Browsing: Naira

Naira Sees Large Daily Gain as FX Pressure Eases The Nigerian naira saw a large daily gain in the official…

The Nigerian naira exchange rate improved marginally in the forex market, gaining 0.98% week on week amidst expectation that the Central Bank, CBN, will support liquidity in the currency markets in the new week.

The Nigerian local currency, the naira, registered a marginal gain against the US dollar in the forex market on Friday as FX scarcity pressures eased

The naira lost weight across the foreign currency markets as volume of US dollar demand continued to eclipse market supply in the absence of, or rather too week

The naira exchange rates diverged due to imbalance in the volume of foreign currency demanded and supplied in the forex markets. On one side, the naira recorded gain against the US dollar. At the other end, exchange rate worsened.

The naira climbed further as forex market liquidity stayed ahead of US dollar demand logged by eligible FX users in Nigerian autonomous

The Central Bank of Nigeria (CBN) has increased the benchmark interest rate by 150 basis points to consolidate its

Mr Ogochukwu Nwaghodo, Executive Director, Finance and Risk Management, at United Bank for Africa

The Nigerian Veterinary Medical Association (NVMA) says the country loses N4.5 billion annually as a result of

Members of the Sixth Legislature of the Parliament of Economic Community of West African States