The Nigerian naira took advantage of weak U.S. dollar index readings in the official market and a surprise interest rate hike by the CBN amid ongoing dynamics in Nigeria's fragile FX market.

As NAFEM turnover rises 232% By Elizabeth Adegbesan The Naira yesterday appreciated to N1,675 per dollar in the parallel ...

The Nigerian currency, the naira has plummeted to an all-time low in the official market and a seven-month low in the ...

Meanwhile, the naira dropped further by N9 or 0.53 per cent to N1667.42 after trading activities at NAFEM on Wednesday. This ...

The Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a surge of forex in August, resulting in a massive turnover ...

At the official market on Tuesday, the value of the naira dropped to N1,658 against the United States dollar from the N1,659 it sold on Monday while black market sellers sold at the rate of N1,670.

The naira saw significant negative price fluctuations in the foreign exchange (FX) market as demand for import payments ...

By Elizabeth Adegbesan The Naira depreciated to N1,658.48 per dollar in the Nigerian Autonomous Foreign Exchange Market, ...

But what stocks gained, naira, the local currency lost sharply, depreciating by 5.8 per cent to N1,658.48/USD at official Nigerian Autonomous Foreign Exchange Market (NAFEM) after the Central Bank ...

Similarly, the Naira depreciated in the Nigerian Autonomous Foreign Exchange Market, NAFEM, falling to N1,541.52 per dollar. According to data from FMDQ, the indicative exchange rate for NAFEM ...

The MPC is, therefore, expected to retain the asymmetric corridor around the MPR at +500 to -100 basis points, Cash Reserve Ratio (CRR) of deposit money banks at 45 per cent and merchant banks at 14 ...

The CBN has consistently encouraged FX inflows to support naira stability. The success of these efforts is seen in the surge ...