Many analysts’ predictions that the value of Naira could drop further in the second quarter is becoming a reality. On Thursday, at the Investors and Exporters...
Nigeria’s reserves are on the rise again, in a twist from the recent months of massive withdrawals without any dollar added. According to data from the...
The Nigerian currency, Naira fell massively to the US dollar at the black market on Wednesday, amid an increase in hoarding activities from traders. Ripples Nigeria...
Nigerian currency put up a good performance on Tuesday, strengthening against the US dollar, Euro and British Pounds at the Investors and Exporters (I&E) window of...
The founder of Twitter, Jack Dorsey, has fault the U.S financial system, stating that America’s currency affects countries like Nigeria, where foreign goods and services are...
The foreign exchange (FX) supply on the official market affected the performance of the Naira against the United States dollar at the market on Monday, April...
The foreign exchange market ended the first trading week of April with Nigeria’s currency weaker than it started at the Investors and Exporters (I&E) forex window...
Naira increased slightly in value against the U.S. dollar at the official market in the midweek session after two straight trading days of losses. Ripples Nigeria...
Nigerian currency continued its poor performance against the US dollar as it again dropped in value on Tuesday, April 5, 2022. According to data from the...
Nigerian currency started the new trading week the way it ended the last trading at the official exchange market. FMDQ reports that on Monday at the...
Nigerian currency for the first time in three days put up a better performance against the United States Dollar at the Investors and Exporters (I&E) segment...
In what has become a trend, the Nigerian currency, Naira dropped in value again on Tuesday to make it two straight days of poor performance. Data...
Nigerian currency continues its struggle with the US dollar amid increasing demand from importers and travellers. Data from FMDQ securities where Naira is official traded showed...
Nigerian currency made a slight recovery against the American dollar at the official exchange market. Data from FMDQ securities showed that Naira on Friday, 25, March...
The Central Bank of Nigeria (CBN) has been blamed for the declining rate of the naira against the dollar, with the foreign exchange now trading N416.00/$1...
As dollar scarcity hits Nigeria’s forex market, frustrated manufacturers and travellers have been forced to patronise Bureau De Change (BDC) operators more often than before. To...
The value of the Naira to the Dollar continued its depreciation at the black market amid dollar scarcity. This development has forced Central Bank of Nigeria...
Naira exchange at the official market remained unchanged at the Investors and Exporters (I&E) segment of the forex market. Data obtained from FMDQ securities showed the...
A new trend is emerging on the black market, with traders looking for dollars expressing readiness to buy dollars for N600 if the prospective consumer has...
Some black-market traders have started hoarding dollars in anticipation of further devaluation of Naira amid rising pressure at the official market over dollar scarcity. On Monday...
The value of Nigerian currency weakened further to the US dollar across all foreign exchange markets as companies, traders and intending travellers scrambled to get their...
Zenith Bank has reviewed the usage of its naira card for international transactions, while also cutting down on web transactions account holders are allowed to perform...
Naira made a recovery on Tuesday after starting the week on a low as it appreciated by 0.12 per cent or 50 kobo against the US...
Nigerian currency has kicked off the new week on a negative note as its value depreciated once again. According to the Central Bank of Nigeria (CBN)...
Nigerian currency depreciated further and is now exchanged for United States of American currency at N416.67 at the investors and exporters windows of the foreign exchange...
The Central Bank of Nigeria (CBN) sold dollars at N416.41 amid an improvement in Nigeria’s external reserves. Data posted on its website also showed the rate...
There was calm across all foreign exchange market segments on Wednesday as Naira closed the day as it started out. Data from FMDQ securities showed that...
Nigerian currency for the first time in three trading sessions appreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange...
The Central Bank of Nigeria (CBN) defense of Nigerian currency is making little impact as the value of the Naira continues falling against the US dollar...
There’s no respite yet for the Nigerian currency as it continues its free fall at the official foreign exchange market. Data from FMDQ securities showed that...
On Wednesday, the naira bowed to pressure as foreign currency demand in the official market increased by 37.4 percent. FMDQ reports that at the Investors and...
On Tuesday, the Naira gained 0.16 percent, or 67 kobo, versus the US dollar in the Investors and Exporters (I&E) section of the foreign currency market....
Naira opened the week with a poor performance against the US dollar as it depreciated at both the official and unofficial markets. Data from FMDQ securities...
Naira recorded a meagre appreciation against the U.S. dollar at the official market as concerns on the Central Bank of Nigeria (CBN) stopping the sales of...
Nigeria’s next leader after the administration of President Muhammdu Buhari could meet only $29.1. billion in the external reserves the International Monetary Fund has forecasted. The...
Naira fell massively at the black market on Thursday after traders learned that the Central Bank of Nigeria (CBN) was planning to halt dollar sales to...
Nigerian currency bounced back on Wednesday recording a positive day against the US dollar at the foreign exchange (FX) market in Nigeria. Data from FMDQ securities...
The Naira depreciated further against the dollar on Monday at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market. Data from FMDQ securities...
It was negative trading for the Nigerian naira again at the official markets, as it fell further by 26 kobo, or 0.06 percent to the U.S...
Nigerian currency once again suffered another drop in value to foreign currencies at the official market on Wednesday. Data obtained from FMDQ securities showed that the...
Nigerian importers face tough decisions as the Nigerian currency continues its poor performance to the US dollars at official exchange markets. According to data from investors...
After plunging for five consecutive days last week, Naira staged a comeback against the US dollar at the official market on Monday to close the month...
Nigerian currency last week weakened significantly to the US dollar as it suffered five straight days of losses at the Interbank segment of the forex exchange...
Naira performed poorly to the US dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) amid forex demand. FMDQ reports that the...
Despite demand pressure, the Nigerian currency outperformed the US Dollar on Wednesday at the Investors and Exporters (I&E) window of the foreign exchange (FX) market. According...
After two consecutive days of losses, the Naira recorded a gain against the Dollar at the Investors and Exporters (I&E) segment of the foreign exchange market...
The naira on Monday recorded a poor performance against the U.S. dollar making it a second trading day depreciation. Data posted by the FMDQ securities showed...
Nigerian currency recorded a good performance to the US dollar last week and will be hoping for more of the same. Data from FMDQ securities showed...
On Thursday, the rate of Naira to the dollar remained unchanged at the Investors and Exporters (I&E) segment of the foreign exchange currency (FX) market. FMDQ...
After a two-day stalemate, the Naira rose marginally against the US dollar at the investors and exporters window of the foreign exchange market. Data gathered from...
