Nigeria foreign exchange market

Energy, Exchange Rate, Transportation Top Three Drivers Of Inflation In Nigeria - CBN Survey

CBN Threatens To Sue FX Contract Violators

The Central Bank of Nigeria (CBN) has announced its intention to pursue legal actions against entities found to have violated foreign exchange (FX) forward contract regulations following a comprehensive forensic audit. The

Victor Ezeja

August 8, 2025

Naira Falls Against Dollar Across FX Markets

Business·Markets

Naira Drops Again At Official FX Market

The Nigerian naira has depreciated again at the official market within the week. The Central Bank of Nigeria (CBN) data on foreign exchange showed that the naira dropped to N1,549.04 on Tuesday,

Victor Ezeja

June 25, 2025

Markets

Decline In FX Gain Slows UBA’s Profit Growth

After an impressive period in 2023, which saw the United Bank for Africa (UBA) record an impressive 256.88 percent increase in profit after tax (PAT), the company’s net income growth slowed significantly

Prime Business Africa

April 7, 2025

Naira Ends Week With Marginal Gain Against Dollar

News

Forex Market Turnover Rises By 42.69% To $14.39bn

Foreign exchange market turnover in Nigeria rose by 42.69 per cent month-on-month to $14.39 billion (N23.95 trillion) in November 2024. This is according to the latest Monthly report released by FMDQ Securities

Victor Ezeja

December 29, 2024

Nigerian In Diaspora Laments As Naira Falls By 769% Against Canadian Dollar In 10 Years

Business·Currency·Markets·News

Nigerian Laments As Naira Falls By 769% Against Canadian Dollar In 10 Years

A Canada-based Nigerian, Mr Chinonso Charles, has lamented the steep depreciation of the naira in the foreign exchange market over the years. An analysis of the rate of exchange between naira and

Victor Ezeja

October 5, 2024

Business·Currency·News

Weak Naira: CBN Sells $543.5m To Boost FX Market

The Central Bank of Nigeria (CBN) has announced that it sold a total sum of $543.5 million to authorised dealer banks between 6 – 30 September 2024. According to a statement by

Victor Ezeja

October 5, 2024

FEATURES·Markets

Exchange Rate Fluctuations And Impact On International Trade

By Lolade Akintayo As a financial analyst, analyzing exchange rate fluctuations and their impact on international trade requires a multi-dimensional approach. It’s not just about understanding the broad economic factors driving currency

Admin

September 20, 2024

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Finance & Economy

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Nigeria’s external reserves has surged to $34.07 billion in June. This was revealed in the latest forex reserves data published by the Central Bank of Nigeria (CBN) on its official website. The

Victor Ezeja

June 28, 2024

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

Business·Finance & Economy

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

The foreign exchange (FX) rate for calculating import duties by the Nigeria Customs Service (NCS) has dropped by 23.8 per cent in one month.

Victor Ezeja

April 17, 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 1st July 2025

Business·Currency·Finance & Economy

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Nigeria’s local currency, the naira, has continued to sustain its appreciation, ending the week on a positive note as it marches closer to below ₦1,000 mark in both parallel and official windows

Victor Ezeja

April 13, 2024

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CBN Threatens To Sue FX Contract Violators

Naira Drops Again At Official FX Market

Decline In FX Gain Slows UBA’s Profit Growth

Forex Market Turnover Rises By 42.69% To $14.39bn

Nigerian Laments As Naira Falls By 769% Against Canadian Dollar In 10 Years

Weak Naira: CBN Sells $543.5m To Boost FX Market

Exchange Rate Fluctuations And Impact On International Trade

Nigeria’s External Reserves Rises To $34bn, Highest Since March

Customs Exchange Rate For Import Duties Down By 23.8% In 1 Month

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

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