Naira breaks one-month winning streak, weakens on official market
The Nigerian currency fell against the dollar on Thursday for the first time in one month, reversing some of its
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FMDQ Group
Naira plunges as FX market liquidity drops
The naira weakened at a faster pace against the dollar this week on the official market as liquidity declined. The
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FX futures markets sit idle amid naira freefall
With the naira’s depreciation showing no signs of abating amid the scarcity of dollars in Nigeria, the foreign exchange futures
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CBN to resume offer rates quotation for FX futures Monday
The Central Bank of Nigeria will resume the quotation of offer rates for FX futures contracts on Monday, according to
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FX forward, futures contracts surge amid naira devaluation
The demand for foreign exchange forward and futures contracts surged this week as the naira saw a significant decline against
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FX futures contracts gain ground on naira weakness
As the naira weakened further against the dollar this week, more users of foreign exchange turned to futures contracts as
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More firms tap futures contracts as naira dips further against dollar
The value of FX futures contracts traded this week between banks and their clients jumped more than eightfold as the
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Naira ends lower as FX market turnover drops 21%: FMDQ
The naira weakened further against the dollar this week on the official market as the turnover for trades between banks
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FX futures contracts surge, signal expectation of naira devaluation
As the Nigerian currency continued to wobble against the dollar, the demand for foreign exchange futures contracts soared more than
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Naira ends weaker against dollar in first week of 2023
The Nigerian currency weakened further against the dollar in the official foreign exchange market this week, closing at N461.01/$ on
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