Tag: exchange rate
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Customs faces exchange rate volatility challenges
The Nigeria Customs Service recorded 62 exchange rate changes during the first quarter of 2025, highlighting ongoing currency instability within the trade and importation ecosystem. The Comptroller-General, Adewale Adeniyi, disclosed this at a Tuesday press briefing in Abuja, where he
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Naira depreciates to N1,539.39 per Dollar at official market
The Naira recorded a slight loss at the official market on Wednesday, trading at N1,539.39 per dollar.
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Naira gains N28.85 against dollar at official market
The Naira on Thursday appreciated at the official market trading at N1,658.67 against the dollar. Data from the official trading platform of the FMDQ Exchange, revealed that the Naira gained N28.85.
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BREAKING: Despite hardship, CBN raises Nigeria Customs Duty Exchange Rate to N1658.87/$
Despite the hardship ravaging Nigeria , the Central Bank of Nigeria (CBN) has adjusted the Customs duty exchange rate for clearing goods at the nation’s ports to N1,658.87 per dollar. This change, effective Monday, November 18, reflects a 0.37% increase from the previous week’s rate of N1,652.63 per dollar, impacting importers filing Form M…
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Naira Nosedives to N1,700/$ at parallel market, lowest level in 7 months
The naira nosedived to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared to the N1,675/$ traded on Thursday. The N1,700 per dollar is the lowest the naira has depreciated since February 19, when the naira…
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CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
The Central Bank of Nigeria (CBN), says it has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate of N1,580 to a dollar. This is according to a statement issued by Dr Williams kanaya, the Acting Director, Trade and Exchange Department of the apex bank.
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Naira depreciates against Dollar as CBN begins regular FX sales
The Naira on Friday depreciated at the official market, trading at N1,596.92 to the Dollar.
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Naira appreciates against Dollar after CBN’s directive
The Naira on Thursday appreciated at the official market, trading at N1,566.82 to the Dollar.
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BREAKING: CBN injects more USD into FX market
The Central Bank of Nigeria (CBN) on Thursday approved the sales of $20,000 each to Bureau de Change (BDC) operators in the country.
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Naira loses N13.49 against Dollar at official market
The Naira on Monday depreciated at the official market, trading at N1,577.29 to the Dollar.