naira appreciation
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Nigeria Nigeria's Naira Jumps to N1,280/$ at Parallel Market: Traders React
The Nigerian Naira witnessed a remarkable appreciation, reaching N1,280 per dollar at the parallel segment of the foreign exchange market. This surge, marking a 5.19 percent increase from the previous rate of N1,350/$ on March 27, has left currency traders in Lagos, commonly known as bureau de...- Nigeria News
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- 1 min read
- cbn central bank of nigeria currency traders foreign exchange market naira appreciation parallel market
- Category: Business
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Nigeria Naira Strengthens Significantly, Hits N1,382/$ Amid Forex Stability Efforts
The Central Bank of Nigeria's recent interventions have spurred a remarkable recovery for the Naira, with the currency appreciating to N1,382.35/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This surge marks a significant gain from its previous rate of N1,536.83/$, showcasing...- Nigeria News
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- central bank of nigeria foreign exchange settlement forex backlog forex market naira appreciation yemi cardoso
- Category: Business
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Nigeria Naira Strengthens as CBN Resolves $7 Billion Forex Backlog, Marks 4.6% Appreciation
The naira has witnessed a notable appreciation at both the official and parallel markets following the Central Bank of Nigeria's (CBN) successful clearance of all foreign exchange (FX) backlogs. Data from the FMDQ Securities Exchange indicates that the Naira closed trading at ₦1,410/dollar at...- Nigeria News
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- 1 min read
- central bank of nigeria currency market economic development exchange rates forex backlog naira appreciation
- Category: Business
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