Browsing: Naira

Naira Mixed as Analysts Differ on FX Market Outlook The naira traded on a mixed note against the US dollar…

Naira: Investment Firm Sets N1804/s Exchange Rate for 2025 The naira outlook appears pessimistic, at least, to investment experts at…

The naira strengthened to N1,537 per US dollar in the official window on Tuesday after the Central Bank of Nigeria’s (CBN) forex market intervention sales to authrosied dealer banks.

Naira Mixed as CBN Turns Aggressive with FX Interventions The naira exchange rates mixed across foreign exchange markets ahead of…

Naira Rises as Gross External Reserves Hits 3-Year High The Nigerian naira rose against the U.S dollar in the foreign…

CBN Defends Naira, Sells Dollars to Banks 4 Times The Central Bank of Nigeria (CBN) became aggressive in its forex…

Naira Sinks, CBN Double Down Forex Market Interventions The naira lost against the US dollar in the Nigerian Foreign Exchange…

The naira exchange rate gained across the foreign exchange markets as a surplus FX position keeps demand pressures in check. According to data from the FMDQ platform, the naira spot rate appreciated by 0.18%, closing at N1,541.38 per US dollar in the official market. 

The naira rallied in the foreign exchange (FX) markets except on the BMatch system amidst a plan to dedollarise the Nigerian economy. Spot FX data from the FMDQ platform revealed that the local currency exchange rate appreciated by 0.33%, closing at N1,538.88 per US dollar in the official market. 

The naira traded on mixed note in the foreign exchange markets as data from FMDQ platform showed that US dollar inflows decline by about 15%.