Tag: FX

Naira Weakens at Official FX Market, Strengthens in Parallel Black Market - In a day of contrasting performances, the Naira fell by 1.48% in the official foreign exchange market on Wednesday, ...

Tuesday Trading Sees Naira Rising Against Dollar as FX Market Reopens -- In a positive turn of events on Tuesday, the Naira witnessed a noteworthy appreciation of 0.79 percent (equivalent to ...

CPPE Urges New CBN Governor to Prioritize Clearing Forex Backlog - The Centre for the Promotion of Private Enterprise (CPPE) has strongly recommended that Olayemi Cardoso, the freshly appointed Governor of ...

Naira Plummets to Record Low of N980/$ Amidst Soaring Dollar Demand - In a startling development, the Naira plummeted to its all-time low, reaching N980 against the dollar in the black ...

CBN's New Directive on FX Revaluation Gains: What It Means for Nigerian Banks - The Central Bank of Nigeria (CBN) recently issued a directive that has been a hot topic of ...

Naira weakens to N758 at I&E, N954 at P2P, and N950 per $1 at Black Market - Wednesday, September 13, the Naira weakened against the US Dollar in the Investors and ...

Naira declines to N941/$1 at P2P, N932/$1 at Black Market, and N773.50/$1 at I&E - On Monday, September 11, the Nigerian Naira had a poor start versus the US dollar in ...

Clearing FX backlog is considered to boost investor confidence and stabilise naira - Analysts characterised the Central Bank of Nigeria's (CBN) proposal to reduce the foreign exchange (FX) backlog in ...

News summary: The naira experienced a 0.8% drop in value due to increased dollar demand on the parallel market, particularly from importers. The Central Bank of Nigeria's RT200 scheme has ...