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

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Naira Gains N5 as Foreign Investors Top Up FX Inflows

Naira Gains N5 as Foreign Investors Top Up FX...

Alleged $6bn Mambilla Power Fraud: EFCC Tenders Obasanjo’s Statement

Alleged $6bn Mambilla Power Fraud: EFCC Tenders Obasanjo’s StatementThe...

Nigeria Deepens Climate Finance Commitments with New N50bn Green Bond

Nigeria Deepens Climate Finance Commitments with New N50bn Green...

NGX Lost N121bn as Forbearance Phase Out Provokes Selloffs

NGX Lost N121bn as Forbearance Phase Out Provokes SelloffsThe...

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