The Nigerian naira took advantage of weak U.S. dollar index readings in the official market and a surprise interest rate hike by the CBN amid ongoing dynamics in Nigeria's fragile FX market.

The Nigerian Autonomous Foreign Exchange Market (NAFEM) witnessed a surge of forex in August, resulting in a massive turnover ...

As NAFEM turnover rises 232% By Elizabeth Adegbesan The Naira yesterday appreciated to N1,675 per dollar in the parallel ...

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By Elizabeth Adegbesan The Naira depreciated to N1,658.48 per dollar in the Nigerian Autonomous Foreign Exchange Market, ...

Amid an increase in foreign reserves and a hike in Nigeria's interest rates, the naira fell against the US dollar, ...

The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to eligible Bureau De Change ...

At the official market on Tuesday, the value of the naira dropped to N1,658 against the United States dollar from the N1,659 it sold on Monday while black market sellers sold at the rate of N1,670.

The CBN has consistently encouraged FX inflows to support naira stability. The success of these efforts is seen in the surge ...

The naira saw significant negative price fluctuations in the foreign exchange (FX) market as demand for import payments ...

The Nigerian naira exchange rate rallied against the US dollar, gaining almost N115 for each greenback traded on the official ...

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