Browsing: Naira

The naira drifted against the US dollar at the official window on Friday, reflecting a momentary shift in foreign currency liquidity amid a surge in demand.

Naira Gains 4.42% in 4 Months as FX Reforms Hold The naira gains 4.42% in four months as FX reforms…

The Nigerian local currency, the naira, rallied across the currency markets on Thursday, driven by improved FX liquidity. In its daily FX report, the Central Bank reported that the spot FX rate rose by ₦1.49 to N1355.85 against the U.S. Dollar.

The naira rebounded in the Nigerian Foreign Exchange Market (NFEM), appreciating by a significant 67 basis points (bps) against the U.S. Dollar.

The naira dropped against the US dollar at the Nigerian Foreign Exchange market (NFEM) on Tuesday on increased demand for foreign payments.

The naira rallied against the US dollar at the Nigerian foreign exchange market (NFEM) on Monday, reflecting improved liquidity in the official window. The naira climbed to N1365, according to the daily FX published by the Central Bank of Nigeria, from N1374.94 at last week’s close.

The Nigerian naira gained about N11.80 kobo per US dollar (USD) at the official window in April, closing at N1374.9431, according to daily FX publications released by the Apex Bank.

The naira rose against the US dollar at the Nigeria Foreign Exchange Market (NFEM) amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank.

The naira dropped sharply against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday as FX payments surged above liquidity.

The Nigerian naira weakened against the US dollar at the foreign exchange market (FX), extending previous losses due to liquidity shortage at the official currency market on Monday.