Tag: foreign exchange market
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Naira Climbs By 5.06% Due To A Spike In Dollar Supply
On Wednesday, the naira gained 5.06 percent in the official foreign currency (FX) market as dollar supply increased to $221.24 million in a single...
Naira Plunges Past N2,000 Versus the British Pound
The naira broke past the 2,000 level on Thursday, beginning the session at the lower end of its range versus the British pound sterling....
Exchange Rate Difference Decreases as Dollar Trades at N1,520.24 in the Official Market
The naira/dollar rate was reported at N1,520 on both the official and parallel markets on Thursday, marking the convergence of the foreign exchange (FX)...
FX turnover plummets by 42.92% on June’s first trading day
On Monday, June 3, 2024, the official foreign currency (FX) market in Nigeria had a sharp decline in turnover, plunging by 42.92%.
On the opening...
CBN Lifts the PAPSS Trade Payment Services Cap
Limits on trade and payment services transactions on the Pan African Payment and Settlement System (PAPSS) have been lifted by the Central Bank of...
