Naira faces pressure in black Market, Trades at N1,635/$
The dollar index remained near its weekly high, while the Nigerian naira fell below a key support line. The local ...
Tag: Dollar
FX turnover falls by 25% in August as official market struggles for liquidity, stability
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover in August, despite the initial Retail Dutch ...
Naira loses grip as Dollar shows strength
The Nigerian currency began the week on a bearish note as the U.S. dollar index showed strong performance in the ...
U.S Fed just made a big announcement that could affect Naira vs Dollars.
In this episode, I look into the recent announcement by the US Federal Reserve and its potential impact on the ...
Naira shows strength, faces uphill task at N1,500 resistance line
The Naira strengthened against the dollar on Friday, trading at N1,585/$ from N1,590/$ posted on Thursday in the parallel market. ...
Nigeria’s exchange rate appreciates for third consecutive day, closes at N1,596.52/$1 on Wednesday
The naira has appreciated again to close below N1,600/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window.
Naira on a 5th losing streak against the U.S. Dollar; Fed interest rate decision takes spotlight
The Naira posted its worst dip since April despite the weakening U.S. dollar index.
Naira posts mild gains amid a bumpy U.S. dollar
The Nigerian naira showed little strength at the last trading session of the week, appreciating to below N1600 amid a ...
Naira posts best daily gains since March amid increased FX inflows, anticipated interest rate hike
The naira posted impressive gains against the haven currency amid increased inflows from the CBN, recording its best gains since ...
Nigeria’s official exchange rate crashes to N1,561, lowest level since March
The naira has suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,561.98/$1 on ...
