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...
The value of the Naira to the Dollar continued its depreciation at the black market amid dollar scarcity. This development has forced Central Bank of Nigeria...
Naira exchange at the official market remained unchanged at the Investors and Exporters (I&E) segment of the forex market. Data obtained from FMDQ securities showed the...
A new trend is emerging on the black market, with traders looking for dollars expressing readiness to buy dollars for N600 if the prospective consumer has...
Some black-market traders have started hoarding dollars in anticipation of further devaluation of Naira amid rising pressure at the official market over dollar scarcity. On Monday...
The value of Nigerian currency weakened further to the US dollar across all foreign exchange markets as companies, traders and intending travellers scrambled to get their...
Naira made a recovery on Tuesday after starting the week on a low as it appreciated by 0.12 per cent or 50 kobo against the US...
Nigerian currency has kicked off the new week on a negative note as its value depreciated once again. According to the Central Bank of Nigeria (CBN)...
Nigerian currency depreciated further and is now exchanged for United States of American currency at N416.67 at the investors and exporters windows of the foreign exchange...
The Central Bank of Nigeria (CBN) sold dollars at N416.41 amid an improvement in Nigeria’s external reserves. Data posted on its website also showed the rate...
Black market traders are exchanging Nigerian currency at N578 to a dollar as pressure on the foreign exchange market increases. This is according to a market...
Nigerian currency ended the month of February on a low, following a negative trade on Monday at the Investors and Exporters (I&E) segment of the foreign...
The value of Nigerian currency appreciated against the United States of America’s dollar as the Central bank of Nigeria moved to boost forex supply. Data from...
On Thursday, the naira weakend further to the US dollar for the second day in a row, despite the drop in demand at the official market....
There was calm across all foreign exchange market segments on Wednesday as Naira closed the day as it started out. Data from FMDQ securities showed that...
Nigerian currency recorded a more impressive day on Tuesday, as Central Bank of Nigeria (CBN) announced an increase in foreign reserves. Data from FMDQ securities showed...
Nigerian currency for the first time in three trading sessions appreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange...
The Central Bank of Nigeria (CBN) defense of Nigerian currency is making little impact as the value of the Naira continues falling against the US dollar...
There’s no respite yet for the Nigerian currency as it continues its free fall at the official foreign exchange market. Data from FMDQ securities showed that...
On Wednesday, the naira bowed to pressure as foreign currency demand in the official market increased by 37.4 percent. FMDQ reports that at the Investors and...
On Tuesday, the Naira gained 0.16 percent, or 67 kobo, versus the US dollar in the Investors and Exporters (I&E) section of the foreign currency market....
Naira opened the week with a poor performance against the US dollar as it depreciated at both the official and unofficial markets. Data from FMDQ securities...
Naira recorded a meagre appreciation against the U.S. dollar at the official market as concerns on the Central Bank of Nigeria (CBN) stopping the sales of...
Naira fell massively at the black market on Thursday after traders learned that the Central Bank of Nigeria (CBN) was planning to halt dollar sales to...
Nigerian currency bounced back on Wednesday recording a positive day against the US dollar at the foreign exchange (FX) market in Nigeria. Data from FMDQ securities...
Following the call by the International Monetary Fund (IMF) for Nigeria to remove official exchange rates, the value of Naira depreciated at the official and black...
The Naira depreciated further against the dollar on Monday at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market. Data from FMDQ securities...
It was negative trading for the Nigerian naira again at the official markets, as it fell further by 26 kobo, or 0.06 percent to the U.S...
Tough times await Nigerian currency, and its economy as for the first time in three months, Nigeria’s external reserve has fallen below the $40 billion threshold....
Nigerian currency once again suffered another drop in value to foreign currencies at the official market on Wednesday. Data obtained from FMDQ securities showed that the...
Nigerian importers face tough decisions as the Nigerian currency continues its poor performance to the US dollars at official exchange markets. According to data from investors...
After plunging for five consecutive days last week, Naira staged a comeback against the US dollar at the official market on Monday to close the month...
Nigerian currency last week weakened significantly to the US dollar as it suffered five straight days of losses at the Interbank segment of the forex exchange...
Naira performed poorly to the US dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) amid forex demand. FMDQ reports that the...
Despite demand pressure, the Nigerian currency outperformed the US Dollar on Wednesday at the Investors and Exporters (I&E) window of the foreign exchange (FX) market. According...
Despite efforts by the Central Bank of Nigeria (CBN) to increase diaspora remittances, money sent home by Nigerians living abroad fell by 62 percent. Latest data...
After two consecutive days of losses, the Naira recorded a gain against the Dollar at the Investors and Exporters (I&E) segment of the foreign exchange market...
The naira on Monday recorded a poor performance against the U.S. dollar making it a second trading day depreciation. Data posted by the FMDQ securities showed...
The Central Bank of Nigeria (CBN) has been urged to retract some of its tough policy on Naira and give it a chance to fight. The...
Nigerian currency recorded a good performance to the US dollar last week and will be hoping for more of the same. Data from FMDQ securities showed...
On Thursday, the rate of Naira to the dollar remained unchanged at the Investors and Exporters (I&E) segment of the foreign exchange currency (FX) market. FMDQ...
After a two-day stalemate, the Naira rose marginally against the US dollar at the investors and exporters window of the foreign exchange market. Data gathered from...
Nigerian currency opened the week with a mixed performance to US dollar as it depreciated and appreciated at the official and parallel exchange markets. Data from...
Nigerian currency at the official market made a marginal gain to the US dollar amid a reduced demand for foreign exchange. Data from FMDQ showed that...
On Thursday, Naira came under intense pressure at the Investors and Exporter window, the official exchange market, as participants closed $172.99 million worth of transactions. This...
Nigerian currency fell at the Investors and Exporters (I&E) segment of the foreign exchange (forex) on Wednesday despite a significant decrease in dollar demand. Data obtained...
Nigerian currency put up a good performance on Tuesday at both Investors and Exporters window and the parallel market as it appreciated by 25 kobo and...
The Naira put up a poor performance at the Interbank segments of the foreign exchange market on Monday, December 10, 2021, as it depreciated against the...