{"id":96325,"date":"2026-02-20T17:26:26","date_gmt":"2026-02-20T17:26:26","guid":{"rendered":"https:\/\/kokocurrent.com\/?p=96325"},"modified":"2026-02-20T17:26:26","modified_gmt":"2026-02-20T17:26:26","slug":"naira-closes-in-the-red-at-%e2%82%a61341-35","status":"publish","type":"post","link":"https:\/\/kokocurrent.com\/?p=96325","title":{"rendered":"Naira Closes in the Red at \u20a61,341.35\/$"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The foreign exchange (FX) market witnessed increased demand during Thursday\u2019s trading session, driven by risk-off sentiment among Foreign Portfolio Investors (FPIs).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The heightened demand tilted the market toward the bid side, exerting upward pressure on rates. As a result, benchmark rates weakened across the board, shedding \u20a63.24 to settle at \u20a61,341.35\/$.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The official window recorded increased dollar demand during the session, largely attributed to risk-off sentiment among FPIs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The stronger demand tilted the market toward the bid side, exerting additional pressure on the naira across official benchmarks.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>NFEM VWAP:<\/strong> Fell by \u20a63.24 to close at \u20a61,341.35\/$.<\/li>\n\n\n\n<li><strong>CBN Closing Rate:<\/strong> Declined by \u20a66.00, ending the day at \u20a61,346.00\/$.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Throughout the session, intraday trades fluctuated between a high of \u20a61,350.00 and a low of \u20a61,332.00.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market analysts suggest that the naira\u2019s near-term direction will continue to be influenced by prevailing supply-and-demand dynamics, as the apex bank maintains efforts to stabilise the foreign exchange market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The foreign exchange (FX) market witnessed increased demand during Thursday\u2019s trading session, driven by risk-off sentiment among Foreign Portfolio Investors (FPIs). The heightened demand tilted the market toward the bid side, exerting upward pressure on rates. As a result, benchmark rates weakened across the board, shedding \u20a63.24 to settle at \u20a61,341.35\/$. The official window recorded<\/p>\n","protected":false},"author":3,"featured_media":96326,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-96325","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts\/96325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96325"}],"version-history":[{"count":1,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts\/96325\/revisions"}],"predecessor-version":[{"id":96327,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/posts\/96325\/revisions\/96327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=\/wp\/v2\/media\/96326"}],"wp:attachment":[{"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kokocurrent.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}