Naira Records Modest Gain at Official Market as Reserves Surpass $50 Billion
The Nigerian naira strengthened marginally against the US dollar at the official foreign exchange market on Monday, June 8, 2026, ...
Tag: dollar
Naira Records Modest Decline at Official Market, Remains Stable in Parallel Market
The Nigerian naira weakened slightly against the US dollar in the official foreign exchange market on Thursday, dropping by N1.49 ...
CBN Raises FX Remittance Limit for Nigerian Students Abroad to $25,000 per Semester
The Central Bank of Nigeria (CBN) has significantly increased the amount of foreign exchange Nigerian students can remit for tuition ...
ETF Turnover Drops to N3.67 Billion in May Despite Widespread Price Gains
Exchange Traded Funds (ETFs) on the Nigerian Exchange (NGX) saw a marginal decline in trading activity during May 2026, with ...
FMDQ Turnover Hits $180.85 Billion as Trading Volume Surge
The FMDQ Securities Exchange recorded a remarkable performance as total market turnover reached $180.85 billion, driven by a sharp increase ...
Naira Depreciates 0.7% in Official Market Amid Persistent Forex Pressure
The Nigerian naira came under renewed pressure last week, weakening by 0.7% in the official foreign exchange market to close ...
Naira Strengthens Sharply, Breaches N1,400 Mark as Forex Inflows Surge
The Nigerian naira has delivered one of its strongest performances in recent months, breaking below the key psychological level of ...
Nigeria’s External Reserves Drop by $855 Million in Five Weeks
Nigeria’s foreign exchange reserves have come under fresh pressure, declining by approximately $855 million over a five-week period, according to ...
Nigeria’s FX Market Turnover Hits $10 Billion in April as Naira Strengthens
Nigeria’s foreign exchange market recorded improved liquidity in April 2026, with total turnover reaching $10 billion, according to data from ...
Naira Strengthens Further Against US Dollar, Approaches N1,350 Level
The Nigerian naira continued its recent recovery against the US dollar in the official foreign exchange market on Wednesday, driven ...
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