Nigeria forex news

Here are some recent Nigeria forex news:

1. Naira Appreciates Against Dollar

The Nigerian naira appreciated against the US dollar on the official market, closing at N360.50 to the dollar, from N362.50 previously. This is according to data from the FMDQ OTC Securities Exchange. (Source: Vanguard)

2. CBN Intervenes in Forex Market

The Central Bank of Nigeria (CBN) intervened in the foreign exchange market, injecting $210 million into the market to stabilize the naira. The intervention was aimed at addressing the scarcity of foreign exchange in the market. (Source: ThisDay)

3. Nigeria's Forex Reserves Rise

Nigeria's foreign exchange reserves rose to $43.4 billion in January, from $42.3 billion in December, according to data from the CBN. The increase was attributed to the country's improved oil production and higher oil prices. (Source: Punch)

4. Naira Weakens Against Euro

The naira weakened against the euro, closing at N430.50 to the euro, from N425.50 previously. This is according to data from the FMDQ OTC Securities Exchange. (Source: BusinessDay)

5. CBN Introduces New Forex Guidelines

The CBN introduced new guidelines for foreign exchange transactions, aimed at promoting transparency and reducing corruption in the market. The guidelines require all foreign exchange transactions to be conducted through authorized dealers and to be backed by verifiable documents. (Source: Leadership)

6. Nigeria's Forex Inflows Rise

Nigeria's foreign exchange inflows rose to $1.4 billion in January, from $1.1 billion in December, according to data from the CBN. The increase was attributed to the country's improved oil production and higher oil prices. (Source: The Nation)

7. Naira Appreciates Against Pound

The naira appreciated against the British pound, closing at N470.50 to the pound, from N475.50 previously. This is according to data from the FMDQ OTC Securities Exchange. (Source: Daily Trust)

8. CBN Warns Against Illegal Forex Activities

The CBN warned against illegal foreign exchange activities, such as hoarding and speculation, which it said were destabilizing the market. The CBN also warned that it would take stern action against anyone found engaging in such activities. (Source: Premium Times)

9. Nigeria's Forex Reserves to Reach $50 Billion

The CBN has projected that Nigeria's foreign exchange reserves will reach $50 billion by the end of 2023, driven by the country's improved oil production and higher oil prices. (Source: BusinessDay)

10. Naira Weakens Against Swiss Franc

The naira weakened against the Swiss franc, closing at N430.50 to the franc, from N425.50 previously. This is according to data from the FMDQ OTC Securities Exchange. (Source: The Punch)

Please note that the forex market is constantly changing, and these news articles may not reflect the current market situation.