Exchange Rate Archives — Page 2 of 2

May 13, 2022 No Responses

Again, Naira Depreciates Against Dollar

The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday. The open indicative rate closed at N416.50 to the dollar on...

April 15, 2022 No Responses

FX Repatriation: CBN Releases N3.5b Incentive To Exporters

The Central Bank of Nigeria (CBN) has released N3.5 billion rebate incentive to various exporters who sold goods through the Importers and Exporters Window. The CBN Governor, Mr Godwin Emefiele, made the announcement at the Bankers’ Committe...

February 8, 2022 No Responses

FG Lists $4b Eurobonds On FMDQ Exchange

FMDQ Securities Exchange Ltd. has announced the listing of the Federal Government of Nigeria’s four billion dollars Eurobonds under its global medium-term note programme on its platform. This is contained in a statement by FMDQ Exchange made available ...

November 16, 2021 No Responses

Seplat Confirms Exchange Rate To Determine Interim Dividend For Q3

Seplat Energy Plc has confirmed the currency exchange rates to be applied in determining the interim dividend for the third quarter of 2021. The Company’s Chief Financial Officer, Mr Emeka Onwuka, disclosed this in a notice sent to the Nigerian...

October 12, 2021 No Responses

Osinbajo Clarifies View On Exchange Rate

Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande, has made clarifications on Vice President Yemi Osinbajo’s view on the naira exchange rate. Akande, in a statement on Tuesday, explained that the...

August 11, 2021 No Responses

Markets Remain Cautious Amid Delta Fears

By Lukman Otunuga, Senior Research Analyst at FXTM — It may be a relatively quiet week for Nigerian markets due to the absence of Tier 1 economic reports. Nevertheless, the developments outside of Nigeria could impact sentiment ahead of the...

June 10, 2021 No Responses

ANLCA Faults CBN On Increase In Cargo Clearance Exchange Rate

The increase of customs exchange rate for cargo clearance by the Central Bank of Nigeria (CBN) is coming at a wrong time, the Association of Nigerian Licensed Customs Agent (ANLCA) has said. The Chairman of Tincan Island Chapter of ANLCA, Mr.....

May 19, 2021 No Responses

Investors Lose N148b As ABC Transport Top Gainers’ Table

The Nigerian Exchange (NGX) market capitalisation dropped further by N148 billion, extending bearish run to two consecutive trading sessions. Specifically, the market capitalisation which opened at N20.487 trillion shed N148 billion or 0.72 per cent to c...

February 18, 2021 No Responses

NTA To Display NSE Ticker Tape

Investors and viewers of the Nigerian Television Authority (NTA) stations will now be able to see the daily price information of securities trading on the Nigerian Stock Exchange (NSE). The NSE Chief Executive Officer, Mr Oscar Onyema, said this at...

January 29, 2021 No Responses

CBN Commits N50b To Reposition Nigeria’s Commodity Exchange

The Central Bank of Nigeria (CBN) is committing N50 billion to reposition the Nigeria Commodity Exchange (NCX), CBN Governor, Mr Godwin Emefiele, has said. Emefiele, who disclosed this, on Thursday, at an inaugural meeting of the Steering Committee ...

March 21, 2020 No Responses

Nigeria Devalues Currency, Explains Uniform Exchange Rate

The Central Bank of Nigeria (CBN) on Friday devalued the naira to N380 to a dollar and adopted a unified exchange rate. Under the arrangement, the apex Bank pushed the official rate of the naira to N376 to dollar for...