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Nigeria foreign exchange market

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 CBN made this known in a document titled ‘Frequently Asked
August 8, 2025
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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, 24 June, from N1,548.52 traded on Monday. This shows that
June 25, 2025

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 to 26.14% in 2024. According to an analysis of the
April 7, 2025
Naira Ends Week With Marginal Gain Against Dollar

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 and Exchange platform on its financial market activities. The foreign
December 29, 2024
IMG
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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 values; it’s essential to incorporate advanced financial tools and frameworks
September 20, 2024
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