Nigeria foreign exchange market

Naira Ends Week With Marginal Gain Against Dollar

Forex Market Turnover Rises By 42.69% To $14.39bn

Foreign exchange market turnover in Nigeria rose by 42.69 per cent month-on-month to $14.39 billion (N23.95 trillion) in November 2024. This is according to the latest Monthly report released by FMDQ Securities

Victor Ezeja

3 weeks ago

Nigerian In Diaspora Laments As Naira Falls By 769% Against Canadian Dollar In 10 Years

Business·Currency·Latest News·Markets

Nigerian Laments As Naira Falls By 769% Against Canadian Dollar In 10 Years

A Canada-based Nigerian, Mr Chinonso Charles, has lamented the steep depreciation of the naira in the foreign exchange market over the years. An analysis of the rate of exchange between naira and

Victor Ezeja

4 months ago

Business·Currency·Latest News

Weak Naira: CBN Sells $543.5m To Boost FX Market

The Central Bank of Nigeria (CBN) has announced that it sold a total sum of $543.5 million to authorised dealer banks between 6 – 30 September 2024. According to a statement by

Victor Ezeja

4 months ago

FEATURES·Markets

Exchange Rate Fluctuations And Impact On International Trade

By Lolade Akintayo As a financial analyst, analyzing exchange rate fluctuations and their impact on international trade requires a multi-dimensional approach. It’s not just about understanding the broad economic factors driving currency

Admin

4 months ago

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Nigeria’s external reserves has surged to $34.07 billion in June. This was revealed in the latest forex reserves data published by the Central Bank of Nigeria (CBN) on its official website. The

Victor Ezeja

7 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Finance & Economy

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

The foreign exchange (FX) rate for calculating import duties by the Nigeria Customs Service (NCS) has dropped by 23.8 per cent in one month.

Victor Ezeja

9 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Business·Currency·Finance & Economy

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Nigeria’s local currency, the naira, has continued to sustain its appreciation, ending the week on a positive note as it marches closer to below ₦1,000 mark in both parallel and official windows

Victor Ezeja

9 months ago

Business·Latest News

Customs Forex Duty Rate Drops Again By 3% As Naira Strengthens Further

The Nigeria Customs exchange rate for calculating import duty at the nation’s ports has decreased further by 3 per cent on the back of continuous appreciation of the naira in the foreign

Victor Ezeja

10 months ago

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

The Nigerian local currency, the naira, has dropped again to ₦1,602.43/$1 after three consecutive days of trading below the ₦1,600/$1 mark in the official foreign exchange market window. According to data published

Victor Ezeja

11 months ago

Business·Latest News

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

As the Central Bank of Nigeria (CBN) continues with its reforms of the foreign exchange market, it has reduced the number of Bureau De Change (BDC) operators to almost what it was

Victor Ezeja

11 months ago

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Forex Market Turnover Rises By 42.69% To $14.39bn

Nigerian Laments As Naira Falls By 769% Against Canadian Dollar In 10 Years

Weak Naira: CBN Sells $543.5m To Boost FX Market

Exchange Rate Fluctuations And Impact On International Trade

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Customs Forex Duty Rate Drops Again By 3% As Naira Strengthens Further

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

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