Market Watch

The Central Bank of Nigeria (CBN) has shared some happy news. In July 2024, they got a lot more money sent into Nigeria from other countries, reaching $553 million. This is a big 130% jump compared to July 2023.This...

People who trade money say the naira is getting weaker and the exchange market is always changing because the Central Bank of Nigeria (CBN) doesn't always give Bureau De Change (BDC) operators dollars regularly.BDC operators admit that when the...

The Dangote Group, which owns many businesses, got a big chunk of money in the latest Central Bank of Nigeria (CBN) auction. They managed to buy $105.33 million in foreign exchange (FX) bids. This makes up about 13% of...

Nigeria’s $500 Million Domestic Dollar Bond The Nigerian government is offering a $500 million dollar bond...

In the past week, the Naira had trouble keeping at N1,600 in the official foreign exchange (FX) market, even though the US Dollar index was at its lowest level since January. According to FMDQ...

The Nigerian foreign exchange (FX) market saw less activity in early August 2024. This happened at the same time as the Central Bank of Nigeria (CBN) held a Retail Dutch Auction. ...

In the first half of 2024, Nigeria's federal, state, and local governments made around N2.74 trillion from exchange rate gains.This information comes from reports by the Federation Account Allocation Committee (FAAC), shared by the National Bureau of Statistics (NBS).Gains...

Nigeria's money saved from the rest of the world has gone down by about $342.97 million in just nine days.This information comes from the Central Bank of Nigeria (CBN).The small drop in Nigeria’s savings happened right before the government...

The value of the naira, Nigeria's money, went up to N1,570 for $1 on Thursday. This was on the Nigerian Autonomous Foreign Exchange Market (NAFEM). It means the naira got stronger by 2.47%...

The Nigerian Government is getting ready to offer a special type of bond called a dollar bond next Monday. They hope to collect $500 million from people inside and outside Nigeria. This information was shared by Dr....