Tag: FX

Despite a notable 60% surge in the volume of dollars traded in the foreign exchange market the previous day, the pressure on the dollar continued, reports Daily Trust. Data from ...

MTN Nigeria is in the process of renegotiating periodic reviews of the company’s tower contracts. The firm noted that these contract renegotiations are important in mitigating the impact of forex ...

In a significant turn of events on Friday, November 17, 2023, the Nigerian naira showcased substantial appreciation against the dollar, concluding at an impressive N791.75/$1 at the official market. Experts ...

The Nigerian naira experienced a substantial appreciation against the dollar, reaching a new monthly high of N780.14/$1 at the official market on November 10, 2023. This marked a remarkable gain ...

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, ...

The Nigerian Naira depreciated further against the US dollar in the forex market on Friday, amid a renewed FX liquidity crisis. The local currency was under pressure in the market's ...

On Thursday, the Nigerian currency performed better than its US counterpart in various foreign exchange (FX) segments. According to Entrepreneurng, the Naira eased the forex demand pressures it faced yesterday ...