Tag: forex
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...
Naira bounces 3.0% as NAFEM turnover drops 15.7% WTD to US$980.92...
...In the forwards market, the naira rate decreased across the 1-month (-0.5% to N1,668.65/USD) and 3-month (-0.2% to N1,738.23/USD) contracts
SAT SEPT 14 2024-theGBJournal| Following...
Naira edges higher by 0.3% w/w after a week of stellar...
SAT SEPT 07 2024-theGBJournal|The naira remained resilient against the greenback, appreciating by 0.3% w/w to N1,593.32/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This...
Naira climbs 62bps against the dollar at NAFEM, FX reserves level...
SAT AUG 24 2024-theGBJournal| The naira achieved its highest single-day appreciation (+3.1%) on 21 August since 22 July, when it gained 6.4%, before closing...
Naira gains +2.7% w/w after CBN’s retail Dutch Auction as FX...
SAT AUG 10 2024-theGBJournal|The Retail Dutch Auction by the apex bank on Tuesday helped ease pressure on the Naira by close of Friday's trading,...
FX Reserves touches USD36.80 billion as Naira wobbles down 0.5% w/w
SAT AUG 03 2024-theGBJournal| The naira fell by 0.5% w/w to N1,617.08/USD at the NAFEM, amid the CBN selling USD42.00 million to Authorized Dealers...
Fx reserves eke weekly gain on receipt of first tranche of...
...The naira wobbled further by 2.1% w/w to NGN1,596.92/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM )
...Total turnover at the NAFEM as of...
FOREX| Naira falls 3.5% w/w to NGN1,563.80/USD as FX demand continues...
...Nigeria’s FX reserves expanded further this week, as the gross reserves grew by USD507.09 million w/w to USD35.28 billion (11 July)
SAT JULY 13 2024-theGBJournal|...
