Sunday, 22nd May 2022
Breaking News:

Foreign exchange

25 Apr
Naira held firm against convertible currencies in the 1970s, trading at 62 kobo to a dollar in 1973 when Nigeria converted to naira and kobo.
18 Apr
Against the backdrop of debilitating domestic and exogenous shocks to the Nigerian economy in recent years, the foreign exchange market has experienced notable challenges which have elicited the attention of different stakeholders....
23 Feb
The content of the press briefing of the Bankers’ Committee held by the chief executive of the Central Bank of Nigeria on 10 February 2022 at the headquarters of the apex bank in Abuja...
4 Jan
The monetary authority is in a good position to ease foreign exchange (FX) pressure as its coffers have been enhanced by a sizable $7.3 billion liquidity – $4 billion Eurobond issuance
30 Dec
Amid currency crisis and fluctuation in oil prices, the country’s gross foreign reserves dipped by nearly $600 million in December alone. This raises fresh concern about the short to medium-term stability of the foreign exchange market.
30 Dec
The Federal Government says it is working on relevant measures to improve access to foreign exchange (FX) for the importation of raw materials and machines, which could not be sourced locally.
11 Oct 2021
In recent months, developments in the Nigerian foreign exchange market have elicited reactions from stakeholders, some of which reflect understanding while others do not.
28 Sep 2021
For companies listed on the nation’s bourse to improve productivity and make some reasonable level of recovery post-pandemic, experts have charged their directors to streamline business operations
12 Sep 2021
Speculative trading intensified at the parallel market of the foreign exchange market at the weekend, as the naira inches towards N550/$ amidst rising scarcity.
10 Sep 2021
The new foreign exchange (FX) sale template faces a major test, as naira took a major plunge in the last 72 hours. The weeklong crisis at the parallel market worsened, yesterday...
9 Aug 2021
Amid the harsh operating environment, FMDQ Securities Exchange’s activation of market penetration strategy for securities-related services attracted a total of 21 securities
30 Jun 2021
For Nigeria to surmount its liquidity challenges, generate foreign exchange (forex) and remain competitive, there is need to target heavy inflow of foreign direct investment (FDI)


2 hours ago
AC Milan won their first Serie A title in 11 years on Sunday after beating Sassuolo 3-0 in Reggio Emilia to snatch the crown from local rivals Inter Milan on the final day of a thrilling campaign.
2 hours ago
Ralf Rangnick admitted he was relieved Manchester United qualified for next season's Europa League despite their 1-0 defeat against Crystal Palace on Sunday.
4 hours ago
Mohamed Salah and Son Heung-min shared the Premier League Golden Boot on Sunday after both forwards scored on the final day of the season.
4 hours ago
All Progressives Congress (APC) presidential aspirants from Nigeria's southeast, Sunday, rose from a meeting with a resolution to support anyone among them that clinches the party's ticket. The aspirants, including Senator Rochas Okorocha, Senator Ken Nnamani, former Minister of Education (state), Emeka Nwajiuba, former Minister of Science and Technology, Ogbonnaya Onu, Ikeobasi Moleku and Mrs…
6 hours ago
Pep Guardiola said Manchester City's Premier League champions are "legends" who will be "remembered forever" after their thrilling 3-2 win against Aston Villa clinched the title on the last day of the season. Guardiola's side looked set to gift the trophy to second-placed Liverpool after Villa took a shock two-goal lead in the second half…