On January 16th, 2024, forex turnover experienced a substantial surge, reaching $147.81 million, marking a 460.52% increase compared to the previous day. The Nigerian naira faced depreciation against the U.S. ...
On the first trading day after the Christmas holiday, the Nigerian Naira gained against the dollar, appreciating by 1.52% to close at N872.59 to a dollar at the official market. ...
On December 20, 2023, the forex turnover in Nigeria saw a decline of 21.45%, totaling $181.30 million, accompanied by a depreciation of the Nigerian naira against the dollar. The official ...
The naira gained ground against the US dollar in both the official and parallel markets. This is despite the fact that Nigeria's headline inflation rate, released today by the National ...
Nigeria recorded $11.11bn aggregate foreign exchange inflow in July and August, figures obtained from the Central Bank of Nigeria revealed. According to figures obtained from the CBN’s August economic report on ...
Nigeria's foreign exchange market is grappling with significant pressure, leading to the devaluation of the naira and raising concerns about economic stability. The recent depreciation of the naira is attributed ...
In a significant development, Saudi Arabia has pledged support to Nigeria by providing foreign exchange to bolster the ongoing forex reforms led by the Central Bank of Nigeria (CBN). Additionally, ...
Nigeria Liquefied Natural Gas Limited has pointed to vessel scarcity, fluctuations in foreign exchange rates, and soaring oil prices as the primary causes for the recent surge in cooking gas ...
Nigeria's foreign exchange market is on the cusp of a liquidity boost, with the Central Bank of Nigeria (CBN) taking significant steps to clear the longstanding backlog of foreign exchange ...
The Naira regained some of its value against the United States Dollar (USD) on Friday, March 24, 2023, after appreciating by -0.10 percent in the official market. This means that ...
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