The Nigerian naira plummeted by about 7% in the foreign exchange (FX) market as US dollar shortage exerted pressures on demand and supply. FX spot data...
The Central Bank of Nigeria (CBN) will implement electronic foreign exchange matching systems (EFEMs) for foreign exchange transactions in the Nigerian foreign exchange market on December...
The supply of the Dollar and other currencies increased by 117% at the foreign exchange market as the Naira strengthened on Friday. Data obtained from FMDQ...
The Central Bank of Nigeria (CBN) on has announced plan to issue N2.20 trillion in treasury bills during the fourth quarter (Q4) of 2024, matching the...
The foreign exchange turnover in July stood at $7.39 billion at the official trading window for the Nigerian currency in July. The July figure which is...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the benchmark lending rate to 26.75%. The hike in the Monetary Policy...
The naira appreciated to 1,339.33/$ at the close of trading on the official window on Monday, gaining 9.68% over Friday’s rate of 1,482.81/$. According to FMDQ...
