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, ...
Tag: FMDQ
News and analysis about FMDQ
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 ...
FX market turnover drops 27.68% to $9.12 billion in April – FMDQ reports
The Naira steeply appreciated against the US Dollar, with the spot exchange rate ($/N) decreasing by 22.45% ($/N279.38) to close ...
FX turnover surges by 231.99% as CBN raises N1.16 trillion from OMO bill auction
Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an ...
Naira snaps 4-day winning streak, falls to N1,485.66/$1 on Thursday
The Naira has lost its four-day winning streak, depreciating by 1.55% to close at 1485.66/$1 on the official market on ...
FX turnover drops by 53.97%, as investors react to MPC rate hike
The Nigerian Naira displayed a marginal appreciation against the US dollar on the official market, despite a significant decline in ...
