U.S. Dollar held with Nigerian Naira

Naira posts biggest daily gain as NAFEX records $166.66m

The naira, yesterday, posted its biggest daily appreciation of ₦5.45 in the Investors and Exporters (I&E) window, while the volume of dollars traded rose to $166.66 million. Data from Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E window, known as Nigeria Autonomous Foreign Exchange (NAFEX) dropped to ₦355.55 per […]

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Godwin Emefiele

CBN injects fresh $195 million into FX market

The Central Bank of Nigeria (CBN) ended July with another $195 million injection into various segments of the foreign exchange market as part of its strategies to stabilize exchange rate. A breakdown of yesterday’s disbursement shows that $100 million was channeled into wholesale auction at the inter-bank market as the Small and Medium Enterprises (SMEs) […]

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