The Naira on Wednesday exchanged at 419 to the dollar at the Investors and Exporters window, compared to 419. 50 on Tuesday, representing 0.12 per cent...
The Nigerian currency made a slight recovery on Tuesday at the Investors and Exporters window where Naira is officially traded. According to data from the FMDQ...
The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Tuesday, May 31, 2022, secured the conviction and sentencing of one Li Lei...
What could save the Naira now would be top on the list for the Central Bank of Nigeria (CBN) as it fell again to a new...
Nigerian currency continued its depreciation across all forex markets no thanks to a low dollar supply at the official market. According to data obtained from FMDQ...
After appreciating for two days, the Naira on Thursday fell in value against the US dollar by 0. 21 per cent at the Investors and Exporters...
For the first time in three days, the Nigerian currency appreciated to the United States Dollar at the Investors and Exporters (I&E) segment of the foreign...
The poor run of Nigeria’s currency, Naira, continued on Monday as it again lost 0.31 per cent or N1.31 against the United States Dollar at the...
The Nigerian currency made a recovery against the US dollars at the last trading session after recent struggles. Data from FMDQ securities where Naira is officially...
The Naira continued its depreciation against the US dollar at both the official and unofficial markets. Data from the FMDQ securities showed that at the Investors...
The Nigerian currency on Wednesday weakened against the dollar at the official market amid increased demand for dollars by Nigerians. FMDQ securities data showed that Naira’s...
Naira clinched a meager gain against the U.S. dollar at the official market on Tuesday, after starting the week on a woeful note. Data from FMDQ...
Nigerian currency continues its poor performance, this time at the official market as it dropped to a new low of N421.50 to a dollar at the...
Inflation in April 2022 increased to an 8-month high of 16.82 per cent amid rising food prices and weak Naira which has made the cost of...
The poor performance of the Nigerian currency continued at the Black market segment of the foreign exchange (forex) market. On Monday morning, visits to where black...
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Thursday revealed a new campaign plan needed to save the naira from further depreciation and...
As a Nigerian looking to leave the country and unable to access dollars from the official channel you will need N614 to buy one dollar at...
Naira continued its depreciation against the US dollar on Monday as Nigerians were forced to pay for a dollar at N610 in Lagos. This was a...
Black market currency traders continue to profit from forex scarcity in the country as the gap between official and unofficial market exchange rates widen further. On...
Naira has finally hit the N600 to a dollar mark as forex scarcity pushes more businesses to patronize the unregulated market. Traders in some parts of...
The Naira closed stronger on the last trading day of this week by appreciating N2 or 0.48 per cent against the United States Dollar on Friday,...
Nigeria’s currency on Thursday reversed the gains made on resumption from public holiday as the naira/dollar exchange rate closed at N419. This represents a 0.23 percent...
The Nigerian currency, the Naira returned stronger from the holidays as it appreciated against the US dollar on Wednesday at the official market. Data from FMDQ...
The naira on Thursday appreciated on the official market, after two consecutive days of losses to the US dollar. Data from FMDQ securities shows that the...
The value of the Nigerian Naira weakened further on Wednesday, making two straight days of losses and a complete reversal of gains recorded early in the...
Nigeria’s currency, reversed its last two trading gains against the dollar, closing at N418.50/$1 on Tuesday at the official market. Naira had on Friday last week...
Naira clinched another gain against the U.S. dollar at the official market on Monday, extending its appreciation at the official market segment to a second trading...
The Nigerian currency appreciated against the United States currency after the Central Bank of Nigeria (CBN) boldly rejected the call by International Monetary Fund (IMF) and...
Many analysts’ predictions that the value of Naira could drop further in the second quarter is becoming a reality. On Thursday, at the Investors and Exporters...
On Wednesday, the Nigerian currency fell to its lowest level against the US dollar at the FMDQ Security Exchange window where forex is officially traded. Data...
After two sessions of suspended trading over the Easter holidays, the Naira returned stronger as it appreciated against the US dollar. Data from FMDQ securities shows...
Nigeria’s reserves are on the rise again, in a twist from the recent months of massive withdrawals without any dollar added. According to data from the...
The Nigerian currency, Naira fell massively to the US dollar at the black market on Wednesday, amid an increase in hoarding activities from traders. Ripples Nigeria...
Foreign Airlines will from 19 April ask Nigerians looking to travel out of the country to buy their tickets in dollars. The development is coming amid...
Nigerian currency put up a good performance on Tuesday, strengthening against the US dollar, Euro and British Pounds at the Investors and Exporters (I&E) window of...
The foreign exchange (FX) supply on the official market affected the performance of the Naira against the United States dollar at the market on Monday, April...
The foreign exchange market ended the first trading week of April with Nigeria’s currency weaker than it started at the Investors and Exporters (I&E) forex window...
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...
Naira increased slightly in value against the U.S. dollar at the official market in the midweek session after two straight trading days of losses. Ripples Nigeria...
Nigerian currency continued its poor performance against the US dollar as it again dropped in value on Tuesday, April 5, 2022. According to data from the...
Nigerian currency started the new trading week the way it ended the last trading at the official exchange market. FMDQ reports that on Monday at the...
Nigerian currency continues its free-fall to the United States dollars and financial experts have told Nigerians to expect further depreciation as the year progresses. According to...
The Central Bank of Nigeria (CBN) has revealed a 2.39 per cent drop in the country’s foreign reserves in the first three months of 2021. CBN...
Nigerian currency for the first time in three days put up a better performance against the United States Dollar at the Investors and Exporters (I&E) segment...
In what has become a trend, the Nigerian currency, Naira dropped in value again on Tuesday to make it two straight days of poor performance. Data...
Nigerian currency continues its struggle with the US dollar amid increasing demand from importers and travellers. Data from FMDQ securities where Naira is official traded showed...
Nigerian currency made a slight recovery against the American dollar at the official exchange market. Data from FMDQ securities showed that Naira on Friday, 25, March...
The Central Bank of Nigeria (CBN) has been blamed for the declining rate of the naira against the dollar, with the foreign exchange now trading N416.00/$1...
Naira gained slightly against the U.S. dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday. Data from FMDQ securities...
As dollar scarcity hits Nigeria’s forex market, frustrated manufacturers and travellers have been forced to patronise Bureau De Change (BDC) operators more often than before. To...