Tag: foreign exchange market
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Naira Under Pressure Despite Record-High FX Turnover And Reserves
The pressure on the foreign exchange (FX) market persisted on Monday, with the naira trading at N1,740 per dollar in the parallel market despite...
Naira Plunges Over N100 in Official Market Amid US Interest Rate Speculation
Even though August's headline inflation rate was lower than usual, the Naira fell more than N100 against the US dollar at the official window.
According...
Naira Gains as the Local Dollar-Bond Record Rises
Thursday saw a notable increase in the value of the naira relative to the US dollar, as a result of the record-breaking domestic bond...
Naira Climbs By 5.06% Due To A Spike In Dollar Supply
On Wednesday, the naira gained 5.06 percent in the official foreign currency (FX) market as dollar supply increased to $221.24 million in a single...
Naira Plunges Past N2,000 Versus the British Pound
The naira broke past the 2,000 level on Thursday, beginning the session at the lower end of its range versus the British pound sterling....
