Currencies
Nigeria's daily parallel market exchange rate tracker
FMDQ acquires 2 billion shares of CSCS
FMDQ has acquired about 2 billion shares or CSCS Nairametrics can confirm. The trades were consummated at a share price of...
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Analysts worry as the gap between official and black market rates grows
On Wednesday, July 5th, 2023, the official I&E window recorded a closing exchange rate of N742.31 per US dollar compared...
Read moreDetailsFMDQ revises how forex rates will be computed at I&E window
FMDQ has revised the computation methodologies of its foreign exchange (FX) rate-fixing products. Here is what it means
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Naira gains big against the dollar, closes N741/$1
The exchange rate between the dollar and naira closed at N741.5/$1 at the official investor and exporter window on Monday,...
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Nigeria’s external reserve fall by $2.9 billion in H1 2023, the most in 6 years
Nigeria’s external reserve has fallen by about $2.8 billion in the first half of 2023 as Nigeria continues to struggle...
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Latest MPC statement reveal Emefiele still believed his policies will achieve “FX Stability”
Nigeria's suspended Central Bank Governor, Godwin Emefiele, expressed his belief that the foreign exchange (forex) market would remain stable, citing...
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CBN resumes quotation of Naira-settled OTC FX Futures Contracts
The Central Bank of Nigeria (CBN) resumes offering quotes for Naira-Settled OTC FX Futures (NSOFF) contracts with durations of thirteen...
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Exchange rate closes at N769.25/1$, depreciates 39% in one month
The latest I&E Window exchange rate for June 30th, 2023 shows the exchange rate between the naira and dollar closed...
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Unified exchange rate to save Nigeria from financial hemorrhage – President Tinubu
Nigeria's President, Bola Ahmed Tinubu, has revealed that his administration implemented a unified exchange rate in order to save the...
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Naira closes the month at N769.25 to a dollar at I&E window, N770/$1 at BDC
Naira depreciated against US dollar at official market on 30th June 2023.
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