forex market update
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Nigeria Nigeria’s Currency Strengthens to N1,540 as FX Market Stabilizes
The Naira appreciated to N1,540 per dollar in the parallel market, up from N1,565 last week, while the official rate also saw slight gains. Experts attribute the rise to CBN’s forex interventions and increased interbank transactions. Analysts suggest continued liquidity injections could further...- Nigeria News
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- cbn forex policy forex market update naira appreciation naira exchange rate nigeria black market dollar rate
- Category: Business
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![Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal](/data/attachments/205/205837-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[05-07-2014]: Nigeria's Naira Appreciates to N1,525/$ in Forex Market Reversal
Discover the latest on Nigeria's forex market as the naira rebounds to N1,525/$ at the parallel market, ending a three-day decline. Get insights into the currency's fluctuations and impacts post-CBN's market unification. The naira halted its three-day decline against the dollar at the parallel...- Nigeria News
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- 1 min read
- fmdq exchange forex market update naira appreciation naira exchange rate parallel market rate
- Category: Business
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![Today's Naira Rate[27-06-2014]: Travel Demand Drives Naira Down to N1,520/$ on Black Market](/data/attachments/205/205523-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate[27-06-2014]: Travel Demand Drives Naira Down to N1,520/$ on Black Market
The Nigerian naira weakened by 1.32% to N1,520/$ on the black market amid heightened travel demand. Meanwhile, at NAFEM, it traded at N1,507.83/$, down 0.47%. The CBN's decision to end the Price Verification System Portal aims to streamline forex operations amid market fluctuations. The...- Nigeria News
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- 1 min read
- 520 to usd black market exchange rate cbn forex policies forex market update nigerian naira
- Category: Business
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