Naira Depreciates to N1,456 as FX Demand Eclipses Supply
Naira Depreciates to N1,456 as FX Demand Eclipses Supply The naira’s official exchange rate fell to N1456 per dollar due to FX shortage in the Nigerian Foreign Exchange Market (NFEM). …
Read moreNaira Priced at N1,454 Per Dollar Payment in FX Market
Naira Priced at N1,454 Per Dollar Payment in FX Market The naira was priced at N1454.51 per U.S. dollar payment transaction at the Nigerian foreign exchange market on Friday after…
Read moreDaily FX Rate with Naira Debit Card Falls to N1460
Daily FX Rate with Naira Debit Card Falls to N1460 Daily FX rate for naira debit card transactions worsened by N2 in 24 hours to N1460 per dollar on Tuesday…
Read moreNaira Trades Soft Post CBN $100 Million FX Intervention
Naira Trades Soft Post CBN $100 Million FX Intervention The naira traded soft at the Nigeria foreign exchange market (NFEM) on Monday following a $100 million FX intervention made by…
Read moreNaira Declines over Squeezed US Dollar Volume in FX Market
Naira Declines over Squeezed US Dollar Volume in FX Market Traded at N1450 per dollar, the naira depreciated against the US dollar on Friday at the official foreign exchange market…
Read moreNaira Rises on FX Supply Boost, Foreign Reserves Hit $44.67bn
Naira Rises on FX Supply Boost, Foreign Reserves Hit $44.67bn The naira rose against the US dollar at the Nigerian foreign exchange market (NFEM) on Tuesday as demand and supply…
Read moreNaira Drops to N1,448 after FX Boosts
Naira Drops to N1,448 after FX Boosts The naira fell against the US dollar at the official window due to FX shortage amidst growing demand for foreign payments. The local…
Read moreU.S Dollar Inflows into Nigerian FX Market Increase by 64%
U.S Dollar Inflows into Nigerian FX Market Increase by 64% U.S dollar inflows through the Nigerian forex market (NFEM) increased by more than 64% as the Apex Bank stepped up…
Read moreNaira Rises on External Reserves, FX Intervention Confidence
Naira Rises on External Reserves, FX Intervention Confidence The naira gained about N10 against the US dollar week-on-week at the official window, buoyed by improved foreign currency supply from Foreign…
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CBN Governor Says Inflation Is Falling, FX Market Stabilising In Nigeria
Nigeria’s economic climate is showing clear signs of recovery, according to the Governor of the Central Bank of Nigeria, Olayemi Cardoso, who says the country has entered a more stable…
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