FMDQ Foreign Exchange Turnover Falls 35.41% to $1.70 Billion as Spot Activity Slows
Total foreign-exchange turnover on the FMDQ market declined 35.41 per cent, or $930.18 million, to $1.70 billion in the week ...
Tag: Naira
Naira Breaks Below N1,500 Against Euro for First Time Since April 2024
The naira strengthened past a key level against the euro, closing at N1,497 per euro according to the latest Central ...
Nigeria Surpasses Financial Inclusion Target, Yet Tens of Millions Remain Financially Fragile
Nigeria’s formal financial inclusion rate climbed to 73 per cent in 2026, exceeding the 70 per cent goal set under ...
NFEM Turnover Drops 17.7% to $2.25 Billion as CBN Lowers Benchmark Rate to 23%
Turnover on the Nigerian Foreign Exchange Market declined 17.7 per cent week-on-week to $2.25 billion in the week ended 25 ...
Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market
The naira gained against the dollar in both official and parallel foreign exchange markets on Monday, opening the week on ...
Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline
Cash held outside Nigeria’s banking system increased to N4.87 trillion in August 2026, reversing three consecutive months of decline, according ...
Naira Weakens to N1,329.15 per Dollar as Demand Rises
The naira slipped to N1,329.15 per dollar in the official foreign exchange market as renewed demand for international payments weighed ...
Naira Firms to About N1,548 per Euro as Foreign Exchange Liquidity Improves
The euro-to-naira exchange rate has remained relatively stable around N1,548 amid the naira’s recent strengthening. The local currency’s appreciation has ...
Naira Weakens at Official Market After Two-Day Advance
The naira recorded its first depreciation of the week in the official foreign exchange market, falling to N1,329.21 per dollar ...
N4.66 Trillion Liquidity Surplus Eases Funding Pressure on Banks
Nigeria’s money market faced less funding pressure last week after excess liquidity in the banking system rose to N4.66 trillion, ...
