Foreign Exchange Market Turnover Drops by 27.68% to $9.12 Billion in April – FMDQ Reports
The foreign exchange market in Nigeria experienced a significant decline in turnover during the month of April 2024, according to ...
Tag: Naira
Nigeria’s Foreign Exchange Reforms: Examining Naira Depreciates, External Reserves
Nigeria's ambitious foreign exchange reforms, spearheaded by President Bola Tinubu, have failed to yield the desired outcomes, as evidenced by ...
Naira Appreciates to N1,339.33/$1 on Official Market
The Nigerian Naira witnessed a significant appreciation against the US Dollar on Monday, marking a 10.71% increase and closing at ...
Customs Duties Exchange Rate Maintains at N1,480/$ Despite Naira’s Depreciation
In a recent development, the exchange rate for customs duties collection has held steady at N1,480 to the US dollar, ...
Naira Stabilizes at N1,500/$ Amid EFCC Crackdown on Street Trading
The naira has held steady against the dollar in the parallel market, trading at N1,500/$1 on Friday, an improvement from ...
Naira Appreciates Against Dollar, Hits N1,470/$1 in Parallel Market
In a surprising turn of events, the naira appreciated significantly against the dollar in the parallel market on Friday, May ...
Naira Recovers to 1,459.02/$ After Week-Long Decline
After experiencing a week of depreciation, the Nigerian naira made a significant recovery on Wednesday, trading at N1,459.02 per dollar ...
Naira Continues Decline At N1540/$ Despite Weak U.S. Dollar Index
The Naira has experienced a further decline in the country’s unofficial foreign exchange market, falling to a new low of ...
EFCC Raids Currency Speculators as Naira Falls to 1,520 per Dollar
In a significant crackdown, operatives of the Economic and Financial Crimes Commission (EFCC) conducted extensive raids on Bureau De Change ...
Naira Reaches Six-Week Low, Hits Intra-Day High at N1,515/$1 in Official Market
In a concerning turn of events, the exchange rate between the Nigerian naira and the US dollar surged to an ...
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