Weekly FX Wrap: Naira Strengthens across official and parallel markets in first week of September
The Naira recorded a stronger performance across both the parallel and official foreign exchange markets in the first week of ...
Tag: Foreign exchange market
Naira breaks below N1,550/$ amid uptick in U.S dollar Â
The Naira settled at N1,550 against the U.S dollar; at the unofficial market from N1,550/$ Settlement price on Sunday while ...
Naira falls against the dollar as forex traders blame diversion, government payoutsÂ
Currency traders have linked the recent depreciation of the naira at the parallel market to the supply challenges in the ...
Naira sinks in black market, U.S dollar posts best month in 2025
The Nigerian currency witnessed a return of high market volatility in the Nigerian unofficial market amid increased demand and a ...
Naira appreciates to N1,597/$1 in official market ahead of crucial MPC meetingÂ
The naira appreciated marginally to N1,597/$1 on Monday at the official foreign exchange market, according to data published by the ...
Naira depreciates slightly to N1,609/$1 at official market amidst sustained FX stabilityÂ
The Nigerian naira depreciated further against the US dollar at the official foreign exchange market, closing at N1,609/$1 on Tuesday, ...
Exchange rate ends week on strong note, closes at N1,589/$1 in official marketÂ
The naira ended the trading week on a strong footing, appreciating to N1,589/$1 at the official Nigerian Foreign Exchange Market ...
CBN approves release of FX Code to promote ethical conduct in Nigeria’s foreign exchange marketÂ
The Central Bank of Nigeria (CBN) has officially approved the release of the Nigerian Foreign Exchange (FX) Code, a move ...
CBN permits BDCs to buy up to $25,000 FX weekly from NFEM
The CBN has granted BDC operators temporary permission to purchase up to $25,000 weekly in foreign exchange (FX) from the ...
Naira holds N1,550/$ support line at Nigeria’s foreign exchange marketÂ
The local currency maintained its ground during the fourth trading session of the week, despite the US dollar index oscillating ...
