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FMDQ Exchange

Naira Falls Against Dollar Across FX Markets

Naira Falls As US Dollar Strengthens Following Trump’s Victory

Nigerian Naira has depreciated significantly as the US dollar strengthened against other world currencies following the victory of Donald Trump at the 2024 presidential election. Trump, 78, secured over 270 votes required to win the number one seat in the White House.

November 7, 2024

Business·Markets·News

FMDQ Exchange Records N30.63trn Secondary Market Turnover In July

FMDQ Exchange Sees Significant Growth in Secondary Market Turnover The FMDQ Exchange experienced a notable surge in secondary market turnover in July 2024, reaching N30.63 trillion. This increase represents a month-on-month (MoM) rise of 7.78%, amounting to N2.21 trillion, and an impressive

August 27, 2024

Business·Markets·News

FMDQ FX Turnover Surges To $793 Million Amid Market Dynamics

Last week saw a surge in the turnover at the FMDQ Securities Exchange, reflecting a notable uptick of 17% to reach $793 million. This surge, indicating resilience amidst market dynamics, reveals interesting insights into Nigeria’s financial landscape. Experts analyzed the data from

November 20, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

The official market aggregator, FMDQ Exchange, reported that the naira to dollar exchange rate closed at N772.12/$1 in the Investors’ and Exporters’ (I&E) window of the official market on Monday. According to the report, the authorised dealers raised the exchange rate between

August 29, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Forex Traders Drop Prices Of Dollar, Pound, Euro In Official Window, Black Market

In the official window and the black market on Tuesday, the naira appreciated in value, as the rates of the dollar, pound and euro fell. According to FMDQ Exchange, at the end of trading, the dollar rate settled at N471.67, dropping slightly

June 14, 2023

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

The Naira to Dollar rate closed Monday’s official foreign exchange market at N463.5 kobo/$1, with the Nigerian currency depreciating by 0.10 per cent. Investors and exporters were offered the Dollar at N0.5 kobo more than the N463 they bought the American greenback

May 23, 2023

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FMDQ Exchange

Naira Falls As US Dollar Strengthens Following Trump’s Victory

FMDQ Exchange Records N30.63trn Secondary Market Turnover In July

FMDQ FX Turnover Surges To $793 Million Amid Market Dynamics

Authorised Dealers Increase Dollar Rates In Black Market, Official Window

Forex Traders Drop Prices Of Dollar, Pound, Euro In Official Window, Black Market

Black Market Naira To Dollar Rate Falls, USD Cost Rises In Official Market

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