FX Market Turnover Plunges 46.57% to $1.63 Billion in Second Week of July
Nigeria’s foreign exchange market witnessed a sharp decline in activity during the week ended July 10, 2026, with total turnover ...
Tag: FX
FX Market Turnover Surges to $3.05 Billion, Highest in Three Months
Nigeria’s foreign exchange market posted its strongest weekly performance in over three months, with total turnover reaching $3.053 billion in ...
NGX Sheds N11.6 Trillion in June as Bull Run Hits Sharp Correction
The Nigerian stock market has recorded one of its steepest monthly declines in recent years, losing approximately N11.6 trillion in ...
Naira Strengthens to N1,356 per Dollar in Official Market, Best Level Since April
The Nigerian naira appreciated against the US dollar on Monday, closing at N1,356 per dollar at the official foreign exchange ...
Naira Holds Steady at N1,361/$ as Dollar Gains Support from Robust US Jobs Data
The Nigerian naira traded with relative stability in the official foreign exchange market during the first half of the week, ...
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, ...
Trade Sector Attracts $65.79 Million in Foreign Investment in Q1 2026
Nigeria’s trade sector recorded a strong performance in the first quarter of 2026, attracting $65.79 million in foreign capital, representing ...
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 ...
Nigeria’s External Reserves Drop $850 Million in Three Weeks as Election Spending Persist
Nigeria’s foreign exchange reserves have declined by approximately $850 million over the past three weeks, falling from $50.03 billion on ...
Nigeria’s FX Reserves Surge to $42.03 Billion, Marking Six-Year High
Nigeria’s foreign exchange reserves have reached a six-year high, climbing to $42.03 billion on September 19, 2025, according to data ...
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