Browsing: Naira

Nigeria’s 5-year bonds were priced higher by 14 basis points (bps) at the primary market auction (PMA)  conducted by the Debt Management Office (DMO) on Wednesday.

The naira depreciated against the US dollar in the official market due to insufficient FX liquidity to meet foreign currency demand. The local currency has been struggling to keep value amidst increasing demand for a preferred foreign currency, the US dollar.

Naira Plummets, CBN Intervenes in FX Market 3 Times The Nigerian naira lost against the dominant U.S. dollar across foreign…

CBN Sells $28.5m to Banks to Boost FX Liquidity The Central Bank of Nigeria (CBN) made another move to intervene…

The money market saw a sharp increase in interbank rates at the start of the week, reversing a previous trend, as there were no notable inflows to improve the financial system’s liquidity balance.

Naira Slides to N1538/$ Despite Exporters FX Boost The naira slid to N1538 in the Nigerian autonomous foreign exchange (FX)…

Naira Rates Recalibrate as Pressure Hits ‘Dark Economy’ The naira exchange rate in the black market, Nigeria’s untamed dark economy,…

Naira Gains Uninterruptedly, Settles at N1535 in FX Market The naira experienced an uninterrupted gains spanning five days due to…

The Nigerian naira has continued to win this week against the US dollar doninance on an electronic trading platform—Bloomberg BMatch—introduced on Monday.

The naira exchange rates mixed as Nigeria’s $2.2 billion Eurobonds raised boosted market confidence.