FX Turnover Plummets by 42.92% on the Inaugural Trading Day of June
In a surprising turn of events, the Nigerian official foreign exchange (FX) market experienced a substantial downturn in turnover, plummeting ...
Tag: Naira
Naira Falls Back to Normal Range Against Dollar, Closes at N1,484.75
In a shift that tempered earlier optimism, the Nigerian naira depreciated against the dollar for the second consecutive day, closing ...
Naira Records Significant Appreciation to N1,173.88/$1 Amidst Surge in FX Turnover
The Nigerian naira witnessed a remarkable surge on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, reaching N1,173.88/$1 on Tuesday. ...
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 ...
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 ...
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