills was relatively quiet.

Naira Sees Large Daily Gain as FX Pressure Eases The Nigerian naira saw a large daily gain in the official…

The Nigerian local currency, the naira, registered a marginal gain against the US dollar in the forex market on Friday as FX scarcity pressures eased

The naira exchange rates diverged due to imbalance in the volume of foreign currency demanded and supplied in the forex markets. On one side, the naira recorded gain against the US dollar. At the other end, exchange rate worsened.

The naira strengthened by 3.3% to close at N1,354.21 per US dollar at Nigeria’s autonomous foreign exchange market

The Nigerian naira moved with confidence as the dominant US dollar across foreign exchange markets as foreign currency

The Nigerian naira recorded market-wide gains resulting in a large drop in FX gap to N12 at the beginning of the week

The US dollar rose against its major trading partners early Wednesday ahead of the release of weekly Redbook same store sales ….

Naira Suffers over US Dollar Scarcity, GBP Crosses N2000 The Nigerian naira suffered further setbacks from regaining its strength as…

The naira exchange rate has breached N1500 and declined to N1503 at the official market today