FX Market

Nigerian Forex Market Update: Uncertainty Lingers As Naira Struggles Amid Policy Shifts

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Naira Struggles in FX Market at Month-End The foreign exchange (FX) market witnessed a challenging end to August, with the naira recording significant losses against the dollar across various trading platforms. The

Emmanuel Ochayi

2 months ago

Business·Latest News·Markets

Capital Reversals Drive $1 Billion Outflow In Nigeria’s FX Market

Capital Outflows Surge in FX Market Nigeria’s FX market experienced a significant rise in capital outflow, reaching $1 billion in April 2024, a 35.14% increase from $740 million recorded in March. The

Emmanuel Ochayi

2 months ago

Business·Latest News·Markets

CBN’s FX Market Intervention Falls Short As Naira Struggles To Gain Ground

CBN’s FX Market Intervention: A Limited Impact On August 6, the Central Bank of Nigeria (CBN) made headlines with its largest single-day dollar sale, offloading $815 million directly to various businesses, including

Emmanuel Ochayi

3 months ago

Dollar’s Global FX Reserve Share Declines By 1.46% Amid Rising Diversification Efforts

Business·Latest News·Markets

CBN Intervenes In FX Market With $122.67m Sales To 46 Authorised Dealers To Promote Stability

Central Bank of Nigeria (CBN) Moves to Stabilize FX Market with US$122.67 Million Sale In a move to stabilize the FX market, the Central Bank of Nigeria (CBN) on Friday sold US$122.67

Emmanuel Ochayi

4 months ago

Intra-Africa Trade: Nigeria Ranks Fourth, Follows South Africa, Cote d’Ivoire, Egypt

Business·Latest News·Markets

Nigeria Was Spending $1.5bn Monthly To Defend The Naira Before Tinubu’s FX Reforms – Onanuga

Nigeria’s Special Adviser to the President on Information and Strategy, Bayo Onanuga, has revealed that the country was spending a sum of $1.5 billion monthly to maintain a fixed foreign exchange (FX)

Emmanuel Ochayi

5 months ago

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Business·Latest News·Markets

Nigeria’s FX Reserves Rises To $32.8bn After 10-week Slump

Nigeria’s foreign exchange (FX) reserves have shown a notable increase over the past six days, indicating a potential recovery for the economy’s external reserves. According to data from the Central Bank of

Emmanuel Ochayi

5 months ago

Business·Latest News·Markets

Naira Stable On More Dollar Sales

The naira remained stable across foreign exchange markets on Tuesday, with a surge in dollar sales by 94.46% at the official market. Despite the fluctuations, the local currency showed resilience, reflecting the

Emmanuel Ochayi

5 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th July 2024

Business·Latest News·Markets

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

The naira weakened further on Thursday at the official foreign exchange market due to a drop in dollar sales by market players. The naira lost 10.45 percent of its value, with the

Emmanuel Ochayi

5 months ago

Business·Latest News·Markets

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

In a bid to curb illegal currency trading and stabilize the Nigerian currency, the Economic and Financial Crimes Commission (EFCC) intensified its efforts, conducting raids on Bureau De Change (BDC) operators across

Emmanuel Ochayi

6 months ago

Naira Slips To ₦1,653 As Dollar Supply Drops

Business·Latest News·Markets

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

The Naira took a slight dip on Wednesday, closing at N1,421/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a 1.27 percent drop from the previous day’s rate of N1,403/$,

Emmanuel Ochayi

6 months ago

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

FX Market Closes August On a Downward Trend As Naira Continues To Weaken

Capital Reversals Drive $1 Billion Outflow In Nigeria’s FX Market

CBN’s FX Market Intervention Falls Short As Naira Struggles To Gain Ground

CBN Intervenes In FX Market With $122.67m Sales To 46 Authorised Dealers To Promote Stability

Nigeria Was Spending $1.5bn Monthly To Defend The Naira Before Tinubu’s FX Reforms – Onanuga

Nigeria’s FX Reserves Rises To $32.8bn After 10-week Slump

Naira Stable On More Dollar Sales

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

Naira Slips To N1,421/$1 At Official Markets, Analysts Warn Of Lingering FX Instability

Featured Stories

Transferred Aggression: Libya Using Nigerians To Raise $50,000 CAF Fine

United Nigeria Airlines Chairman, Okonkwo Charges NOA On Ethical Reorientation In Nigeria

Beneath The Bandages: How Nigeria’s Inflation Rate Bleeds Hospitals Dry

Ex-military President IBB Supports Osinbajo 2023 Presidential Bid

Latest News

US Election: Donald Trump Goes Spiritual As Americans Decide

US Election: What A Trump Or Harris Win Means For Nigerian Migrants

US Election: Things To Know About The Electoral College, Why It Still Decides Winner Despite Criticism

Sextape Scandal: One Victim Commits Suicide As Engonga Opens Up

APC Campaign Council

Categories

Suggestions

FX Market

Follow Us

Featured Stories

Latest News

APC Campaign Council

Categories