The naira on Thursday appreciated on the official market, after two consecutive days of losses to the US dollar. Data from FMDQ securities shows that the...
The value of the Nigerian Naira weakened further on Wednesday, making two straight days of losses and a complete reversal of gains recorded early in the...
Nigeria’s currency, reversed its last two trading gains against the dollar, closing at N418.50/$1 on Tuesday at the official market. Naira had on Friday last week...
Naira clinched another gain against the U.S. dollar at the official market on Monday, extending its appreciation at the official market segment to a second trading...
The Nigerian currency appreciated against the United States currency after the Central Bank of Nigeria (CBN) boldly rejected the call by International Monetary Fund (IMF) and...
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...
On Wednesday, the Nigerian currency fell to its lowest level against the US dollar at the FMDQ Security Exchange window where forex is officially traded. Data...
After two sessions of suspended trading over the Easter holidays, the Naira returned stronger as it appreciated against the US dollar. Data from FMDQ securities shows...
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...
Foreign Airlines will from 19 April ask Nigerians looking to travel out of the country to buy their tickets in dollars. The development is coming amid...
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 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...
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...
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 continues its free-fall to the United States dollars and financial experts have told Nigerians to expect further depreciation as the year progresses. According to...
The Central Bank of Nigeria (CBN) has revealed a 2.39 per cent drop in the country’s foreign reserves in the first three months of 2021. CBN...
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...
Naira gained slightly against the U.S. dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday. Data from FMDQ securities...
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...
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...
Black market traders are exchanging Nigerian currency at N578 to a dollar as pressure on the foreign exchange market increases. This is according to a market...
Nigerian currency ended the month of February on a low, following a negative trade on Monday at the Investors and Exporters (I&E) segment of the foreign...
The value of Nigerian currency appreciated against the United States of America’s dollar as the Central bank of Nigeria moved to boost forex supply. Data from...
On Thursday, the naira weakend further to the US dollar for the second day in a row, despite the drop in demand at the official market....
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 recorded a more impressive day on Tuesday, as Central Bank of Nigeria (CBN) announced an increase in foreign reserves. Data from FMDQ securities showed...
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...
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...
