Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains
Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market ...
Tag: dollar supply
FX turnover rises by 40% this week as CBN boosts dollar supply
The Nigerian official foreign exchange (FX) market witnessed a significant increase in turnover, rising by 40% this week.
Exchange rate gains at official I&E window as dollar supply hits $214 million
At the parallel market, the naira remained stable at N505/$1, the same as recorded since Friday, 9th July 2021.
Exchange rate falls at the NAFEX window as Nigeria’s external reserve dips $1 billion
The naira depreciated against the US dollar on Friday at the official NAFEX window to close at N412 to a ...
Exchange rate gains at NAFEX window as Goldman Sachs predicts oil price at $80
Naira appreciated further on Friday at the NAFEX window to close at N410 to a dollar.
Naira starts week at N411/$1 as oil price finally hits $70
Naira depreciated against the US Dollar on Friday as it closed at N411 to a dollar at the NAFEX window ...
