Fx – Crowna'lamode news updates

Naira Hits Record Low Against Dollar: Exchanges at N1,534 in Official Market

The closing exchange rate between the naira and dollar on the official NAFEM market reached N1,534/$1 on Monday, February 12th, 2024, marking the weakest performance ever recorded for the naira…

Feb 13, 2024

business

Fx, naira-dollar

Dollar Sales by Banks Decline as Naira Weakens to 1,479 per Dollar

The total value of transactions recorded at the official Nigerian Autonomous Foreign Exchange Market fell from $465.29m on Tuesday and $203.93m on Wednesday, data obtained from FMDQ Exchange showed on…

Feb 9, 2024

business

CBN, dollar, Fx

Cardoso: We Inherited $7 Billion FX Backlog, Anticipates Clearing $2 Billion Balance Soon

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country will soon be free of its $7 billion foreign exchange (FX) backlog, as $2.3 billion has already…

Feb 5, 2024

business

backlogs, CBN, Fx

CBN Directs Banks to Sell Excess Dollars Within 24 Hours

Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1,…

Feb 1, 2024

business

CBN, dollar, Fx

CBN Warns FX Dealers Against Manipulation as Naira Slides to N1,500.

Amid sustained slide of naira, which currently trades around N1,500 in exchange to a dollar, the Central Bank of Nigeria (CBN) has warned authorised dealers to ensure that transactions are…

Jan 31, 2024

business

CBN, Fx

Naira slides further as dollar shortage hits banks

The widening gap between the demand and supply of dollars in the banks and at the parallel market has continued to worsen the value of the naira. In less than…

Aug 14, 2023

business

currency, dollars, Fx, Naira

Petrol N617: Price may go up again in 45 days, expert warns of bumpy road ahead

Peter Esele is a former President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). With his vast knowledge of the oil industry, Esele speaks on the…

Jul 23, 2023

News

Crude oil, Fx, NNPC, PENGASSAN

Fx

Naira Hits Record Low Against Dollar: Exchanges at N1,534 in Official Market

Dollar Sales by Banks Decline as Naira Weakens to 1,479 per Dollar

Cardoso: We Inherited $7 Billion FX Backlog, Anticipates Clearing $2 Billion Balance Soon

CBN Directs Banks to Sell Excess Dollars Within 24 Hours

CBN Warns FX Dealers Against Manipulation as Naira Slides to N1,500.

Naira slides further as dollar shortage hits banks

Petrol N617: Price may go up again in 45 days, expert warns of bumpy road ahead

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