FX liquidity

Naira Trades Stronger at N1,453.28/$1 on FX Liquidity Boost

March 22, 2024

By Adedapo Adesanya The Naira pulled a 2.6 per cent or N39.33 appreciation against the US Dollar in the Nigerian Autonomous Foreign Exchange Market

Economy

Naira Falls to N1,503.38/$1 at NAFEM as Volatility Returns to FX Market

February 15, 2024

Adedapo Adesanya

By Adedapo Adesanya The Nigerian Naira closed the midweek session with a loss against the US Dollar in the Nigerian Autonomous Foreign Exchange Market

Economy

JP Morgan Explains Why Nigeria’s FX Liquidity Strains Persist

August 23, 2023

Adedapo Adesanya

By Adedapo Adesanya An American investment bank, JP Morgan, has said the major reason why Nigeria’s foreign exchange market remains illiquid is that despite

Economy

Naira Tumbles Amid FX Liquidity Squeeze, Rising Inflation

May 16, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira depreciated against the US Dollar in the Peer-2-Peer (P2P), parallel market, and the Investors and Exporters (I&E) segments of

Economy

Despite CBN RT200 FX Programme, Forex Scarcity Worsens

April 5, 2023

Dipo Olowookere

By Dipo Olowookere Over a year ago, the Central Bank of Nigeria (CBN) announced that it was coming up with an initiative designed to

Economy

In One Week, Nigeria’s FX Reserves Drop $224m as Naira Gains 0.48% at I&E

May 30, 2022

Dipo Olowookere

By Dipo Olowookere The foreign reserves of Nigeria shrank in one week by $224 million or 0.58 per cent to $38.571 billion from $38.795

Economy

Heritage Bank, LCFE Explore Commodities Market to Boost FX Liquidity

March 22, 2022

Aduragbemi Omiyale

By Aduragbemi Omiyale Recently, the Central Bank of Nigeria (CBN) launched a policy aimed to boost foreign exchange (FX) liquidity in the country with

Economy

Drop in FX Liquidity Crashes Naira to N460/$

June 27, 2020

Adedapo Adesanya

By Adedapo Adesanya The shortage of foreign exchange (forex) to the market in Nigeria has started to take a huge toll on the local

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