Official exchange rate crashes to 6-day low as reserves fall
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ...
This is the weakest it has been since April 8, when the official rate closed at N1,230.61/$1, suggesting downward pressure ...
Spot FX market turnover in January 2024 was $4.37 billion (N4.03 trillion), representing a Month-on-month (MoM) decrease of 40.46% ($2.97 ...
The FMDQ where forex is traded officially has implemented a +/-5% band around the previous day NAFEX while also caping ...
The dollar remained under pressure on Wednesday after retreating from a nearly three-month high against major currencies, yet the naira ...
As Nigerians navigate economic shifts and market fluctuations in 2024, there is a heightened quest for secure and rewarding short-term ...
Spot FX market turnover in November 2023 was $5.17 billion (N4.33 trillion), representing a Month-on-month (MoM) increase of 10.94% ($0.51 ...
Spot FX market turnover was $4.66 billion (N3.66 trillion) in October 2023, representing a Month-on-month (MoM) decrease of 14.96% ($0.82 ...
The FMDQ Exchange has announced a significant change in the terminology used within the Nigerian Foreign Exchange (FX) market.
The complexities of the equity and stock market systems have traditionally been perceived as male-dominated. However, in a landscape characterized ...
Nigeria’s President, Bola Tinubu assured Nigerians that the Nigerian economy must recover for the greater good of Nigerians.
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