Browsing: Naira

Equities investors saw more than N305 billion gain as Ticker: ACADEMY, CADBURY, and ETERNA among othes rallied on Friday due to improved investors’ appetite. The Nigerian Exchange (NGX) closed the week on a positive note, as key performance indicators climbed by 0.48% on Friday.

FG Approves Concession of Taraba Agro-Allied Airport The Federal Executive Council (FEC) has approved the concession of the Kashimbila Integrated…

Yield Shrinks as Investors Go After New Treasury Bills The average yield on Nigerian Treasury bills shrank by 57 basis…

The Nigerian naira exchange rate dropped to N1,500 per U.S. dollar at the official currency market on Thursday, marking the fourth successive price depreciation due to FX liquidity shortfall.

FX Spread Declines over Naira’s Positive Performance FX market: The spread or gap in exchange rates declined further as the…

Naira Slides, Data Shows FX Inflows Reach $871mn The naira slid against the US dollar in the foreign exchange (FX)…

Naira Lost N20.82 after Two Months Gaining Streaks The naira declined against the US dollar by N20.82 after two months…

Naira Gains 4.3% on Tripartite FX Inflows Sources The Nigerian naira experienced a rapid yet strong rally in the currency…

Exchange Rate: FX Traders Price US Dollar at 1485 Naira The naira was priced at 1485 to the US dollar…

With rapid daily gain, the naira extends its rally in the currency market as a flood of US dollar credits boosted liquidity level in the official window on Thursday. According to spot data from the FMDQ platform, the naira appreciated by 1.7% to N1,458.95 per US dollar