Tag: FX Reserves
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...
Naira gains 2.5% w/w after CBN’s USD64.00 million intervention; FX reserves...
SAT OCT 19 2024-theGBJournal| The naira appreciated this week by 2.5% w/w to N1,600.78/USD at the Nigerian Autonomous Foreign Exchange Market (NAFEM) following the...
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...
Nigeria’s Fx reserves depleted by US$301.32 million w/w following CBN’s intervention...
SAT AUG 17 2024-theGBJournal|The naira depreciated by 0.4% w/w to N1,579.89/US$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM) as the total turnover (as...
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...
FX Market| Nigeria’s FX reserves grows for the fourth consecutive week...
SAT JUNE 29 2024-theGBJournal| The value of the Naira to the dollar weakened by 133 bps week-on-week to print at N1,505.30/$ this week at...
Demand pressure pushes Naira down by 0.2% to N1,485.53/US$ as Nigeria’s...
...In the forwards market, the naira rate decreased at the 1-month (-0.4% to N1,506.13/USD), 3-month (-0.1% to N1,550.10/USD), 6-month (-0.2% to N1,620.54/USD) and 1-year...
Naira closes week with less volatility; up 0.1% w/w at NAFEM;...
...In the forwards market, the naira rate was flat at the 1-month (N1,500.00/USD) contract
...Total turnover (as of 13 June) at the market declined by...
Forex market sees limited intervention by CBN as Naira gains 0.1%...
SAT JUNE 08 2024-theGBJournal| The naira appreciated by 0.1% w/w to N1,483.99/US$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM), as the total turnover...
