Browsing: FX Market

Naira Rises Against US Dollar as Interbank FX Trades Ease The naira appreciated against the US dollar in the currency…

Nigeria’s foreign exchange market recorded one of its sharpest weekly declines in recent memory

The Nigerian local unit, the naira, lost N9.43 per US dollar at the official window amid sustained FX liquidity shortages and a growing foreign reserves deficit, according to Central Bank data.

Naira Slides on FX Market Liquidity Squeeze, US Dollar Rally Naira fell against the US dollar as rising demand for…

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

The naira regained value at the Nigerian foreign exchange market (NFEM) on Wednesday as improved hard currency liquidity reduced pressures from surging FX demand for international payments and settlements.

The naira declined against the US dollar as significant demand for foreign payments slowed the local currency momentum at the Nigerian foreign exchange market (NFEM). 

The Naira depreciated by N1.38 against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, closing the session at ₦1,422.07/$, according to daily FX update released by the Central Bank.

CBN Supplied 30.5% of US Dollar Inflow in FX Market The Central Bank of Nigeria (CBN) accounted for 30.5% of…

Naira Mixed as Foreign Reserves Climb Near $40bn The Nigerian naira exchange rates diverged across official and parallel markets as…