CBN Forex Update

Naira Gains Against Dollar in Official Window as FX Turnover Drops 50%

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The domestic currency market recorded positive adjustments in the mid-week sessions as liquidity injections and moderated corporate demands helped stabilize retail trading. According to fresh data from the Central Bank of Nigeria (CBN), the local currency registered moderate structural improvements across regulatory exchange systems. Naira Gains Against Dollar in Official FX Window The Nigerian naira … Read more

Forex Update Naira Extends Depreciation Streak at Official Market to Three Days, Closes at N1,380.11

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The Nigerian foreign exchange ecosystem recorded additional trading pressure as the local currency extended its downward trajectory at the official window. According to institutional transaction data, the currency’s negative run has now persisted for three consecutive operational sessions, causing market observers to closely monitor immediate demand factors. Three-Day Losing Streak at the Official FX Window … Read more