Browsing: FX
The naira’s purchasing power dropped sharply at the official window as foreign payments initiated exceeded the US dollar liquidity at the currency market.
Slow but steady, the Nigerian local currency, the naira, continues its downward trajectory for the sixth consecutive day, largely driven by FX liquidity shortfall in the official window.
The Nigerian Naira weakened against the US dollar, depreciating by ₦2.15 to close at ₦1,338.10/US$ compared with ₦1,335.95/US$ previously recorded.
The naira (NGN) exchange rate strengthened to N1,335 per US dollar (USD)at the Nigerian foreign exchange market (NFEM) on Tuesday, reflecting a strong supply versus demand level.
Naira Halts Rally on Foreign Payments, FX Supply Gap The surge in international payment requests at the Nigerian foreign exchange…
The naira rose against the US dollar as the latest update from the Central Bank of Nigeria (CBN) showed that…
Naira Closed at N1,366.20 per Dollar in Nigeria’s FX Market The official exchange rate closed at N1366.20 per dollar at…
British Pound Struggles over Dovish BoE, Political Uncertainty British pound (GBPUSD) edged back toward $1.36 at the end of a…
Naira Falls to N1,390 Per Dollar as FX Payments Increase The naira fell against the US dollar at the official…
The Nigerian naira traded at N1,418 per dollar at the Nigerian Foreign Exchange Market (NAFEM) window on Monday in the absence of foreign payments pressures.