forex supply

Naira Value Appreciates to N1,418.78/$1 at NAFEM Amid Shrink in FX Supply

February 8, 2024

By Adedapo Adesanya The supply of foreign exchange (FX) to the Nigerian Autonomous Foreign Exchange Market (NAFEM) shrank on Wednesday, February 7, though this

Economy

Naira Appreciates to N1,455.59/$1 at Official Market as CBN Barks

February 1, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, January 31, after the

Economy

Bagudu Optimistic New Measures to Tackle Oil Theft Will Boost FX Supply

January 12, 2024

Adedapo Adesanya

By Adedapo Adesanya The Minister of Budget and Economic Planning, Mr Atiku Bagudu, has expressed confidence that the measures taken so far would substantially

Economy

Naira Weakens to N988.46/$1 at NAFEM as FX Supply Shrinks to $15m

January 3, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira got underway in 2024 with an 8.9 per cent or N81.35 depreciation against the Dollar to trade at N988.46/$1

Economy

Naira Sells N806.73/$1 at Official Market Amid 92.9% Jump in Forex Supply

December 6, 2023

Adedapo Adesanya

By Adedapo Adesanya The supply of foreign exchange (FX) into the Nigerian Autonomous Foreign Exchange Market (NAFEM) improved by 92.9 per cent or $68.7

Economy

Naira Appreciates at Official Market, P2P, Falls at Parallel Market

July 6, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira regained a part of its lost ground to the United States Dollar on Wednesday in the Investors and Exporters

Economy

ABCON Raises Alarm Over Forex Supply Shortage from CBN

June 25, 2020

Adedapo Adesanya

By Adedapo Adesanya The Association of Bureau De Change Operators of Nigeria (ABCON) has lamented over the foreign exchange (forex) crisis facing the country,

Economy

CBN Boosts Forex Market with $210m

November 21, 2017

Modupe Gbadeyanka

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) on Monday released a total of $210 million into the foreign exchange market. This was

Economy

CBN Sustains Forex Supply with Fresh $195m

November 14, 2017

Dipo Olowookere

By Dipo Olowookere On Monday, November 13, 2017, the Central Bank of Nigeria (CBN) continued with its weekly supply of foreign exchange (forex) into

Economy

CBN Sustains Forex Supply with Fresh $195m

October 10, 2017

Dipo Olowookere

By Dipo Olowookere Yesterday, the Central Bank of Nigeria (CBN) released another $195 million to the inter-bank foreign exchange market. This was part of

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