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Nigerian naira has surged to one of its strongest levels in nearly two years, closing at 1,347.78 per $1 in the official market on Monday, according to a macroeconomic update by CardinalStone. The currency has appreciated by 6.9 per cent year-to-date in the official window, reflecting improved liquidity conditions in the foreign exchange market. But, […]
Continue ReadingNigerian Naira rebounded against the United States Dollar on Wednesday both at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market. This came as the Central Bank of Nigeria (CBN) announced the final settlements of all valid foreign exchange backlogs, fulfilling a key pledge […]
Continue ReadingNigerian Naira further depreciated against the US dollar on Monday September 13, closing at N550 to $1 compared to N545 to $1 recorded in the previous trading session in parallel markets. From the data recorded on the FMDQ securities exchange window where forex is officially traded, naira closed at N412.75 per $1 at the official […]
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