Nigeria foreign exchange market – Page 2 of 2

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

Customs Forex Duty Rate Drops Again By 3% As Naira Strengthens Further

The Nigeria Customs exchange rate for calculating import duty at the nation’s ports has decreased further by 3 per cent on the back of continuous appreciation of the naira in the foreign exchange market.

March 27, 2024

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

Business·Currency

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

The Nigerian local currency, the naira, has dropped again to ₦1,602.43/$1 after three consecutive days of trading below the ₦1,600/$1 mark in the official foreign exchange market window. According to data published by the FMDQ, the value of the naira dropped on

March 6, 2024

Business·News

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

As the Central Bank of Nigeria (CBN) continues with its reforms of the foreign exchange market, it has reduced the number of Bureau De Change (BDC) operators to almost what it was in 2009.

March 2, 2024

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Business·Currency·News

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

CBN has released a document containing revised regulatory and supervisory guidelines for Bureau De Change (BDC) Operations in Nigeria.

February 24, 2024

Business

Nigeria’s Exchange Rate Will Soon Stabilise, Bagudu Assures Investors

Minister of Budget and Economic Planning, Atiku Bugudu, has assured investors that the exchange rate will soon stabilise following the president and Central Bank of Nigeria's economic reforms.

January 15, 2024

Business·News

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the country is expecting an inflow of $10bn in Foreign Exchange in the coming weeks. He stated this in his speech on Monday during a panel session

October 24, 2023

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business·Currency

Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

Forex Market witnessed a surge in turnover, totaling $53.02 million, following the Central Bank of Nigeria's decision to lift the ban on 43 items.

October 15, 2023

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

The persisting foreign exchange crisis in Nigeria which has seen the naira fall to a record low, especially in recent time, will continue unless the country comes up with an effective strategy to boost production and increase exports, says Pat Utomi, a

August 24, 2023

Business·Currency

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

The Dollar was sold at N462.73 kobo on the official foreign exchange market and N745/$1 in the black market on Thursday, 11 May. Traders saw the Naira they exchanged for the Dollar depreciate by 0.06 per cent in value, as the price

May 12, 2023

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Nigeria foreign exchange market - Page 2

Customs Forex Duty Rate Drops Again By 3% As Naira Strengthens Further

Naira Drops To ₦1,602.43/$ After 3-Day Winning Streak In Official Market

Forex Crisis: CBN Prunes Down Number Of BDCs To Almost 2009 Level

CBN Issues New Guidelines For BDCs Operations In Nigeria, Bars Financing Political Activities With Dollars

Nigeria’s Exchange Rate Will Soon Stabilise, Bagudu Assures Investors

Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis

Official Forex Market Sees $53.02m Surge As Nigeria Lifts Ban On 43 Items

Nigeria’s FX Crisis Will Continue Until We Scale Up Production For Export’

Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets

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