Nigerian forex news

Here are some recent Nigerian 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 due to increased dollar supply from oil exports and foreign investments. (Source: Vanguard)

2. CBN Introduces New FX Window: The Central Bank of Nigeria (CBN) has introduced a new foreign exchange (FX) window, known as the "Invisible Naira" window, to allow for the sale of foreign exchange to customers who do not have access to the official market. The window is designed to reduce the gap between the official and parallel market rates. (Source: ThisDay)

3. Nigeria's FX Reserves Rise: Nigeria's foreign exchange reserves rose to $43.3 billion in January, from $42.3 billion in December, due to increased oil prices and foreign investments. The reserves cover about 12 months of importation, indicating a stable foreign exchange position. (Source: Punch)

4. Naira Weakens Against Euro: The naira weakened against the euro, closing at N430 to the euro, from N420 previously, due to increased demand for the currency from importers. (Source: BusinessDay)

5. CBN Intervenes in FX Market: The CBN intervened in the foreign exchange market, injecting $100 million into the market to stabilize the naira and maintain liquidity. The intervention was aimed at reducing the gap between the official and parallel market rates. (Source: Leadership)

6. Nigeria's FX Inflows Rise: Nigeria's foreign exchange inflows rose to $1.3 billion in January, from $1.1 billion in December, due to increased oil exports and foreign investments. The inflows helped to boost the country's foreign exchange reserves. (Source: The Nation)

7. Naira Appreciates Against Pound: The naira appreciated against the British pound, closing at N520 to the pound, from N530 previously, due to increased demand for the currency from importers. (Source: Daily Trust)

8. CBN Warns Against FX Speculation: The CBN warned against foreign exchange speculation, urging individuals and businesses to avoid engaging in speculative activities that could destabilize the foreign exchange market. The CBN also warned against hoarding foreign exchange, which could lead to a shortage of the currency. (Source: Premium Times)

9. Nigeria's FX Outlook Remains Positive: Despite challenges in the foreign exchange market, Nigeria's foreign exchange outlook remains positive, driven by increased oil prices and foreign investments. The CBN has also implemented measures to stabilize the market and maintain liquidity. (Source: BusinessDay)

10. Naira Weakens Against Rand: The naira weakened against the South African rand, closing at N40 to the rand, from N38 previously, due to increased demand for the currency from importers. (Source: The Punch)

These are some of the recent Nigerian forex news. Please note that the forex market is constantly evolving, and news can change rapidly. It's essential to stay informed and up-to-date with the latest developments to make informed decisions.