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Business & Economy

‎Naira strengthens to ₦1,328.28 as FMDQ turnover drops 22%

‎• The naira appreciated 1.86 per cent to average ₦1,328.28 per dollar in September 2026.‎‎• FMDQ Exchange turnover fell 22.09 per cent month...

1 Mins read
Business & Economy

CBN reserves hit $55.6bn as naira gap drops below 2%

‎Three years after a near-collapse in dollar liquidity, the apex bank says Nigeria’s forex market is steadier, with a few warnings attached‎‎‎• The...

1 Mins read
Business & Economy

‎Nigeria’s FX derivatives turnover plunges 41.59% in one week‎

Forward contract activity in Nigeria’s FX market took the hardest hit last week, with derivatives turnover nearly halving as demand for hedging instruments...

1 Mins read
Business & Economy

‎FX spot transactions fall by $606.36 million week on week‎

The bulk of Nigeria’s dollar trading volume shrank last week, as spot market activity recorded its steepest weekly slide in recent data, according...

1 Mins read