FX Liquidity Squeeze Shrinks Naira to N1,670/$1 at Official Market
Adedapo Adesanya By Adedapo Adesanya The Naira suffered a loss against the United States Dollar in the foreign exchange (forex)…
FX liquidity
Improved FX Liquidity Strengthens Naira by 3.6%
By Adedapo Adesanya The Naira strengthened against the United States Dollar by 3.6 per cent or N59.71 at…
Naira Sells N1,659/$1 at Official Market, N1,675/$1 at Black Market
By Adedapo Adesanya The value of the Naira to the Dollar improved in the official and parallel market…
CBN Sells $20,000 to Each Eligible BDC Operator at N1,590/$1
Dipo Olowookere By Dipo Olowookere In a move to defend the value of the Naira against the United States Dollar…
CBN Grants 14 New IMTOs Licences in Push to Boost FX Liquidity
By Adedapo Adesanya The Central Bank of Nigeria (CBN) has granted 14 new International Money Transfer Operators (IMTOs)…
Naira Trades Stronger at N1,453.28/$1 on FX Liquidity Boost
By Adedapo Adesanya The Naira pulled a 2.6 per cent or N39.33 appreciation against the US Dollar in…
Naira Falls to N1,503.38/$1 at NAFEM as Volatility Returns to FX Market
By Adedapo Adesanya The Nigerian Naira closed the midweek session with a loss against the US Dollar in…
JP Morgan Explains Why Nigeria’s FX Liquidity Strains Persist
By Adedapo Adesanya An American investment bank, JP Morgan, has said the major reason why Nigeria’s foreign exchange…
Naira Tumbles Amid FX Liquidity Squeeze, Rising Inflation
By Adedapo Adesanya The Naira depreciated against the US Dollar in the Peer-2-Peer (P2P), parallel market, and the…
Despite CBN RT200 FX Programme, Forex Scarcity Worsens
By Dipo Olowookere Over a year ago, the Central Bank of Nigeria (CBN) announced that it was coming…