Tag: forex
Naira remains under pressure, falls 4.0% w/w to N1,666.72/US$1 at NAFEM...
SAT NOV 02 2024-theGBJournal| The naira depreciated this week by 4.0% w/w to NGN1,666.72/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM) despite the...
Markets Wrap| NGX ASI stays red; TRANSCORP, ACCESSCORP, BUACEMENT shares tick...
...The naira appreciated by 2.5% to N1,630.45/USD in the Nigerian Autonomous Foreign Exchange Market (NAFEM)
...The overnight lending rate contracted by 78bps to 27.0% following...
Naira bounces 5bps w/w at NAFEM as CBN sells US$95 million...
SAT OCT 26 2024-theGBJournal| The naira rose by 5bps w/w to N1,600.00/US$1 by the close of trading on Friday at the Nigerian Autonomous Foreign...
FX reserves grows by US$63.06 million w/w to US$38.67 billion; Naira...
...Total turnover at the NAFEM as of 10 October decreased by 31.9% WTD to USD880.34 million, with trades consummated within the N1,540.00/USD – N1,650.00/USD...
FOREX| CBN makes total FX spot sale of US$543.5 million to...
...US$39 million was sold on September, offered at the rate of N1580.00/US$-1605.00/US$.
...US$17.500 million was the lowest amount sold (September 23,2024), offered at the rate...
Total inflows into NAFEM dips 7.1% m/m to US$2.17 billion in...
SAT OCT 05 2024-theGBJournal| Based on data from FMDQ, total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) declined by 7.1% m/m to...
Analysis| The Central Bank of Nigeria and the Naira/US dollar rate
...Could the Central Bank of Nigeria (CBN) organise a rally in the Naira/US$ exchange rate, using its substantial US dollar reserves, which have been...
Markets Wrap| Treasury bond yield ticks higher on profit-taking, Naira falls...
...Across the benchmark curve, the average yield expanded at the short (+15bps) end due to profit-taking activities on the MAR-2025 (+69bps) bond
...The overnight lending...
Naira strengthens after CBN intervention, FX demand pressure remains as FX...
SAT SEPT 28 2024-theGBJournal|The CBN’s consistent effort to support the naira – intervening with USD89.00 million this week – caused the naira to trend...
Naira ekes out a 0.3% w/w gain at NAFEM as CBN...
...There has been sustained accretion to the FX reserves as the balance reached a 20-month high of USD36.94 billion (as of 13 September), partly...
