Exchange rate for customs duties collection rises to N1,618/$
The exchange rate for the Nigeria Customs Service (NCS) duties collection has risen to N1618.73/$ according to the latest figure ...
Tag: Exchange Rate
Nigeria’s exchange rate depreciates by 6.43% in July despite CBN’s FX sales
Nigeria’s exchange rate closed July 2024 at N1608.73/$1, marking a 6.43% depreciation on the official market for the month.
Business activities in Nigeria contracts in July due to high prices – Stanbic PMI
Business activities in Nigeria’s private sector contracted for the first time since November 2023 in July mainly due to reduction ...
Nigeria’s exchange rate records best gain in two weeks, closes at N1,570/$1 on Thursday
The naira surged to N1,570/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, marking an increase of ...
Exchange rate for Customs duties collection drops by N43 as Naira strengthens
The exchange rate for import duties collection by the Nigeria Customs Service (NCS) has declined from N1,584/$ on the 22nd ...
Summer vacation, strong U.S. dollar push naira to a 4-month low
The strong U.S. dollar and summer vacation have increased foreign currency demand, pushing the naira to a four-month low.
CBN sells $106.5 million to 29 FX dealer banks, blames demand pressure for naira fall
The Central Bank of Nigeria (CBN) has announced the sale of $106.5 million as foreign exchange (FX) to 29 FX ...
CBN to sell $20,000 to each BDC at N1,450/$1
The Central Bank of Nigeria (CBN) has announced the approval of the sales of FX to eligible Bureau De Change (BDCs) ...
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 ...
Trump’s effect, high dollar demand push naira to lowest level since March 15
The naira fell for a fifth day against the greenback despite the CBN's assistance, hitting its lowest level since March ...
