Pound Trades at N1,837 as Strong FX Demand Keeps Pressure on Naira
The British Pound Sterling traded at N1,837/£1 against the naira on Thursday as strong demand for the foreign currency continued ...
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Tag: #ForexMarket
Naira Holds Steady at N1,361/$ as CBN Interventions Support Currency Stability
The Nigerian naira recorded relatively stable trading movements in the first half of the week, settling at around N1,361 to ...
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Naira Holds Steady at ₦1,373/$ as Forex Market Maintains Stability
The naira remained stable against the United States dollar on Wednesday, according to the latest available data from the Central ...
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CBN Denies Aggressive FX Intervention, Retains Interest Rate at 26.5%
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has dismissed claims that the apex bank is aggressively ...
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Forex Volatility Worsens as Black Market Pressure Widens Gap with Official Exchange Rate
Volatility in Nigeria’s foreign exchange market has been linked to fiscal leakages, speculative trading and arbitrage activities, as the gap ...
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CBN Directs Money Transfer Operators to Open Naira Settlement Accounts to Boost Diaspora Remittances
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTOs) to open naira settlement accounts with Authorised ...
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CBN Approves BDC Participation in Nigerian Foreign Exchange Market
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian ...
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Naira Holds Firm Near ₦1,390/$ as January Trading Ends on a Strong Note
The Nigerian Naira maintained its strong performance against the United States Dollar as it entered the final trading session of ...
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Naira Opens 2026 Stronger, Trades at N1,430.84/$ on Improved FX Stability
The naira began the first trading day of the New Year on a positive note, appreciating to N1,430.84 per dollar ...
Read moreNaira Holds Steady Against Dollar at Official and Parallel Markets
The Naira remained stable against the United States Dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel ...
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