Tag: Naira
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Naira Gap Between Official and Black Market Rates Expands
Nigeria’s foreign exchange market is once again under pressure as the gap between the official window and the parallel market widens, driven by speculation...
Naira Climbs to N1,577 Per Euro as FX Liquidity Improves
Official market data from the Central Bank of Nigeria show that the naira improved more against the euro, finishing at N1,577.3 per euro on...
Naira Slips to N1,340 at Official Window as Dollar Strengthens Globally
The naira weakened slightly at the official market on Wednesday, closing at N1,340 to the dollar from N1,337 recorded a day earlier, according to...
Naira Firms to N1,354.9 per Dollar as FX Sentiment Improves Ahead of MPC
Having gained against the United States dollar on Monday, its best performance in several months, the naira opened the week on a firmer basis...
Naira Firms at Official Market as FX Stability Improves
Extending a slow recovery propelled by rising confidence in Nigeria's economic forecast, the naira gained value at the official foreign currency market throughout midweek...
