Tag: FX Market
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Naira Remains Stable Across FX Markets, Dollar Sales Increase by 94.46%
Dollar sales at the official market increased by 94.46 percent on Tuesday, marking a notable uptick. The value of the naira remained stable on...
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...
Naira Closes at N1,476.12 as Dollar Supply Drops
Despite a sharp decline in dollar sales, the naira strengthened against the US dollar on Monday at the official foreign currency (FX) market.
The dollar...
Naira depreciates more as dollar sales decline by 30.05%
Thursday's continued weakening of the naira on the official foreign exchange (FX) market was caused by a decline in dollar sales by market participants.
According...
FX market turnover falls by 27.68% to $9.12 billion in April – FMDQ Reports
The month-over-month (MoM) reduction in spot FX market turnover from March 2024 ($12,61 billion) to April 2024 ($9.12 billion, or N11.14 trillion) was 27.68%...
