Browsing: Naira

The naira closed the week negative after a bumpy ride in the foreign exchange markets. The local currency remained under pressures due to an intermittent back

The Nigerian naira retraced steps in the foreign exchange market on Thursday as market awaits next retail Dutch auction of the Central Bank.

FX Rates Unify as Naira Depreciates at Official, Black Markets The Nigerian naira depreciated by 0.77% against the US dollar…

The Nigerian local currency made a slight comeback against the dominant US dollar in the foreign exchange (FX) market on Tuesday, gaining 15 basis points

The naira plummet by about 1.7% at the beginning of the week as demand and supply patterns signal FX liquidity challenge has failed to get better in the local

FBN Holdings Cancels Annual Shareholders Meeting Again FBN Holdings (FBNH) Plc, a group that warehouses First Bank of Nigeria (FBN)…

The Nigerian local currency, the naira, recorded mixed performance in the foreign exchange market amidst falling external reserves and weekly decline in

FG, Shelter Afrique to Deliver 5,000 Housing Units The Federal Government (FG) has entered into partnership with Shelter Afrique Development…

T-Bill Yield Falls Below 23% as Unmet Bids Boost Demand The average yield on Nigerian Treasury bills receded below 23%…

Naira Depreciates as FX Outflows Drag External Reserves The naira registered a steep value decline in the foreign exchange (FX)…