Despite the policy interventions of the Central Bank of Nigeria, the Naira continues to be in free fall against the Dollar.According to data from the FMDQ,…
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The Naira strengthened against the Dollar on Friday after nine days of depreciation.Data from FMDQ showed that the Naira strengthened at N1505.30 against the Dollar on…
The Naira held steady against the dollar in the official foreign exchange market.According to FMDQ data released on Wednesday, the Naira was traded at N1,507.83 against…
The Ghana cedi continues to face challenges against major currencies, registering a 3.88% decline against the US dollar over the past week. This latest drop brings…
On Thursday, the Naira gained value in the parallel market, appreciating to N1,470 per dollar from N1,500 per dollar. However, it depreciated to N1,482.72 per dollar…
According to data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira saw a slight…
Data indicates that on Monday, the Naira experienced a 6% depreciation against the Dollar, reaching N1,234.49 to $1. FMDQ Exchange data, which monitors the Nigerian Autonomous Foreign…
The Central Bank of Nigeria this week sold up to 86 million dollars in the spot market in its first sale of dollars in the market…
The Nigerian government is optimistic about a substantial increase in foreign exchange (forex) supply into the economy, thanks to the current measures in place. Discussing the…
The Central Bank of Nigeria (CBN) on Sunday said that it had disbursed about $61.64 million to foreign airlines through various Deposit Money Banks (DMBs) in…