On Monday, the naira fell to N1348.63/$ at the Nigerian Autonomous Foreign Exchange Market. The decline shows a 51.21% drop from how the N891.90/$ traded last Friday at the official market. This data ...
The Central Bank of Nigeria (CBN) has announced the disbursement of $500 million to different sectors of the economy to follow up on its recent payment of over $2 billion to clear outstanding debts in...
Recent data has revealed that there has been a significant decline in foreign investors who are interested in Nigerian stocks, which has been in for six consecutive years. The data shows the considera...
On Wednesday, the Central Bank of Nigeria (CBN) announced that it had successfully distributed $2 billion across key sectors, including aviation, manufacturing, and petroleum, to settle the backlog of...
The Nigerian Naira traded 1,000/$ for the second time in 2024 on the official foreign exchange (FX) market.On Tuesday, the Naira fell to 1,089.51/$ from how it traded the previous day, which was 856.5...
On Thursday, the naira fell to N956/$ on the official Investor and Exporter forex window as dollar supply fell by 46.77%.According to the data from the FMDQ, this is a 13.78% decline from the N840.53/...
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On Thursday, the foreign exchange (FX) market opened with the dollar trading at N1,135 at the parallel market. This rate was the same as how the market closed on Wednesday.An operator in the black mar...
The Nigerian Customs Service (NCS) has made some adjustments to its tariffs and duties to follow suit with the current foreign exchange rate.The updates made can be seen on the federal government’s ...
On Thursday, naira gained 1.5% at the parallel market following some confusion between currency speculators as they wait to see the government plans surrounding its proposed increase in dollar liquidi...
The demand on the foreign exchange (FX) market worsened on Wednesday as the naira fell to N1,140/$ at the parallel market. This shows that the country's currency added N110 in just a few hours. On Mon...