Browsing: FX Market

FX Market: Naira Depreciates Against Dollar at IEW. The local currency, Naira, depreciated against the United States dollar (USD) at Investors and Exporters Window (IEW) this week.

Investors rally ₦136 billion as stock market sustains momentum The Nigerian Stock Exchange sustains yesterday’s positive sentiment as investors rally…

FX Market: Naira depreciates on rising cases of COVID-19. Exchange rates depreciated by ₦30 week on week (w/w) at the parallel market amid rising cases of COVID-19, poor inflow into external reserves.

Banks hack retail customers’ dollar spending limits by half. Deposit money banks in Nigeria have started to low down dollar spending limit on debit cards due to paucity on greenback in the economy.

CBN plays soft on devaluation, says it is adjustment of price. The Central Bank of Nigeria has clarified that it did not devalued the local currency, Naira.

CBN injects $292.34 million into retail Secondary Market. The Central Bank of Nigeria (CBN) has injected the sum of 292.34 million dollars into the retail Secondary Market Intervention Sales (SMIS).

Naira stands as robust liquidity keeps money market rates single. Despite the sloppy external reserve movement, Naira remains stable at the foreign exchange market in the past week.

The Central Bank of Nigeria (www.cbn.gov.ng) has injected 323.5 million dollars into the retail Secondary Market Intervention Sales (SMIS) for its last intervention for November.

Naira stable despite decline in Oil prices, foreign reserves

Naira Remains Stable across Markets as CBN’s halt intervention