Tag: Naira
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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...
Investors Rotate Back to Naira Funds as Dollar Appeal Fades
Naira-denominated mutual funds recorded a sharp rebound over the past year as investors reduced exposure to dollar-based assets, signalling renewed confidence in local currency...
Naira Strengthens to New High as Market Forces Drive FX Gains
The naira strengthened to a fresh high, closing at N1,372.91 to the dollar at the official foreign exchange market on Tuesday, signifying increasing trust...
