Tag: Dollar
Nigeria’s FX Reserves Reach Three-Month High as Naira Stabilizes
Nigeria's foreign exchange (FX) reserves have reached their highest level in three months, standing at $33.58 billion, as the naira has shown stability in...
CBN’s $575 Million Dollar Sales in May Hit Record High for...
CBN's $575 Million Dollar Sales in May Hit Record High for 2024
In May, the Central Bank of Nigeria (CBN) sold $575 million, marking its...
Dollar Supply Surges 93% as Naira Appreciates in Official Forex Market
Dollar Supply Surges 93% as Naira Appreciates in Official Forex Market
The supply of US Dollars surged by 93% in the official foreign exchange market,...
EFCC Clarifies Stance on Foreign Missions’ Financial Regulation
The Economic and Financial Crimes Commission, EFCC, has said it does not have the authority to prohibit or instruct foreign missions on their financial...
CBN Raises Foreign Exchange Rate to N1457 Against Dollar
CBN Raises Foreign Exchange Rate to N1457 Against Dollar
The Central Bank of Nigeria has adjusted the foreign exchange rate for calculating tariffs and import...
Naira will continue to appreciate — V.P Shettima
Vice President Kashim Shettima has expressed his belief that the Nigerian naira, will continue to appreciate against the US dollar in the forex market.
According...
Forex: Naira makes fresh gain against Dollar
The Naira on Monday appreciated at the official market, trading at N1,136.04 to the dollar.
The Naira appreciated by N6.34, according to data from the...
Naira makes huge appreciation, gains 7.2% against dollar
Naira saw a significant appreciation on Friday in the official market, with its exchange rate against the dollar trading at N1,142.38.
Data obtained from the...
Naira Strengthens by 7.2% Against Dollar
The Naira witnessed a significant appreciation in the official market, with the exchange rate against the dollar standing at N1,142.38 on Friday.
Data from the...
Naira trades below 1,280/$ at official, parallel Markets
The naira kicked off the new month with a strong performance, strengthening to N1,278.58 against the US dollar compared to N1,309.39 per dollar recorded...