N1,533/$: New Naira to Dollar Exchange Rate in Official, Black FX Markets

Forex Traders Attribute Naira Gains to Dollar Surplus, Enhanced Security - Economi Confidential

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply. The post Forex Traders Attribute Naira Gains to Dollar Surplus, Enhanced Security appeared first on Economi Confidential.

N1,533/$: New naira to dollar exchange rate in official, black FX markets

The value of the naira has appreciated again against the US dollar in both the official and black markets, as the IMF provides an update on the Nigerian economy.

Forex Traders Cite Excess Dollar Supply, Security Enforcement As Reasons For Massive Naira Gains  - Thepodiummedia

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply and the activities of the security agencies against forex speculators and hoarders. They listed other factors contributing to the good performance of the local currency, including the effectiveness of the Central Bank of Nigeria (CBN) in implementing its policies, enhanced fiscal buffe…

Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply and the activities of the security agencies against forex speculators and hoarders.  The post Forex traders cite excess dollar supply, security enforcement as reasons for massive naira gains   appeared first on Nairametrics.

Naira Maintains N1,535/$1 in Parallel Market - Tech

The naira maintained stability in the parallel market on Tuesday, as it traded at its last close price of N1,535/$1. Following its last depreciation against the U.S dollar on Monday, the naira maintained ground in the foreign exchange market as it held its prior rate despite demand pressures. However, against the British pound, the naira appreciated to N2,090/£1 from its previous close of N2,095/£1, while it sold for N2,120/£1. Likewise against …

Naira Strengthens Officially as Black Market Dips Against Dollar

The Nigerian naira extended its gains against the US dollar for a second straight day in official trading on Tuesday, offering cautious optimism amid ongoing…