Tag: Naira
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Naira Slides Further as FX Pressure Mounts and Reserves Dip
Nigeria’s currency weakened again in the official market, settling around N1,355 to the dollar as pressure in the foreign exchange space persists.
Latest figures...
Naira Climbs to N1,341.99 Per Dollar, Reaches Best Level Since February
The naira continued its upward movement on Wednesday, closing at N1,341.99 against the U.S. dollar at the official foreign exchange market, its strongest performance...
Naira Rallies as FX Liquidity Improves While Bond Market Slows
The naira posted a solid gain this week, rising 1.58 percent at the official market to close at N1,359.32 against the dollar, as stronger...
Naira Gains Ground at N1,365 as Dollar Slumps on Global Shift
The naira strengthened to N1,365 against the dollar on Thursday, supported by a broad weakening of the greenback in global markets, according to data...
Naira Slides to N1,389 as Reserves Shrink, Renewing FX Market Concerns
Nigeria’s currency came under fresh pressure on Tuesday, weakening to N1,389 against the dollar as external reserves dropped by about $850 million within three...
