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naira

FEATURED Latest Money TOP STORIES 

Naira heads to two-month low on lower dollar liquidity

May 11, 2024 Markets Reporters 0 Comments dollar liquidity in Nigeria, FMDQ, naira

The decline in dollar liquidity has dragged the Nigerian currency to the lowest since March 20 on the official market,

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FEATURED Latest Money TOP STORIES 

Naira extends gain against dollar despite forex liquidity drop

April 8, 2024April 8, 2024 Markets Reporters 0 Comments FMDQ, FX market liquidity, naira

The naira gained further last week despite the over 50 percent decline in liquidity in the foreign exchange market. The

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FEATURED Latest Money TOP STORIES 

Naira plunges as FX market liquidity drops

November 4, 2023November 4, 2023 Markets Reporters 0 Comments FMDQ Group, FX market liquidity, naira

The naira weakened at a faster pace against the dollar this week on the official market as liquidity declined. The

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FEATURED Latest Money TOP STORIES 

Naira weakens further against dollar across markets

October 12, 2023October 12, 2023 Markets Reporters 0 Comments dollar scarcity in Nigeria, naira

The Nigerian currency extended its decline against the United States dollar on Wednesday on both the official and parallel markets

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FEATURED Latest Money TOP STORIES 

Naira rises against dollar, FX market turnover falls

October 8, 2023October 8, 2023 Markets Reporters 0 Comments FMDQ Securities Exchange, FX market turnover, naira

The naira pared some of its recent losses against the dollar last week, even as the turnover in the foreign

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FEATURED Latest Money TOP STORIES 

Naira will appreciate to 900/$ before December: Rewane’s FDC

October 7, 2023October 7, 2023 Markets Reporters 0 Comments Bismarck Rewane, Financial Derivatives Company, naira

The naira will strengthen to 900 per dollar on the parallel market before December, analysts at Financial Derivatives Company Limited

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FEATURED Latest Money TOP STORIES 

More firms tap futures contracts as naira dips further against dollar

May 13, 2023May 13, 2023 Markets Reporters 0 Comments FMDQ Group, FX futures contracts, naira, naira-dollar exchange rate

The value of FX futures contracts traded this week between banks and their clients jumped more than eightfold as the

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Economics FEATURED Latest TOP STORIES 

Naira will weaken to 500 per dollar by Dec: Fitch

May 12, 2023May 12, 2023 Markets Reporters 0 Comments BMI Research, Fitch Solutions company, naira, naira devaluation

Naira is expected to weaken to 500 per dollar on the official market at the end of this year, BMI

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FEATURED Latest Money TOP STORIES 

Naira ends lower as FX market turnover drops 21%: FMDQ

May 6, 2023May 6, 2023 Markets Reporters 0 Comments FMDQ Group, FX market turnover, naira

The naira weakened further against the dollar this week on the official market as the turnover for trades between banks

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FEATURED Latest Money TOP STORIES 

Naira ends weaker against dollar in first week of 2023

January 7, 2023January 7, 2023 Markets Reporters 0 Comments FMDQ Group, naira, naira-dollar exchange rate

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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