The naira exchange rate gap between the official and informal segments widened to N28 on Wednesday, as the local currency continues to swing on both sides depending on FX liquidity.
https://dmarketforces.com/official-parallel-markets-fx-gap-widens-as-naira-swings/
The naira advanced against the US dollar (USD) at the official window on Tuesday, according to daily FX data published by the Central Bank, reflecting the absence of pressures in the currency market.
https://dmarketforces.com/naira-advances-against-usd-fx-reserves-drop-again/
The naira pulled back sharply against the US dollar at the Nigerian foreign exchange market (#NFEM) as foreign reserves recorded its fifth outflow for international payments on Monday.
https://dmarketforces.com/naira-drops-sharply-amidst-successive-fx-reserves-outflow/
Naira bulls at the Broadstreet have maintained a positive outlook on the exchange rate amidst geopolitical dislocation that has pushed oil prices above $110 on Monday.
https://dmarketforces.com/naira-bulls-maintain-positive-outlook-on-exchange-rate/
The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (#NFEM). This upward trend reflects a positive
https://dmarketforces.com/naira-rises-to-n1344-per-dollar-in-regulated-fx-market/
The Central Bank of Nigeria (#CBN) mopped up $200 million in naira equivalent at the foreign exchange market as part of an effort to stabilise the local currency
https://dmarketforces.com/cbn-mops-up-naira-with-200-million/
Halting a 2-week downtrend, the naira appreciated at the official market on Tuesday, trading at N1,401.40 per dollar, according to data published by the Central Bank of Nigeria (#CBN).
https://dmarketforces.com/naira-retraces-as-external-reserves-hit-2009-high/
At N1401 per dollar, the naira halted its negative trend in the foreign exchange market after data showed the Central Bank of Nigeria (CBN) pumped dollars to influence the direction of the spot rate at the official window.
https://dmarketforces.com/naira-halts-losses-after-500m-fx-injections/
The naira depreciated slowly and steadily over 13 consecutive trading sessions at the Nigerian Foreign Exchange Market (#NFEM), according to trading data tracked by MarketForces Africa.
https://dmarketforces.com/naira-loses-weight-slowly-steadily-for-13-days/
The Naira depreciates over 12 trading sessions at the Nigerian foreign exchange market (#NFEM) as pressure on offshore payments continues to reduce the official value of the Nigerian local currency.
https://dmarketforces.com/nigerian-naira-dives-for-12-day-over-surging-offshore-payments/
MarketForces Africa
