Exchange Rate Gap Narrows on Rising FX Inflows_ CBN Policies

CBN: Exchange Rate Gap Narrows on Expanding FX Inflows – Daily Trust

Rising FX inflows have supported exchange rate stability and narrowed the gap between official and parallel market rates. The gap between official and parallel market rates narrowed to N34/$ as average monthly FX inflows hit $5.95 billion. The development is fueled by key policies being implemented by the Central Bank of Nigeria (CBN) to support more foreign capital flows to the economy and support domestic economy. Price and exchange rate stabi…

Exchange rate gap narrows on rising FX inflows_ CBN policies

Rising FX inflows occasioned by the policies of the Central Bank of Nigeria (CBN) have supported exchange rate stability and read more Exchange rate gap narrows on rising FX inflows, CBN policies ...

CBN Increases Dollar Supply as Naira Gains Across Markets

The Nigerian naira is showing signs of renewed strength, closing June on a high note as the Central Bank of Nigeria (CBN) ramps up its intervention in the foreign exchange (FX) market.  After months of volatility and pressure, the naira gained ground both in the official and parallel markets, thanks in part to a fresh … The post CBN Increases Dollar Supply as Naira Gains Across Markets appeared first on Business Elites Africa.

CBN boosts dollar supply, naira strengthens in official and parallel markets

The Nigerian currency, the naira closed June strongly against the dollar, appreciating to N1,529 per dollar in the official spot rate on Monday, June 30, 2025.

Naira Trades N1,529/$1 at Official FX Market, N1,560/$1 at Parallel Market

By Adedapo Adesanya The Naira appreciated against the United States Dollar by N8.88 or 0.58 per cent to N1,529.74/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, June 30 from the N1,538.62/$1 recorded last Friday. Also, the local currency gained against the Pound Sterling in the official FX market yesterday by N17.66 to […]

Naira Weakens against Euro in Official Market - Tech

The naira appreciated in the official market on Monday, closing at N1,530/$1, a slight improvement from last Friday’s close of N1,539/$1. The currency opened the week with an optimistic outlook, showing resilience as it strengthened against the US dollar in the Nigeria Foreign Exchange Market (NFEM). According to NFEM data, the naira traded between N1,528/$1 and N1,533/$1 during Monday’s session. In the parallel market, however, the naira weaken…