Nigeria’s foreign exchange market is grappling with significant pressure, leading to the devaluation of the naira and raising …
Forex
- Global Trade
Saudi Arabia Commits to Support CBN with FX Deposit and Refinery Investments
by Harry ChomsIn a significant development, Saudi Arabia has pledged support to Nigeria by providing foreign exchange to bolster the …
Nigeria Liquefied Natural Gas Limited has pointed to vessel scarcity, fluctuations in foreign exchange rates, and soaring oil …
Nigeria’s foreign exchange market is on the cusp of a liquidity boost, with the Central Bank of Nigeria …
- Market
Naira Regains Some Value Lost To Dollar, Forex Traders Raise Transaction Volume
by Harry ChomsThe Naira regained some of its value against the United States Dollar (USD) on Friday, March 24, 2023, …
On Wednesday, March 1, the Naira strengthened against the US dollar in the Peer-2-Peer (P2P), parallel market, and …
In recent months, inflation, interest rates, public debt, and current account deficits have contributed to Nigeria’s economic downturn. …
The Nigerian Naira depreciated further against the US dollar in the forex market on Friday, amid a renewed …
Access Bank has informed its customers of some significant changes in the processing of Forex requests. The bank …
In the nine months leading up to September 2022 (9M’22), the amount of dollars exchanged in the Investors …