After two days of trading positive, Nigerian currency has recorded its first loss to the US dollar at the official market. Data from FMDQ securities where...
On the second trading day of the year, the exchange rate between the naira and the US dollar closed at N416/$1, at the Investors and Exporters...
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said on Monday the black market was in comatose due to...
Nigerian foreign reserves closed 2021 above $40 billion despite heavy withdrawing in the month of December. Data from Central Bank of Nigeria (CBN) showed that as...
On Wednesday, the Nigerian currency gained significantly against the US dollar in the black market and stayed unchanged at the official market. Ripples Nigeria spoke to...
Naira increased in value on Monday against the U.S dollar at the Investors and Exporters (I&E) foreign exchange (forex) thanks to the increased forex supply by...
The Naira depreciated again against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Thursday. According to data...
After two consecutive days of losses, Nigerian currency closed flat against the US Dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex)...
Nigerian currency for the second consecutive day has depreciated in value at the official foreign exchange market. Data obtained from FMDQ showed the Nigerian currency exchanged...
Nigeria’s currency on Wednesday reversed the gains made to the U.S dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex). Data from...
The International Monetary Fund (IMF) stated that Nigeria needs to unify its multiple exchange rates if its digital currency, eNaira, is to have an impact on...
The Naira strengthened against the US Dollar at the closing of transactions on Wednesday in the Investors and Exporters (I&E) window of the foreign currency (FX)...
The capital market closed negative for United Bank for Africa (UBA) on Monday, as investors engaged in sell-off following the bank’s disclosure of foreign exchange defaulters...
Concerned about the Naira-to-Dollar exchange rate, Nigeria’s Central Bank has issued a strong warning to Deposit Money Banks, threatening to revoke their licenses for one year,...
The Central Bank of Nigeria (CBN) has issued a memo mandating all banks to publish the names and Bank Verification Number (BVN) of defaulters of its...
The Nigerian currency again traded weaker against the U.S dollars at the unregulated segment of the foreign exchange (forex) as currency dealers continued to take advantage...
On Wednesday Naira weakened significantly against the U.S. dollar at the official market, but remained stable at the black market window. Data posted by FMDQ, where...
Nigerians who chose to use the black market on Tuesday due to easy access to foreign currency were forced to pay more than they did on...
Nigerians spent $1.04 billion on food importation in first six months of 2021 as the Central Bank of Nigeria (CBN) increased its foreign exchange supply to...
The Naira appreciated marginally against the U.S dollar at the official market (Nafex window) after two days of losses. Data posted on the FMDQ Security Exchange...
The Bankers’ Committee has lamented that some customers are using expired travel tickets and fake passports to procure forex from commercial banks amid sales restrictions to...
The Central Bank of Nigeria (CBN) liquidity push to commercial banks has failed to keep the demand pressure away as Naira falls to N515/$ in the...
The Naira to US Dollar exchange rate remained unchanged on Tuesday in both the parallel market and the Investors and Exporters (I&E) segments of the foreign...
The Naira remained stable against the US Dollar on Monday in all areas of the foreign exchange (forex) market. Data from FMDQ Securities Exchange showed the...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange...
Foreign investors in the U.K have been told by the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, to ignore the rising foreign exchange...
With the parallel market exchange rate soaring, the Central Bank of Nigeria (CBN) has announced an increase in the amount of foreign exchange supplied to banks....
Association of Bureaux De Change Operators of Nigeria (ABCON) has blamed speculators for the sale of dollars above the Central Bank of Nigeria (CBN) approved exchange...
Nigeria’s currency, the Naira fell further against the dollar on Thursday as market liquidity also dropped. According to data from the FMDQ Importers and Exporters window,...
The forex turnover rose significantly by 229.24 percent, as the Naira’s exchange rate appreciated marginally against the dollar at the official market on Thursday. According to...
Nigeria’s Naira gained slightly against the U.S. dollar at the official exchange market on Wednesday. This is as Nigeria’s external reserves dropped by $15.9 million in...
Nigeria’s naira remained unchanged against the U.S. dollar at the unofficial market and official markets on Monday. Naira again closed at N485 at the black market,...
Nigeria’s naira gained against the U.S. dollar at the unofficial market on Thursday. The data posted by Abokifx showed that the naira closed at N485.00 at...
Naira gained marginally against the United States Dollar on Tuesday to close at N409.80/$1, data posted on the FMDQ Securities Exchange showed. This represents a N0.33...
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has assured Nigerians and investors that the apex bank has enough foreign exchange to meet demands....
The Naira to a US Dollar remained unchanged on the official and official market on Wednesday. Naira closed N409.75 against the dollar at the Investors &...
Naira on Thursday gained against the dollar at the Investors & Exporters (I&E) window of the foreign exchange market to close at N409 to the dollar...
Nigeria’s currency, the naira, on Monday strengthened against the dollar by 0.26 percent at the Investors and Exporters (I&E) forex window to close at N409.2/$1. On...
Naira strengthened against the United States dollar on the parallel market on Wednesday as banks strived to meet foreign exchange demand particularly for Personal Travel Allowance...
The aggregate forex inflow to the Nigerian economy crumbled by 30.4% to $30.83 billion in the third quarter compared to the same period of 2019, the...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
Naira weakened against the United States dollar on Monday on the over-the-counter spot market segment of the currency market, called the Investors and Exporters (I&E) forex...
Naira depreciated against the United States dollar at various segments of the foreign exchange market on Monday. The local currency closed at N460 to a dollar...
Naira recorded a modest gain against the United States dollar at the parallel market on Monday, closing at N458, 1.5% stronger than its close at the...
Naira strengthened against the U.S. dollar on Wednesday at the parallel market, inching up by 1.08%, supported by improving liquidity in the retail segment of the...
President Muhammadu Buhari has pressed for the reallocation of the Special Drawing Rights (SDRs), which the International Monetary Fund (IMF) retains as supplementary foreign exchange reserves...
The Central Bank of Nigeria (CBN) must ramp up actions to reduce pressure on the currency market to meet ballooning demand for hard currency in Nigeria,...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream...
President Muhammadu Buhari Thursday ordered the Central Bank of Nigeria (CBN) to call off issuance of foreign exchange for food and fertiliser imports, according to a...
Naira declined to N445 to the United States dollar on the black market on Monday, the same day Bureaux De Change (BDCs) resumed operations following sales...
