Browsing: FX

The naira lost N26 on each US dollar to settle at N1,501.61 in the foreign exchange (FX) market due to demand pressures. The market US dollar liquidity shortfall extended throughout the previous, which triggered Central Bank (CBN) intervention in the official window.

Naira Skids for 5-Day over US Dollar Shortage in FX Market The naira depreciates for five straight trading session in…

CBN Sets New FX Rules for Bureau de Change Operators The Central Bank of Nigeria (CBN) has issued new guidelines…

FX Spread Declines over Naira’s Positive Performance FX market: The spread or gap in exchange rates declined further as the…

Naira Slides, Data Shows FX Inflows Reach $871mn The naira slid against the US dollar in the foreign exchange (FX)…

CBN Extends Deadline for Temporary FX Sales to BDCs Operators The Central Bank of Nigeria (CBN) has extended the Foreign…

With rapid daily gain, the naira extends its rally in the currency market as a flood of US dollar credits boosted liquidity level in the official window on Thursday. According to spot data from the FMDQ platform, the naira appreciated by 1.7% to N1,458.95 per US dollar

Naira Rises Sharply as CBN, FPIs Boost FX Liquidity The naira saw a significant daily surge against the US dollar…

Naira Gains N16 as FX Interventions Crack Foreign Reserves The Nigerian local currency, the naira, gained N16 week on week…

Naira Sees Rapid Gain on 8-Day FX Intervention The naira gained strongly against the US dollar in the foreign exchange…