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 ...
Tag: Naira
Naira shows strength, dollar hits two-year low against British Pound
The Naira strengthened against the US dollar during Friday's trading session.
US Fed has signalled its time to cut interest rates; Here is what it means for Nigeria’s exchange rate
On Friday, August 23rd, the US Federal Reserve Chair, Jay Powell delivered a much awaited speech at the Jackson Hole ...
Naira sends mixed signals as Dollar shows some strength
The naira displayed mixed signals against the dollar in Nigerian FX markets on Thursday.
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 ...
Naira Posts First Loss at Retail Dutch Auction; Traders Await U.S. CPI Data
The local currency marked its first bearish fall on the Nigerian forex market since the Central Bank of Nigeria began ...
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.
Forex turnover drops to lowest since January as naira settles above N1,600/$1
The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61.9 million, ...
Nigeria’s exchange rate records best gain in two weeks, closes at N1,570/$1 on Thursday
The naira surged to N1,570/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, marking an increase of ...
