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exchange rate

Business·Finance & Economy·News·Nigeria·Top Stories

Nigeria Government Offers ₦900bn Bonds Amid Rising Borrowing Costs

Nigeria’s government has offered ₦900bn ($1bn) worth of federal bonds for subscription, as it continues to raise funds in the domestic debt market amid high interest rates. In a statement, the Debt Management Office (DMO) said the bonds are being sold at

January 22, 2026

Business·Markets·News

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

In a bid to curb illegal currency trading and stabilize the Nigerian currency, the Economic and Financial Crimes Commission (EFCC) intensified its efforts, conducting raids on Bureau De Change (BDC) operators across major cities including Abuja, Lagos, Kano, and Port Harcourt. The

May 15, 2024

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Markets·News

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

The recent increase in the exchange rate for customs duty collection to N1,441.53 to the USD has sparked concerns among stakeholders, coming at a time when the naira is experiencing significant depreciation. This new figure represents an increase of N61 from the

May 5, 2024

Naira Ends Week With N59.71 Gain At Official Market

Business·Markets·News

Bureaux De Change Operators Urge CBN To Lower Exchange Rate

The Association of Bureaux De Change Operators of Nigeria (ABCON) has made a pressing appeal to the Central Bank of Nigeria (CBN) to consider adjusting its applicable exchange rate. ABCON’s National President, Aminu Gwadabe, emphasized the need for a lower exchange rate

April 8, 2024

Exchange Rate For Customs Cargo Clearance Declines To N12go/$1 As CBN's Reforms Stabilize Forex Market

Business·Finance & Economy·Markets·News

Exchange Rate For Customs Cargo Clearance Declines To N1260/$1 As CBN’s Reforms Stabilize Forex Market

The exchange rate for Nigeria Customs Services’ cargo clearance has plunged, now standing at N1260.49/$ compared to N1330/$ in recent days. This drop of approximately N70 per clearance is a testament to the strengthening position of the naira in the foreign exchange

April 5, 2024

Business·Markets·News

Why Prices Of Commodities Won’t Drop Immediately Due To Exchange Rate Gains, says Expert

Financial Derivatives Company, led by renowned financial expert Bismarck Rewane, has indicated that the gains in foreign exchange rates won’t swiftly translate into reduced commodity prices, despite efforts to stabilize the exchange rate. Olayemi Cardoso’s tenure as the governor of the Central

March 29, 2024

How Nigerian Govt Can Generate N10trn From Non-oil Assets Annually – Tax Panel Chair

Business·News

Oyedele Assures Nigerians Of Exchange Rate Reformation By December

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed plans by the Federal Government to introduce new foreign exchange rules that promise to bring the naira closer to its “true value.” Speaking to Bloomberg on Monday,

October 31, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Exchange Rate Falls In Official Market, As Dollar Loses Value

The Naira appreciated in value on Tuesday, 11 April 2023, as the cost of buying a Dollar in the official foreign exchange market fell by N0.35 kobo. According to FMDQ Exchange data, the Naira appreciated by 0.07 per cent to close at

April 12, 2023

Business·Currency

Dollar To Naira Rate Hits N461.50kobo In Official Market, Drops In Black Market

The United States Dollar appreciated against the Nigerian currency, Naira, on Monday, 27 March 2023, as the exchange rate closed at N461.50 kobo in the official market. Both currencies had exchanged for N461.33 kobo/$1 last week Friday. This indicates the Naira weakened

March 28, 2023

Naira Gains More As Exchange Rate Drops To N1,300/$1 At Official Market

Business·Currency

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

FMDQ Exchange, the official foreign exchange (Forex) rate tracker, has revealed that the Dollar rate in the widow backed by the Central Bank of Nigeria (CBN) closed at N462/$1 on Tuesday, 21 March 2023. According to the official market data obtained by Prime

March 22, 2023

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exchange rate

Nigeria Government Offers ₦900bn Bonds Amid Rising Borrowing Costs

EFCC Raids Speculators In Abuja, Lagos Others As Naira Continues To Depreciate

Customs Duty: Naira Depreciation Worsens As Exchange Rate Hits N1,441.53/$1

Bureaux De Change Operators Urge CBN To Lower Exchange Rate

Exchange Rate For Customs Cargo Clearance Declines To N1260/$1 As CBN’s Reforms Stabilize Forex Market

Why Prices Of Commodities Won’t Drop Immediately Due To Exchange Rate Gains, says Expert

Oyedele Assures Nigerians Of Exchange Rate Reformation By December

Exchange Rate Falls In Official Market, As Dollar Loses Value

Dollar To Naira Rate Hits N461.50kobo In Official Market, Drops In Black Market

Naira Falls To Dollar, As CBN’s 18% MPR Set To Affect Imported Goods

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