FX markets

Naira opens new year steady across FX markets

The naira began the new year trading at a stable rate across various foreign exchange (FX) markets, maintaining a relatively consistent performance as observed on Thursday. At the official market, also known as the Nigerian Foreign Exchange Market (NFEM) the…

Naira remains stable across FX markets

The exchange rate between the naira and the US dollar closed at N415.75/$1 at the official Investors and Exporters (I&E) window. Naira depreciated against the US dollar on Tuesday with a 0.1% downtrend to close at N415.75/$1 compared to N415.33/$1…