CBN Approves BDC Participation in Nigerian Foreign Exchange Market
The Central Bank of Nigeria (CBN) has approved the participation of licensed Bureau De Change (BDC) operators in the Nigerian ...
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Tag: #ForexMarket
Naira Holds Firm Near ₦1,390/$ as January Trading Ends on a Strong Note
The Nigerian Naira maintained its strong performance against the United States Dollar as it entered the final trading session of ...
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Naira Opens 2026 Stronger, Trades at N1,430.84/$ on Improved FX Stability
The naira began the first trading day of the New Year on a positive note, appreciating to N1,430.84 per dollar ...
Read moreNaira Holds Steady Against Dollar at Official and Parallel Markets
The Naira remained stable against the United States Dollar across the official Nigerian Foreign Exchange Market (NFEM) and the parallel ...
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Naira Records Strongest Gain of 2025, Appreciates to ₦1,421.73/$ in October
The naira recorded its strongest appreciation of 2025 at the close of October, strengthening to ₦1,421.73 per dollar at the ...
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CBN Denies Allocating $1.259bn for Fuel Importation in Q1
The Central Bank of Nigeria (CBN) has dismissed reports claiming it allocated $1.259 billion for the importation of refined petroleum products in ...
Read moreCBN Injects $4.1bn into FX Market in H1 2025 to Defend Naira
The Central Bank of Nigeria (CBN) injected a total of $4.1 billion into the foreign exchange (FX) market in the ...
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Nigeria’s FX Reserves Increase by USD337.89 Million, Naira Appreciates by 3.0% w/w at NAFEM
Nigeria’s foreign exchange (FX) reserves recorded an accretion this week, with the gross reserves level increasing by USD337.89 million week-on-week ...
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