Browsing: Naira
The Nigerian local currency, the naira, maintained its position in the foreign exchange (FX) market against the dominant US dollar on Friday, with the official rate closing at N1,359.
The naira appreciated against the US dollar on Wednesday, trading at N1371 as the Central Bank’s daily FX publication showed a sharp increase in interbank FX deals.
Naira Depreciates to N1,386 as Interbank Turnover Slides The naira depreciated to N1,386.65 per US dollar at the Nigerian foreign…
The naira dipped against the US dollar at the Nigerian foreign exchange market (NFEM), with the official rate closing at N1,380, data published by the Central Bank revealed.
Naira Depreciates as Interbank Deals Sink on FX Shortage The naira maintained a downtrend against the US dollar for the…
Naira Drops to N1,383, NFEM Interbank Turnover Reduces The naira dropped by 0.22% to ₦1,383.58 per dollar at the Nigeria…
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…