The Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira, citing a misalignment between its sales proceeds and crude oil purchase...
The Nigerian naira recorded significant gains in the parallel market on Friday, appreciating by N20 against the U.S. dollar to close at N1,610/$1, up from N1,630/$1...
The naira’s performance against the dollar has shown typical seasonal patterns, with December seeing increased demand for the naira due to returning expatriates and holiday activities....
The volume of dollars traded in Nigeria’s foreign exchange market surged by 61.9% in the first 11 months of 2024, reaching $43.09 billion compared to $26.6...
The Nigerian naira ended the week on a negative note, depreciating against the U.S. dollar at the official foreign exchange market. Data from the Financial Markets...
The Nigerian naira appreciated marginally against the US dollar in the foreign exchange market on Thursday. The currency strengthened by N2.56, rising to N1,622.57 per dollar,...
The naira appreciated significantly against the dollar at the official foreign exchange market on Tuesday, following a rise in FX supply. According to data from the...
The Nigerian naira appreciated further against the U.S. dollar in both the official and black markets, closing the week with significant gains. Data from FMDQ shows...
The Nigerian naira recorded a slight recovery on Thursday, bolstered by a significant surge in dollar supply within the official market. The currency appreciated by 0.60%,...
The Naira saw a notable appreciation against the dollar in the official foreign exchange market, ending the week on a high note. According to data from...
