Tag: FX Market
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Naira Rate Closed at N1599 as CBN Keeps FX Tap Open
Naira Rate Closed at N1599 as CBN Keeps FX Tap OpenThe naira popped higher against the US dollar to close at N1598.54 in the...
Exchange Rates Gap Drops to N70 as CBN Defends Naira
The Nigerian naira exchange rate dropped to N1,500 per U.S. dollar at the official currency market on Thursday, marking the fourth successive price depreciation due to FX liquidity shortfall.
CBN Unveils New FX Code to Reform Market Practices
CBN Unveils New FX Code to Reform Market PracticesThe Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, on Tuesday unveiled a new...
Naira Slides to N1538/$ Despite Exporters FX Boost
Naira Slides to N1538/$ Despite Exporters FX BoostThe naira slid to N1538 in the Nigerian autonomous foreign exchange (FX) market (NAFEM) despite US dollar...
CBN Spends US$543 Million to Defend Naira
The Central Bank of Nigeria (CBN) says it sold US$543.5 million to authorised dealer local deposit money banks
