Currencies
NFEM Turnover Drops 17.7% to $2.25 Billion as CBN Lowers Benchmark Rate to 23%
Turnover on the Nigerian Foreign Exchange Market declined 17.7 per cent week-on-week to $2.25 billion in the week ended 25...
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Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market
The naira gained against the dollar in both official and parallel foreign exchange markets on Monday, opening the week on...
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Naira Weakens to N1,329.15 per Dollar as Demand Rises
The naira slipped to N1,329.15 per dollar in the official foreign exchange market as renewed demand for international payments weighed...
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Naira Firms to About N1,548 per Euro as Foreign Exchange Liquidity Improves
The euro-to-naira exchange rate has remained relatively stable around N1,548 amid the naira’s recent strengthening. The local currency’s appreciation has...
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Naira Weakens at Official Market After Two-Day Advance
The naira recorded its first depreciation of the week in the official foreign exchange market, falling to N1,329.21 per dollar...
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Naira Strengthens to N1,315 per Dollar at Official Market
The naira rose to N1,315 against the US dollar on Thursday in the official foreign exchange market. Data from the...
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NFEM Turnover Climbs 13.8% to $14.45 Billion in August as Naira Closes at N1,335.50
Total turnover in the Nigerian Foreign Exchange Market rose to $14.45 billion in August from $12.69 billion in July, a...
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Dollar Strengthens on Rate-Hike Bets as Yen Slips Past 160
The US dollar advanced on Tuesday as renewed attacks in the Gulf sparked a global bond selloff and revived inflation...
Read moreOfficial FX Turnover Drops 48.7% to $2.71 Billion in One Week
Foreign exchange turnover at Nigeria’s official market fell sharply by 48.7 per cent week-on-week to $2.71 billion in the week...
Read moreNaira Holds Near Flat in Parallel Market as Official FX Turnover Rises to $1.06 Billion
The naira traded at N1,400 to the dollar in the parallel market on Friday, softening by N3 from the N1,397...
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