Tag: FX Market

SAT, OCT 07 2023-theGBJournal| The value of the Naira to the dollar strengthened by 178 bps week-on-week to print at N741.85/$ this week at...

WED, OCT 04 2023-theGBJournal|The naira depreciated by 1.5% to N756.21/USD at the Investors and Exporters (I&E) window Wednesday at the end of the day's...

SAT, AUGUST 12 2023-theGBJournal |Nigeria’s FX reserves remained under pressure this week, as the gross reserve decreased by USD44.41 million w/w to USD33.88 billion...

THUR, JULY 06 2023-theGBJournal | The naira remains on the back foot against the US dollar as FX demand continues to outstrip supply. The demand...

WED, JUNE 14 2023-theGBJournal |The Central bank of Nigeria (CBN) today announced sweeping operational changes to the foreign exchange market, in what is generally...

MON. 16 JANUARY, 2023-theGBJournal| The second major subsidy regime from which huge revenues can be unlocked in the short term is the foreign exchange...

SAT, 16 JULY, 2022-theGBJournal| Nigeria’s FX reserves sustained its accretion, as it grew by US$75.44 million w/w to US$39.43 billion (14 July 2022). Across...

SAT, 09 JULY, 2022-theGBJournal| This week, Nigeria’s FX reserve recorded another accretion, growing by US$170.75 million w/w to US$39.34 billion (07 July 2022). Across...

TUE, 28 JUNE, 2022-theGBJournal| At the money market, the overnight lending rate was unchanged at 14.0%, in the absence of any significant funding pressure...

MON, 27 JUNE, 2022-theGBJournal| The overnight lending rate was flat at 14.0%, in the absence of any significant funding pressure on the system. The Nigerian...