Foreign exchange Archives

FX spot, derivative turnover dips by 52.9 per cent as equities shed 1.1%

Foreign exchange (FX) spot and derivatives markets turnover for the week ended April 5, 2024, was $918.15 million, representing a decline of 52.9 per cent ($1,030.53 million) from $1,948.68 million recorded on

3 months ago

Business·Business News

FG investigating $2.4bn unauthorized FX transactions – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has revealed that law enforcement agencies have begun an investigation into the $2.4 billion worth of unauthorized foreign exchange (FX) transactions.

3 months ago

National·News·Nigeria

FG investigating $2.4bn unauthorized FX transactions – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has revealed that law enforcement agencies have begun an investigation into the $2.4 billion worth of unauthorized foreign exchange (FX) transactions.

3 months ago

National·News·Nigeria

FX spot market turnover rises by 85.6 per cent on FMDQ

Foreign Exchange spot and derivatives markets recorded a turnover of $1,641.18 million for the week ended March 22, 2024, representing an increase of 85.6 per cent ($756.88 million) from $884.3 million achieved

3 months ago

Business·Capital Market

FX spot market turnover rises by 85.6 per cent on FMDQ

Foreign Exchange spot and derivatives markets recorded a turnover of $1,641.18 million for the week ended March 22, 2024, representing an increase of 85.6 per cent ($756.88 million) from $884.3 million achieved

3 months ago

Business·Capital Market

Nigeria: Finally, hot money is here

It is no longer news that the continued collapse of the naira in the foreign exchange (FX) market is already eliciting desperate and panicky measures from the monetary authorities.

4 months ago

Columnists·Opinion

Nigeria: Finally, hot money is here

It is no longer news that the continued collapse of the naira in the foreign exchange (FX) market is already eliciting desperate and panicky measures from the monetary authorities.

4 months ago

Columnists·Opinion

Estimators peg exchange rate at N1400/$ as naira finds fair value

After a riotous February, naira seems to be on a new price-discovery path even as multiple estimates agree the currency is currently trading below its “fair value”, suggesting a significant appreciation that

4 months ago

Business

Estimators peg exchange rate at N1400/$ as naira finds fair value

After a riotous February, naira seems to be on a new price-discovery path even as multiple estimates agree the currency is currently trading below its “fair value”, suggesting a significant appreciation that

4 months ago

Business

Consumers switch to used gadgets as FX crisis worsens tech adoption

The protracted foreign exchange (FX) crisis has found expression in computer hardware and software, cutting consumer electronics importation by as much as 45 per cent.

4 months ago

National·News·Nigeria

Foreign exchange - Page 2

Foreign participation in Nigeria’s stock market dips to 11%

FX spot, derivative turnover dips by 52.9 per cent as equities shed 1.1%

FG investigating $2.4bn unauthorized FX transactions – Cardoso

FG investigating $2.4bn unauthorized FX transactions – Cardoso

FX spot market turnover rises by 85.6 per cent on FMDQ

FX spot market turnover rises by 85.6 per cent on FMDQ

Nigeria: Finally, hot money is here

Nigeria: Finally, hot money is here

Estimators peg exchange rate at N1400/$ as naira finds fair value

Estimators peg exchange rate at N1400/$ as naira finds fair value

Consumers switch to used gadgets as FX crisis worsens tech adoption

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Foreign exchange - Page 2

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