Tag: foreign exchange

The daily average forex turnover on the FMDQ platform surged to $294 million in November, marking the highest figure recorded ...

The Central Bank of Nigeria (CBN) recently released new guidelines allowing commercial, merchant, and non-interest banks more flexibility in managing ...

Central Bank of Nigeria (CBN) Governor Yemi Cardoso has highlighted a notable decline in market volatility, which he attributes to ...

The Nigerian naira exhibited a mixed performance recently, with movements indicating both strength and vulnerability across official and parallel markets. ...

In a bid to stabilize the Nigerian foreign exchange market and meet the rising demand for foreign currencies, the Central ...

Foreign companies in Nigeria have significantly outpaced their local counterparts in corporate tax payments, largely benefiting from the naira's devaluation. ...

In April 2024, Nigeria experienced a notable surge in capital outflows, reaching a total of $1 billion, marking a significant ...

Nigeria's foreign exchange (FX) market experienced a significant boost in trading activity in July 2024, with a turnover of N11.48 ...

The Federal Government of Nigeria (FGN) has officially launched a $500 million domestic dollar bond, opening it for subscription on ...

In a recent Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN) on August 6, 2024, nine companies ...