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![Today's Naira Rate [20-12-2024]: Naira Strengthens to N1,540 with Support from Diaspora and CBN Policies](/data/attachments/211/211612-69b6f5ae7bef1c4982940c2a5eefc526.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [20-12-2024]: Naira Strengthens to N1,540 with Support from Diaspora and CBN Policies
The naira has stabilized at N1,540 in the official market, supported by diaspora remittances, Eurobond proceeds, and the Central Bank of Nigeria’s (CBN) EFEMS system. These factors have improved liquidity and market confidence, with external reserves standing at $40.73 billion, enhancing the...- Nigeria News
- Article
- 1 min read
- cbn interventions efems eurobond naira stability nigeria forex market
- Category: Business
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Nigeria Analysts Predict Naira's Strength to Last Into 2025 Following Eurobond Success
The Nigerian naira has appreciated following Eurobond sales and the introduction of the Electronic Foreign Exchange Matching System (EFEMS), reaching N1,608/$1. Analysts predict continued strength into early 2025, bolstered by foreign portfolio investments, high treasury bill yields, and...- Nigeria News
- Article
- 2 min read
- efems eurobond sales foreign portfolio investments naira appreciation nigeria fx market
- Category: Business
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