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 ...
Tag: FX turnover
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 ...
Nigeria’s exchange rate closes at N1,603.80/$1 as naira hits worst level in four months
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, ...
Exchange rate crosses N1,600/$1 at parallel market, hits N1,630/$1 on online platforms
Parallel market operators are quoting a buy price above N1,600/$1 for holders of naira looking to buy dollars, as the ...
FX turnover rises by 40% this week as CBN boosts dollar supply
The Nigerian official foreign exchange (FX) market witnessed a significant increase in turnover, rising by 40% this week.
Nigeria’s official exchange rate crashes to N1,561, lowest level since March
The naira has suffered a significant depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, falling to N1,561.98/$1 on ...
Exchange rate drops to N1,500.79/$1, lowest level since May
The naira has weakened further against the US Dollar, falling to N1,500.79/$1 on the official market on June 25, 2024.
FX turnover crashes by 75.98% to a three-week low on Thursday
The foreign exchange (FX) turnover on the Nigerian official market crashed by 75.98%, hitting a three-week low on Thursday.
Naira trades within narrow range as FX turnover surges by 138.67%
The naira exhibited signs of moderate stability as foreign exchange (FX) turnover surged by 138.67% on the Nigerian Autonomous Foreign ...
FX turnover records first crash after Afrexim Bank’s $925 million announcement
The foreign exchange (FX) turnover on the Nigerian official market crashed by 39.95% on Monday.
