Naira appreciates marginally against dollar, euro, and pound in November
The Nigerian naira recorded marginal appreciation at both the official and parallel markets by the end of November, according to ...
Tag: FMDQ
News and analysis about FMDQ
Naira rebounds below N1,600/$1 after three-day decline on official market
The naira made a notable recovery in the official market on September 6, 2024, closing at N1,593.32/$1, marking a 2.89% ...
FX turnover falls by 25% in August as official market struggles for liquidity, stability
The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover in August, despite the initial Retail Dutch ...
Naira struggles at N1,600 baseline despite Dollar Index at lowest point since January
The naira struggled to maintain the N1,600 baseline in the official FX market over the past week, despite the dollar ...
Forex turnover drops to lowest since January as naira settles above N1,600/$1
The forex turnover on the FMDQ, where the exchange rate trades officially, closed at a turnover of just $61.9 million, ...
Nigeria’s exchange rate records best gain in two weeks, closes at N1,570/$1 on Thursday
The naira surged to N1,570/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, marking an increase of ...
DMO sold treasury bills valued at N617.92 billion in June- FMDQ report
The Debt Management Office (DMO) sold Treasury Bills (T.bills) valued at N617.92 billion across its auctions in June 2024.
Despite Central Bank FX sales, exchange rate falls to July low of N1,563.8/$1
The naira hit a new low in July, closing at N1,563.80/$1 on Friday, July 12, 2024, as it recovered from ...
Zeenab Foods Limited signs N20 billion commercial paper issuance programme approved by FMDQ Securities Exchange Limited
Zeenab Foods Limited, a leading food processing and agro-commodity trading company in Nigeria, has successfully signed a N20 billion Commercial ...
Naira ends turbulent May at N1,485.99/$1 on official market
After two days of substantial depreciation in a week characterized by significant volatility in the foreign exchange market, the naira ...
