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 ...
Tag: Naira
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 ...
Five economic benefits of selling Crude oil to Dangote refinery in Naira
The Federal Government of Nigeria has listed some of the benefits of selling Crude oil to Dangote refinery and other ...
Nigeria’s currency in circulation exceeds N4 trillion in June 2024, first time in history
The latest data from the Central Bank of Nigeria (CBN) shows that the currency in circulation (CIC) reached a year-high ...
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 ...
CBN sells $148 million to 29 forex dealers as naira faces demand pressure
According to a statement on Friday, the transactions, conducted on July 22 and 23, 2024, aim to provide much-needed stability ...
