NGX Ends First Week of June with Losses; Select Stocks Gain Over 20%
The Nigerian Exchange (NGX) closed the first week of June on a broadly negative note, with the market experiencing a ...
Tag: Naira
Nigeria’s Fuel Import Bill Soars to N2.6 Trillion in Q1 2024
Nigeria's expenditure on fuel imports surged to N2.6 trillion in the first quarter of 2024, marking a 46% increase from ...
Naira Falls to Three-Week Low at N1,488.60/$1 on Official Market
The Nigerian naira hit its lowest point in three weeks on the official market, closing at N1,488.60/$1 on Wednesday, June ...
Naira Stable as Dollar Sales Surge by 94.46% in FX Market
The Nigerian naira demonstrated stability across various foreign exchange (FX) markets on Tuesday, despite a significant surge in dollar sales ...
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 ...
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 ...
Popular Story
31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
Banking System Liquidity Falls N3.86 Trillion as CBN Open Market Operation Drains Cash
Naira Strengthens to N1,329.80 per Dollar Officially and N1,390 on Parallel Market
Dangote Lowers Petrol Price to N1,325 a Litre Nine Days After N85 Increase
Foreign Exchange Supply Rises 20.5% to $8.94 Billion in 2025, CBN Data Show
