Foreign exchange traders in the Investors’ and Exporters’ window of the official market transacted $54.18 million worth of forex on Friday. The authorised dealers and clients...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The value of the naira decreased by 3.85 per cent in the Investors’ and Exporters’ window on Thursday, as the dollar gained against the Nigerian currency....
On Wednesday, the authorised dealers reduced the exchange rate between the naira and the United States Dollar (USD) by N51.42 kobo. The reduction shows the value...
The gap between the official and black markets’ dollar rates widened on Tuesday to N59.92 kobo, as the price in the former dropped, while it rose...
The naira to dollar exchange rate settled at N768/$1 in the Investors’ and Exporters’ window on Thursday, as the naira appreciated by 3.21 per cent. Ripples...
The naira devalued by 6.83 per cent in the Investors’ and Exporters’ window on Wednesday, as the price of the United States Dollar (USD) was increased...
The FMDQ Exchange revealed that the United States Dollar (USD) was sold at a reduced rate of N742.93 kobo/$1 at the close of trading in the...
On Thursday, the gap between the black market and official rates of the United States Dollar rose to N51.6 kobo, according to data obtained from aggregators...
The foreign exchange (Forex) traders closed official forex trading on Monday with one dollar selling at N744.07/$1, dropping from N776.90/$1 reported at the end of Friday’s...
The average naira to pound rate in the black market crossed N1000 on Friday, as the British currency was exchanged at N1002.2/£1. Both currencies had traded...
The naira to the dollar exchange rate in the official market has risen by 39.5 percent in the last six months, higher than 3.59 percent recorded...
The official market traders recorded a 0.25 per cent or N2 drop in the price of the United States Dollar (USD) at the close of trading...
In the investors’ and exporters’ window of the official market, foreign exchange traders transacted the dollar at a rate of N765.13/$1 at the close of trading...
The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has called on President Bola Tinubu to consider trade reforms and warned against...
The dollar rate in the investors’ and exporters’ window at the official market was N763.17/$1 at the close of trading on Wednesday. Ripples Nigeria gathered that...
The gap between the official window and the black market was reduced on Wednesday to N96.26, from N288.63 the previous day. Ripples Nigeria gathered that the...
The Central Bank of Nigeria (CBN) has devalued the naira in the official market with authorised dealers expected to sell the dollar at N664.04/$1 after the...
The official foreign exchange rate between the naira and the dollar closed flat again on Friday, as both currencies traded at N464.67/$1, which is the same...
At the end of trading in the official foreign exchange (forex) on Wednesday, the Naira was swapped for the Dollar at N465.13 kobo/$1. Traders saw the...
The Naira recorded a mixed trading against US dollar at the various segments of the foreign exchange (FX) on Thursday. In the official market, the Naira...
For two straight days, the value of the Naira against the American Dollar has strengthened in the Investors and Exporters (I&E), and the parallel market sides...
Fitch Solutions, the research arm of credit rating agency, Fitch ratings, has predicted that Nigeria’s economy will grow by only 2.3 percent this year, down from...
Nigerian Naira appreciated against the US Dollar in three segments of the foreign exchange market on Tuesday, April 25th, following the Eid al-Fitr break. In the...
The Nigerian currency, the Naira, experienced a decline relative to the US Dollar in both the Investors and Exporters (I&E) and the black market segments of...
The Nigerian currency, the Naira, has appreciated again at the official market, continuing a trend of gains in recent days. Data from FMDQ securities where Naira...
The Nigerian Naira experienced a reversal of its gains against both the US dollar in the official and black markets. At the beginning of the week,...
The total currency in circulation in Nigeria has increased to N1.6tn in March 2023, according to the Central Bank of Nigeria (CBN). The amount represents N701.4...
Nigerian currency recorded positive trading against the US dollar as it appreciated at the Investors and Exporters (I&E) and the black-market segment of the foreign exchange...
The Nigerian Naira recorded a mixed trading day on Friday, with gains at the unofficial market and losses at the official market. In the official market,...
The Nigerian Naira suffered a sharp reversal in fortunes on Wednesday, falling at both the official and black-market exchanges after Wednesday’s gain. At the official exchange...
The Nigerian Naira has appreciated against the US dollar at both the official and black market, following the resumption of trading after the Easter holiday. At...
In a much-needed relief,, the Naira appreciated against the US dollar across the foreign exchange (FX) markets ahead of the Easter break. The local currency gained...
KPMG Nigeria has stated that the decline in foreign capital importation into Nigeria could lead to further devaluation of the Naira. The professional firm offering Audit,...
It seems that the Central Bank of Nigeria has decided to slightly adjust the official exchange rate of the naira to the dollar. In the last...
The foreign exchange (forex) market saw different movements in the exchange rate between the Naira and the US Dollar across its various segments on Tuesday. This...
The Nigerian currency experienced a depreciation against the US dollar at the Investors and Exporters (I&E) segment of the official foreign exchange (forex) market on Monday....
The Naira appreciated against the United States Dollar across the main segments of the foreign exchange (forex) market, the Peer-2-Peer (P2P), the Investors and Exporters (I&E),...
The Nigerian naira has continued to depreciate against major currencies, according to recent data from the country’s official and unofficial foreign exchange markets. At the parallel...
The Naira continued its poor performance in the Investors and Exporters (I&E) window of the foreign exchange (FX) market on Tuesday, March 28. Data from FMDQ...
Tope Alabi, an activist lawyer based in Lagos, has approached the Federal High Court in Lagos for permission to bring contempt charges against Godwin Emefiele, the...
On Monday, the Nigerian Naira experienced a decrease in value against the US Dollar in the black market and in the Peer-2-Peer (P2P) and Investors and...
As the Central Bank of Nigeria (CBN) continues release of more naira notes to commercial banks to ease scarcity, there seems to be a ripple effect...
On Wednesday, the Naira experienced a depreciation against the US dollar at the unofficial market but closed stronger at the Investors and Exporters (I&E) window. At...
The Nigerian Naira has recorded slight improvement in its value against the US dollar, after experiencing a decline over the past few days. Checks showed that...
The Naira weakened against the US Dollar across all the segments of the foreign exchange (forex) market on Monday. This includes the parallel market, Peer-to-Peer (P2P),...
The Naira experienced mixed performance in the foreign exchange (FX) market at the close of last week. The currency appreciated by N2 against the US Dollar...
The Naira gained slightly against the U.S. dollar at Thursday’s official and unofficial markets of foreign exchange market. Data posted on the FMDQ Security Exchange, where...
The Naira closed stronger against the United States Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday. Data from...
Nigerian currency, the Naira depreciated against the US Dollar across the foreign exchange markets on Tuesday. Data obtained from FMDQ securies showed that at the official...