FX turnover crashes by 75.98% to a three-week low on Thursday
The foreign exchange (FX) turnover on the Nigerian official market crashed by 75.98%, hitting a three-week low on Thursday.
Tag: Exchange Rate
Nigeria’s earnings from crude oil export rise by 50.2% to N15.4 trillion in Q1 2024
The value of Nigeria’s crude oil export earnings increased by 50.2% in the first quarter of 2024 to N15.4 trillion, ...
Naira snap early gains against Euro, far right strengthens grip on Europe
Euro skidded against the naira in the unofficial market on Monday after French President Emmanuel Macron called a snap election ...
Naira approaches N1500/$ border line as dollar index surged by 80 basis point
Naira posted significant losses against the haven currency at the last reading session of the week as investors increased their ...
The lost ark of fiscal responsibility: A solution to the FX crisis in Nigeria
The Central Bank of Nigeria (CBN) was criticized for running multiple exchange rate regimes, but the reasons are more obvious ...
FX rate for customs duties collection rises by 23.9% as naira weakens
The exchange rate for the Nigeria Customs duties collection has risen by 23.9% from N1,196.6 per USD to N1,482.9/$. This ...
Exchange rate gains tied to $1.3 billion maturing NDFs, CBN’s interventions
The naira has experienced consecutive double-digit appreciation on the official market, and sources say that the Central Bank of Nigeria ...
Exchange rate for customs duty collection drops by 10.3% in 2days, lowest in May
The exchange rate for the Nigeria Customs Service (NCS) import duties collection has dropped by N153.1 from N1480/$ to N1,327.5 ...
Naira records biggest appreciation in four months to N1,173.88/$1
The naira surged N1,1173.88/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Tuesday, marking an increase of 14.09% ...
How students can budget properly amidst record high living cost in Nigeria
How students can budget properly amidst rising prices of essentials.
