Currencies
Nigeria's daily parallel market exchange rate tracker
Naira shows strength, faces uphill task at N1,500 resistance line
The Naira strengthened against the dollar on Friday, trading at N1,585/$ from N1,590/$ posted on Thursday in the parallel market. ...
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Top 10 Banks that got highest FX from CBN’s latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) recently conducted a Retail Dutch Auction System (rDAS) on August 6, 2024, in an...
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List of banks excluded from CBN’s retail Dutch Auction
Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating in a...
Read moreNew CBN circular clarifies existing rule on certificate of capital importation for forex repatriation, divestment
The Central Bank of Nigeria (CBN) has issued a clarification on the requirements for divestments and repatriation of foreign investments...
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Nigeria records 55% increase in net FX flows to $25.4 billion in first six months of 2024
The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net...
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Nigeria’s exchange rate appreciates for third consecutive day, closes at N1,596.52/$1 on Wednesday
The naira has appreciated again to close below N1,600/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window.
Read moreCBN sells $876.26 million at N1,495/$1 to 26 banks in latest Retail Dutch Auction
The Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495/$1 to 26 qualified banks in its latest Retail...
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FG to sell $500 million dollar-denominated bonds, targets 200% subscription
The Federal Government of Nigeria has launched its Series I Domestic USD Bond, as it hopes to raise at least...
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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,...
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Forex crisis: Nigeria’s ID4D project gains N8.6 billion from Naira devaluation in 2023
The devaluation of the Naira resulted in a forex gain of N8.6 billion for the Nigeria Identification for Development (ID4D)...
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