Browsing: Naira

Naira Loses N9 as Nigeria’s FX Utilisation Jumps by 10% The naira lost about N9 on each US dollar paired…

Naira Drops as CBN Slows Down US Dollar ‘Pumping’ The naira depreciated by 0.12% to N1,543.03 per US dollar in…

Naira Skids Across FX Markets as CBN Intervention Slows The naira plunged across foreign exchange markets as Central Bank of…

Naira Underperforms 2024 Bullish Predictions Naira exchange rate projections failed in 2024 on accounts of various market disruptions and the…

Naira Plummets as FX Demand, Supply Remains Imbalance The naira plummeted in the foreign exchange market on Wednesday as demand…

Interbank Rates Increase despite OMO Repayment, CRR Refund Interbank rates increased sharply due to funding pressures despite inflows from cash…

The naira plunged against the US dollar by three basis points, or 2 bps, closing at N1,537.03 in the official market. The exchange rate came under pressure this week as aggressive FX intervention by the Central Bank of Nigeria (CBN) eased.

The Nigerian naira fell against the US dollar in the foreign exchange (FX) market as demand pressure began to take shape. Spot FX data from the FMDQ platform

Naira Gains, Exchange Rates Gap Increases to N106 The naira exchange rate gained against the US dollar to settle at…

CBN Defends Nigerian Naira With $37m Sold to Banks The Central Bank of Nigeria (CBN) spent additional $37 million in…