Naira Exchange Rate Drops to 5-Week Low, Nears N1,500/$1
The naira-dollar exchange rate hit a six-week low on Monday, closing at N1,490.2/$1, just N10 short of N1,500/$1. This decline, reported by the FMDQ, marks the lowest point since May ...
Monday, September 8, 2025
Search Result for 'Nigerian Exchange'
No Result
Migration: 300 Nigerian Millionaires Projected to Leave Nigeria in 2024 – Report
In 2024, Nigeria is expected to see 300 millionaires emigrate to other countries, according to a migration report by Henley & Partners. The report highlights that approximately 128,000 millionaires globally ...
Nigerian Court discharges Tigran Gambaryan, Nadeem from FIRS tax evasion case against Binance
The Federal High Court has absolved Tigran Gambaryan, a 39-year-old American, and Nadeem Anjarwalla from the FIRS tax evasion case involving Binance, a cryptocurrency exchange platform. In a concise ruling, ...
Weaker Naira Boosts Export of Nigerian Made Goods – Customs Comptroller
The devaluation of the Naira has positively impacted the exportation of local Nigerian products to neighbouring West African countries. Comptroller Timi Bomodi, the Customs Area Controller of the Seme Command, ...
Naira Exchange Rate Returns to Normal Range, Falls to N1,484.75 at Official Market
The exchange rate between the naira and the US dollar fell to N1,484.75 on Thursday, May 30, 2024, marking the second consecutive decline. This follows a brief appreciation period earlier ...
Exchange Rate Gains Tied to $1.3 Billion Maturing NDFs, CBN’s Interventions
The naira has seen significant appreciation in the official market, driven by the Central Bank of Nigeria's (CBN) interventions and the anticipation of a $1.3 billion non-deliverable forward (NDF) maturing ...
Official Exchange Rate Depreciates to N1,533.99, Worst in May
The official exchange rate between the naira and the dollar in the NAFEM Window dropped significantly to N1,533.99/$1 on Thursday, May 16, 2024. This represents a sharp 4.89% decline from ...
Nigerian Stocks Hit Lowest Point Since January
The Nigerian Exchange (NGX) witnessed its second consecutive day of bearish trends, with the All-Share Index dropping by 0.77%. Closing at 97,473.98 points, this marks the index's lowest level since ...
Nigerian Customs Service Records Highest FX Rate for Duty Collection in Six Weeks
According to data from the NCS exchange rate portal, the exchange rate used by the Nigerian Customs Service (NCS) to collect import duties has surged to N1457/$, marking the highest ...
Exchange Rate Falls to N1,419/$1 in Official Market, Lowest Since March
The exchange rate between the naira and the dollar plunged to N1,419/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM), marking a disappointing start to the week. This depreciation marks ...
Copyright © 2025