FX Archives

The Naira depreciated at the official market on Monday, trading at N1,495.60 to a dollar. Data from the FMDQ Security ...

Indigenous ship-owners abandon vessels capital flight at seaports, New ministers don’t have enough time, failure to refund Maritime Academy

Indigenous ship-owners abandon vessels as FX crisis distort dry-docking services

by Tola Adenubi

January 20, 2025

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Many vessels have been left unattended to following the continuous instability in the nations exchange rate to the Dollar, checks ...

2025: Manufacturing still contending FX volatility, high inflation, high energy prices and infrastructure deficit

by Akin Adewakun

January 1, 2025

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Year 2024 remains a year to remember for operators and critical stakeholders in the nation’s manufacturing sector. The sector, which ...

Indices Trading in Nigeria: A Detailed Exploration

by Tribune Online

December 11, 2024

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In recent years, Nigeria has witnessed a significant shift in the way its residents approach investing. One of the emerging ...

Nigeria’s New FX Trading System Explained: The Electronic Foreign Exchange Matching System

by Tribune Online

December 4, 2024

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Nigeria's foreign exchange market has experienced significant changes with the introduction of the Electronic Foreign Exchange Matching System (EFEMS). This ...

policy decisions are paying off, banks imposing ATM withdrawal limits, monetary policy, inflationary growth Cardoso, CBN NCC DMBs reach agreement on N200bn CBN launches DocFlow MDA naira Banks Fintechs to blur FX subsidies outpaced fuel subsidies Report cash withdrawal issues at ATMs, Development spending threatened Nigeria’s Gross External Reserves website overhauling for transparency , CBN working on website , CBN working on website overhauling for transparency , website overhauling for transparency, CBN working on website , CBN monetary policies, Cardoso to present, Cardoso urges stronger economic ties with Middle East

FX subsidies outpaced fuel subsidies under old regime, says Cardoso

by Chima Nwokoji

December 2, 2024

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The Central Bank of Nigeria has disclosed that unknown to most Nigerians, before foreign Exchange reforms the cost of the ...

$over two billion credit card users expected globally Q2 FX utilisation favours CBN limit interest rate \ board appointments in 3 banks CBN dolar naira situation, CBN vehicle contract$

Q2 FX utilisation favours financial services—Report

by Chima Nwokoji

October 28, 2024

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Indications have emerged that there is an ongoing shift in Foreign Exchange (FX) utilisation towards services, mainly financial services, as ...

JUST IN: Naira appreciates, and trades at N1,600/$

by Israel Arogbonlo

October 26, 2024

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The Naira closed the week stronger on Friday at the official market, trading at N1,600 to the dollar. Data from ...

IMF identifies three circumstances US-based expert exposes hidden dangers in Nigeria’s latest $2.5bn

IMF identifies three circumstances for central banks’ FX Intervention

by Chima Nwokoji

October 14, 2024

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The International Monetary Fund (IMF) has identified three circumstances under which central banks may consider implementing Foreign Exchange Intervention (FXI) ...