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• Currency volatility index decelerates to 7.4 per cent• Gross foreign reserves cross $40b first time in nearly three years• CBN continues liquidity hunting, ‘courts’ IMTOs• Monetary, fiscal rigidities pose fresh medium-term risks With summer holidays and foreign school tuition payment pressure now at their tail ends, market analytics have suggested that the bleeding naira […]
1 day ago The Naira on Tuesday appreciated at the official market, trading at N1,630.45 to the dollar. Data from the official trading platform of the FMDQ showed that this represents a 2.40 per cent gain when compared to the previous trading date on Monday, when it exchanged at N1,670.65 to a dollar. READ ALSO:Tinubu […]
The naira lost N106.7 against the dollar in the last 48 hours at the official foreign exchange market. This comes as the naira further weakened against the dollar in the foreign exchange market as FX supply dropped on Wednesday. FMDQ data showed that the naira dropped to N 1659.69 per dollar on Wednesday from N1658.97 […]