Naira Strengthens to N1,332.94 as Nigeria’s FX Market Gains Support
Naira Appreciates at Official FX Market The naira recorded a fresh gain at the Nigerian Foreign Exchange Market, NAFEM, closing...
Tag Archives: #ForeignExchange
Nigeria Records $3.8bn Remittance Inflows in Seven Months, Up 50.2%
Nigeria Records $3.8bn in Remittance Inflows Nigeria recorded $3.8 billion in remittance inflows through International Money Transfer Operators, IMTOs, in...
Nigeria’s FX Utilisation Hits Record $34.59 Billion in First Half of 2026
Nigeria’s Foreign Exchange Utilisation Hits Record Level Nigeria's total sectoral foreign exchange utilisation rose to a record $34.59 billion in...
Uganda Proposed “Sovereignty Bill” Could Hit Forex Reserves and Fuel Inflation, Central Bank Warns
A proposed Ugandan law, the Protection of Sovereignty Bill 2026, could significantly reduce foreign exchange inflows and trigger inflationary pressures,...
Kenya’s Central Bank Confident in FX Reserves Amid Shilling Volatility
Kenya has sufficient foreign exchange reserves to manage any volatility in the shilling caused by the Iran conflict, the country’s...
Naira Struggles at Official Window, Depreciates to 1536/$ Amid FX Challenges
The Nigerian naira struggled at the official exchange rate window last week, shedding 1.25 percent week-on-week and closing at 1536.89/$...
Naira Depreciates Slightly Amid CBN Interventions, FX Reserves Continue to Rise
In a week marked by fluctuating market dynamics, the Nigerian naira experienced a modest depreciation of 0.6% against the U.S....
Central Bank of Nigeria Launches Electronic Foreign Exchange Matching System To Enhance Transparency In Forex Market
In an effort aimed at strengthening the integrity of Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has...