Tag: FX Reserves
Naira in best weekly climb driven by increased supply
SAT NOV 01 2025-theGBJournal| The naira finished the week strongly climbing 1.9% w/w to N1,439.00/US$, driven by increased supply.
On the domestic front, rising non-oil...
Naira drops marginally as demand pressures resurface, gross FX reserves swells...
SAT OCT 11 2025-theGBJournal| The naira depreciated marginally this week by 7bps to N1,458.00/USD as demand pressures emerged.
Notably, we saw the Central Bank of...
Naira rises 2.3% w/w to N1,550.00/US$1, supported by higher supply from...
THUR JUNE 05 2025-theGBJournal| The naira rose by 2.3% w/w to N1,550.00/USD by close of official trade on Thursady, supported by increased supply from...
Fresh sell-offs keep up pressure on equities as NGX All-Share Index...
WED APRIL 16 2025-theGBJournal| Fresh turmoil in Nigerian stock market kept the pressure on equities Wednesday as sell pressures in GTCO (-1.5%) and ZENITHBANK...
Naira weakens by 2.0% against the U.S dollar amid investor exit,...
SAT APRIL 12 2025-theGBJournal| The naira fell sharply at close of trading Friday, at both the NFEM (2.0% to N1,617.00/US$) and FMDQ (N1,631.90) windows...
Naira gains vs dollar, FX reserves drop US$135.57 million w/w
SAT APRIL 05 2025-theGBJournal| The Naira rose against the dollar Friday, ending 0.2% to N1,536.00/US$ as FX sales by offshore players driven by an...
Naira ends week 0.1% higher versus dollar as FX reserves...
SAT MARCH 22 2025-theGBJournal| The naira edged up 0.1% to N1,537.65 against the U.S dollar on Friday, as the CBN’s intervention of c. USD230.85...
Naira strengthens, closing week at NGN1,500.15/US$1, as FX reserves level tumbles...
SAT MARCH 01 2025-theGBJournal| The naira remained steady against the US dollar as consistent FX interventions by the Central Bank of Nigeria (CBN) ensured...
CBN’s N113.85 million intervention lifts naira 1.1% to N1,531.20 against the...
SAT JAN 25 2025-theGBJournal| The naira climbed 1.1% to N1,531.20 against the dollar at the Nigerian Foreign Exchange Market (NFEM), following the Central Bank...
Naira finishes week 2.2% up against the dollar; FX reserves swells...
SAT DEC 14 2024-theGBJournal| The naira rose this week by 2.2% w/w to N1,544.35/USD following the Central Bank of Nigeria's (CBN) intervention which saw...
