Monday, October 2, 2023
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Forex Earnings Surges As Trade Surplus Hits N2.22tn

BUSINESS & ECONOMY
Nigeria's foreign exchange profits increased in the first six months of 2023, as the country's trade surplus increased to N2.22 trillion. This occurred as the...

Naira Increases By 4.5% Despite FX Backlog Payment

BUSINESS & ECONOMY
The value of the Nigerian naira increased by more than 4.5% on Thursday at the Investors and Exporters foreign exchange (FX) market as demand...

Naira Drops 3.57% As Forex Sales Increases To $65m

BUSINESS & ECONOMY
According to FMDQ statistics, the Nigerian naira dropped 3.57% to increased foreign currency demand at the Investors and Exporters window. The amount of US...

Naira Surges High As FX Transactions Settle At $64m

BUSINESS & ECONOMY
The Nigerian naira climbed somewhat on Tuesday as the amount of foreign currency (FX) transactions at the Investors and Exporters window closed at over...

Naira Falls To N747.87 As FX Inflows Drops

BUSINESS & ECONOMY
The Nigerian naira fell down to N747.87 per US dollar (USD) on Monday as statistics from FMDQ Exchange indicated that FX inflows through the...

Naira Sells For N740 As ‘Invisible Hands’ Boost FX Supply

BUSINESS & ECONOMY
Last week, the naira traded at N740.38 after an invisible hand increased FX supply in the Investors and Exporters window. Despite the fact that...

Naira Value Drops Admist New US Dollar Inflow

BUSINESS & ECONOMY
Despite a minor influx of foreign currency (FCY) into external reserves, the Nigerian naira gave up the struggle to recoup losses experienced against the...

DMO Sells N406bn T-bills In July

CAPITAL MARKET
In July 2023, the Debt Management Office (DMO) auctioned off treasury notes for N406.10 billion. The value of T-bills sold across its auctions in June...

Naira Rises By 5% As CBN Releases Info On FX Sale

BUSINESS & ECONOMY
The Nigerian naira has recovered from its August losses as the apex bank's price verification system goes live today, August 31, 2023. According to...

FX Reform Causes Naira Drop Against Dollar

BUSINESS & ECONOMY
Exchange rates in Nigeria's foreign currency markets deteriorated on Tuesday due to the country's persistent lack of US dollars. As a result, the difference...

Naira Falls Across FX Markets As External Reserves Drops

BUSINESS & ECONOMY
The Nigerian naira had a difficult week in the foreign exchange (FX) markets, losing substantial value versus the dominating US dollar and other foreign...

Nigeria Eurobonds Surges Higher, Yields Drop

BUSINESS & ECONOMY
The Nigerian government Eurobonds' average yield continued its decline as international debt market interest remained strong. A shift in the foreign debt market has...
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