Currencies
Nigeria's daily parallel market exchange rate tracker
FX Turnover spikes 140% at NAFEX market as CBN moves to clear backlog of demand
The Naira depreciated marginally against the dollar at the I&E window on Thursday.
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Why currency traders are now buying U.S dollars
Many currency traders believe that the U.S dollar index is showing an oversold signal.
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To test FX market, CBN pumps $50 million
$50 million was sold to foreign investors on the spot and forward market.
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BDC operators reveal the major challenge with resumed sales of forex by CBN
The BDC operators said that the profit margin would not be enough to cover their expenses.
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Exchange rate stabilizes across forex markets as speculative demand for FX drops
The Naira remained stable against the dollar to close at N440/$1 on Wednesday.
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Naira rallies at black market as speculators continue dollar dump
The Naira appreciated against the dollar to close at N440/$1 on Tuesday.
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Naira rises to N440/$1 at black market as speculators scramble to sell their dollars
Forex traders are reportedly turning down offers to buy due to fear that the naira could strengthen again.
Read moreDetailsExchange rate shows record gain at black market as pressure mounts on currency speculators
The Naira appreciated against the dollar to close at N465/$1 on Monday at the black market.
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Exchange rate falls to N465/$1 as panic selling takes over
The exchange rate gained N10 this evening falling from N475 to N465/$1
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U.S dollar set to register its fourth consecutive monthly decline, longest losing streak since 2017
The US dollar is weaker as traders placed a very dovish spin of the Fed shift to inflation targeting.
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