Tuesday, May 14, 2024
MARKET UPDATE
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TheCable

Tag "Foreign exchange"

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 according to data obtained from the website of the Central

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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 signifies a 3.4 percent decline from the N1,470/$ traded on

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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 current FX rate represents a 1.38 percent depreciation from 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 rate represents a 4.38 percent drop from N1,370 traded on

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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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Naira depreciates further at parallel market, trades at N1,260/$

  Naira depreciates further at parallel market, trades at N1,260/$

The naira on Monday depreciated further to N1,260 per dollar at the parallel section of the foreign exchange (FX) market.

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‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

  ‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate.

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Naira strengthens in parallel market, trades at N1,150/$

  Naira strengthens in parallel market, trades at N1,150/$

The naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market. Currency

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Cardoso’s last card

  Cardoso’s last card

On March 21, 2024, I made a post on X (formerly Twitter), saying it was a good time to give

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Naira appreciates against dollar at official window, parallel market

  Naira appreciates against dollar at official window, parallel market

The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The

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