Browsing: Naira

Naira Plummets as Markets Price in Zero FX Intervention The naira plummeted as conditions in the foreign exchange (FX) market…

Naira Exchange Rates Mixed 31-day After FX Auction The Nigerian naira exchange rates for obtaining one US dollar ended on…

Oando, Eterna Gain Weight as Investors’ Keep Eyes on Oil Stocks Oando, Eterna and other top energy companies’ gained weight…

CBN Auctions US Dollar as Exchange Rate Hits ‘Boiling Point’ The Central Bank of Nigeria (CBN) has launched a new…

The Nigerian naira exchange rate has crossed a new red line in the currency market. The exchange rate was quoted at #1640 against the US dollar at the official

No Respite for Naira as Official, Parallel Market Rates Plunge The bleak outlook for the Nigerian local currency, the naira,…

Investors Ramp Up Treasury Bills as Market Speculates on Rates Cut The average on Nigerian Treasury bills declined in the…

Naira Depreciates ‘Back2Back’ Amidst Nigeria’s $6bn Oil Debt The naira has seen back-to-back depreciation across foreign currency markets due to…

The Nigerian local currency, the naira, appreciated by 80 basis points against the US dollar in the foreign exchange (FX) market on Monday on the back of

On the back of renewed move  to defend the naira, Nigeria’s gross external reserves declined by about $506 million over sustained outflows spanning 16 days in