Browsing: Naira

The Nigerian naira staged a fresh recovery across the foreign exchange markets as the monetary authority launched plans to uncaged the dollarized economy. The apex bank began FX backlog payment to deposit money banks estimated at $7 billion.

The Nigerian naira is clawing back losses from the alternative FX market, according to data obtained from Binance and other P2P platforms. Today, pressures in the open market have also eased.

The benchmark yield on Nigerian Treasury bills was steadied as risk sentiment on the naira asset has shifted amidst uncertainties in economic direction. Still tracking behind the annual inflation rate, the yield has been hovering around 10-11% lately after moderate asset repricing.

Naira Mixed as Banks Receive US Dollars from CBN The naira moved in different directions on Thursday in the foreign…

The Nigerian Exchange (NGX) shed more than N296 billion on Thursday due to a negative shift in market sentiment.

The Nigerian naira regained part of the large daily depreciation sustained early in the week following

There is no plan to restructure, or redenominate the naira, the Central Bank of Nigeria (CBN) said in a

With its largest daily loss, the naira depreciated by 25.81% to N993.82 per US dollar at the Nigerian Autonomous…

Despite hanging obligations, Nigeria’s foreign reserve position is enough to defend the naira …

The Nigerian Exchange (NGX) equities investors gained more than N121 billion …