Browsing: NGN

The Nigerian naira pulled back against the US dollar (USD), Euro (EUR), British pound (GBP), and Japanese Yen

Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.

Riskoff Provokes Nigerian Eurobond Yield Surge With riskoff sentiment, investors selloffs significantly impacted Nigeria’s sovereign Eurobond market, fuelling bearish sentiment…

Naira Rises as External Reserves Pick Up Again The Nigerian local currency, the naira, experienced a soft rally against the…

Euro, Sterling Rise as US Dollar Embeds Negatives Euro and British Sterling rose as the US dollar continues to lose…

The naira softened at the official market, traded at N1,652.25 per US dollar at the Nigerian autonomous foreign exchange market on Friday. According to information from the FMDQ Exchange’s official trading platform, the Naira fell N2.05.

The naira exchange rate has crossed to the other side, trading at N1675 per US dollar in the official FX market as the liquidity crisis deepened.

The naira soared by more than 7% to N1,539.65 against US dollar in the official foreign exchange (FX) market on the influence of the Central Bank of Nigeria’s (CBN) move to reset exchange rate direction.

Naira Touches Red Line as Exchange Rate Plummets by 7% NAIRA- Nigeria’s local importers and companies with foreign currency liabilities…

US Dollar Falls Ahead of Consumer Price Data The US dollar fell against its major trading partners early Wednesday, except…