Naira within N1,650/$ mark in black market
The haven currency posted mild losses in London’s trading session as renewed concerns over the U.S. economy’s growth outlook weakened ...
Tag: FX market
Naira sends mixed signals as Dollar shows some strength
The naira displayed mixed signals against the dollar in Nigerian FX markets on Thursday.
Naira lingers at N1600/$ amid improved fundamentals in Nigerian FX market
The Nigerian currency lingers at N1600/$ in the black market on Wednesday morning, despite improved market fundamentals in the country's ...
Naira struggles at N1,600 baseline despite Dollar Index at lowest point since January
The naira struggled to maintain the N1,600 baseline in the official FX market over the past week, despite the dollar ...
Foreign investors wary of implementing $30 billion investment pledges over FX market instability – PEVCA
The Private Equity and Venture Capital Association of Nigeria (PEVCA) has stated that foreign investors are apprehensive about implementing the ...
Nine firms purchase $25.76 million from CBN’s retail Dutch auction to repay loans
The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction on August 6, 2024, where nine companies purchased a ...
Naira shows strength, faces uphill task at N1,500 resistance line
The Naira strengthened against the dollar on Friday, trading at N1,585/$ from N1,590/$ posted on Thursday in the parallel market. ...
Top 10 Banks that got highest FX from CBN’s latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) recently conducted a Retail Dutch Auction System (rDAS) on August 6, 2024, in an ...
List of banks excluded from CBN’s retail Dutch Auction
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating in a ...
CBN sells $876.26 million at N1,495/$1 to 26 banks in latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495/$1 to 26 qualified banks in its latest Retail ...
