dollar liquidity
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![Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect](/data/attachments/213/213672-e564755bb46369580ab1e9546e81de77.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [20-02-2025]: Naira Appreciates to N1,514/$1 as CBN’s Forex Policies Take Effect
The naira appreciated to N1,514/$1 in the parallel market, gaining N11 from the previous day. This follows the Central Bank of Nigeria’s (CBN) forex policies, increased dollar liquidity, and non-renewal of banks’ dollar swaps. The official rate remains at N1,510/$1, narrowing the gap between...- Nigeria News
- Article
- 2 min read
- cbn forex policy dollar liquidity naira appreciation naira exchange rate parallel market
- Category: Business
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![Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market](/data/attachments/207/207648-e780f59853b1938ae71a997d15d65bdf.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[26-08-2024]: Naira Drops to 1,596.60/$ as Dollar Supply Tightens in FX Market
The naira closed at N1,596.60 per dollar as dollar liquidity decreased, marking a 1.66% drop from Friday's rate. Daily FX market turnover fell 14.80% to $102.93 million, while the parallel market rate was quoted at N1,610. Analysts suggest sustained high interest rates amid ongoing inflation...- Nigeria News
- Article
- 2 min read
- dollar liquidity exchange rate foreign exchange market
- Category: Business
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