FMDQ Exchange

Naira Falls To N1,780/$ in Black Market As Gains Reverse

Naira Falls As US Dollar Strengthens Following Trump’s Victory

Nigerian Naira has depreciated significantly as the US dollar strengthened against other world currencies following the victory of Donald Trump at the 2024 presidential election. Trump, 78, secured over 270 votes required

Victor Ezeja

2 months ago

Business·Latest News·Markets

FMDQ Exchange Records N30.63trn Secondary Market Turnover In July

FMDQ Exchange Sees Significant Growth in Secondary Market Turnover The FMDQ Exchange experienced a notable surge in secondary market turnover in July 2024, reaching N30.63 trillion. This increase represents a month-on-month (MoM)

Emmanuel Ochayi

4 months ago

Business·Latest News·Markets

FMDQ FX Turnover Surges To $793 Million Amid Market Dynamics

Last week saw a surge in the turnover at the FMDQ Securities Exchange, reflecting a notable uptick of 17% to reach $793 million. This surge, indicating resilience amidst market dynamics, reveals interesting

Emmanuel Ochayi

1 year ago

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

The official market aggregator, FMDQ Exchange, reported that the naira to dollar exchange rate closed at N772.12/$1 in the Investors’ and Exporters’ (I&E) window of the official market on Monday. According to

Fakoyejo Olalekan

1 year ago

Business·Currency

Forex Traders Drop Prices Of Dollar, Pound, Euro In Official Window, Black Market

In the official window and the black market on Tuesday, the naira appreciated in value, as the rates of the dollar, pound and euro fell. According to FMDQ Exchange, at the end

Fakoyejo Olalekan

2 years ago

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

The Naira to Dollar rate closed Monday’s official foreign exchange market at N463.5 kobo/$1, with the Nigerian currency depreciating by 0.10 per cent. Investors and exporters were offered the Dollar at N0.5

Fakoyejo Olalekan

2 years ago

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Naira Falls As US Dollar Strengthens Following Trump’s Victory

FMDQ Exchange Records N30.63trn Secondary Market Turnover In July

FMDQ FX Turnover Surges To $793 Million Amid Market Dynamics

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

Forex Traders Drop Prices Of Dollar, Pound, Euro In Official Window, Black Market

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

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