Assets of SOI in the world reached a staggering $49.7 trillion in 2023, representing a 2.9% increase from the $48.3 trillion in 2022.
Forex turnover declined by 21.45% to $181.30 M as naira depreciated against the dollar on Weds, closing at N854.61/$1 at the official market.
Forex turnover rose by 61.86% to hit $198.21 million as the naira further crashed against the dollar at both the official market and the parallel market on Wednesday 22nd of November 2023.
Minister of Finance, Wale Edun, has assured Nigerians that solution to the foreign exchange crisis in the country is underway.
There are mounting concerns that the widening disparity between the dollar and naira may be triggering a new wave of forex round tripping.
Founder/Chief Analyst of Nairametrics, Ugodre Obi-Chukwu says trade deal between UAE and Nigeria will put pressure on Nigeria’s scarce fx.
In a landmark move on June 16th, 2023, the Central Bank of Nigeria unveiled sweeping reforms to its foreign exchange operations, consolidating multiple rate windows into a singular, unified system: the Investor and Exporter Window, commonly referred to as the I&E Window.
HFM is a leading multi-asset broker in the Forex industry, providing traders with a range of tools and platforms to ensure their trading success.
Nigerian naira weakens against US dollar, trades at N772/$1 on June 22, 2023.
International airfares on Nigerian routes may skyrocket as the International Air Transport Association (IATA) has sets the exchange rate at $1 to N770.
Nigeria's foreign exchange supply through the official window increased to $15.2 billion in 2022, representing a 17.7% rise from 2021.
The exchange rate between the naira and the US dollar at the black market appreciated on Friday, 30th December 2022 to trade at an average of N736/$1
