Wednesday, June 12, 2024
MARKET UPDATE
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Tag "Foreign exchange"

Naira appreciates at parallel market, depreciates marginally at official window

    Naira appreciates at parallel market, depreciates marginally at official window

The naira appreciated marginally at the parallel section of the foreign exchange (FX) market on Monday. At the Lagos street market, currency traders, also known as bureau de change (BDC)

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Naira appreciates to N1,490/$ at parallel market, depreciates at official window

    Naira appreciates to N1,490/$ at parallel market, depreciates at official window

The naira further appreciated to N1,490 at the parallel section of the foreign exchange (FX) market on Friday. The current FX rate represents a 0.7 percent or N10 increase from

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Naira gains at official window, depreciates at parallel market

    Naira gains at official window, depreciates at parallel market

The naira depreciated to N1,510 against the dollar at the parallel section of the foreign exchange (FX) market on Friday. The current FX rate signifies a decline of 0.33 percent

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Naira halts rally at parallel market, extends gains at official window

    Naira halts rally at parallel market, extends gains at official window

The naira reversed the appreciation streak at the parallel section of the foreign exchange (FX) market on Wednesday. The naira maintained an upward trend from May 17 to May 20

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CBN: IMTOs identified charges, volatile FX rates as challenges faced in Nigeria

  CBN: IMTOs identified charges, volatile FX rates as challenges faced in Nigeria

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says international money transfer operators (IMTOs) have identified charges and

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CBN records $282m as diaspora remittances in Q1 2024

  CBN records $282m as diaspora remittances in Q1 2024

Nigeria recorded $282.61 million as total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024. This is

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Naira depreciates further at parallel market, trades at N1,520/$

  Naira depreciates further at parallel market, trades at N1,520/$

The naira depreciated to N1,520 per dollar at the parallel section of the foreign exchange (FX) market on Monday. This

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With N3 difference, parallel/official FX rates near convergence

  With N3 difference, parallel/official FX rates near convergence

The naira depreciated to N1,470 per dollar at the parallel section of the foreign exchange (FX) market on Friday. The

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Naira depreciates at parallel market, appreciates at official window

  Naira depreciates at parallel market, appreciates at official window

The naira depreciated further to N1,430 at the parallel section of the foreign exchange (FX) market on Monday. The FX

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FX transactions: CBN directs fintechs to halt registration of new customers

  FX transactions: CBN directs fintechs to halt registration of new customers

Two Nigerian fintech companies have paused enrollment of new customers following a directive from the Central Bank of Nigeria (CBN).

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