Browsing: Naira

Naira Rallies Market-Wide on Robust FX Liquidity The naira showed significant resilience and appreciation in the foreign exchange market, rising…

The naira gained momentum against the US dollar in Nigerian foreign exchange markets, signalling a welcome relief as pressures from international settlements and import payments ease.

Naira Falls at Informal FX Segment over Dollar Shortage The naira weakened against the US dollar, trading at N1,420 per…

Official, Parallel Markets FX Gap Widens as Naira Swings The naira exchange rate gap between the official and informal segments…

The naira advanced against the US dollar (USD) at the official window on Tuesday, according to daily FX data published by the Central Bank, reflecting the absence of pressures in the currency market.

A significant surge in US dollar demand at the Nigerian foreign exchange market (NFEM) led to a sharp decline in the naira’s value on Monday, according to daily FX data published by the Central Bank.

The naira pulled back sharply against the US dollar at the Nigerian foreign exchange market (NFEM) as foreign reserves recorded its fifth outflow for international payments on Monday.

Naira bulls at the Brroastreet have maintained a positive outlook on the exchange rate amidst geopolitical dislocation that has pushed oil prices above $110 on Monday.

Naira Drops to N1,353 as Foreign Reserves Decline The Nigerian naira dropped to N1353 per dollar at the official window…

The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.