Browsing: USD

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.

African Eurobonds have been heated up with increased demand as some central bankers began to slide rates….

Amidst sustained FX volatility, FSDH analysts have projected that the exchange rate would settle at N1,560 per US dollar

US Dollar Declines Ahead of S&P Global PMI, Other Data The US dollar fell against its major trading partners ahead…

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…

US Dollar Falls Ahead of Fed Chair Jerome Powell’s Speech The US dollar fell against its major trading partners on…

The Nigerian naira reclaimed small of value it has lost in the currency market on Monday. The Nigerian naira closed the trading session on the positive on Monday, appreciated by 0.66% to #1476.12 per unit of US dollar at the autonomous FX market.

Nigeria’s foreign exchange crisis has gotten so bad that even the monetary authority’s currency injections have not been able to reverse the value of the naira. It was a fight to survival in the foreign exchange market where sustained demand for imports forced the Nigerian naira to descend for a kiss with the dragon, which caused the local currency to bleed.