Foreign Exchange Archives

Forex revenues hits new high as trade surplus reaches N2.22trn

Nigeria’s foreign exchange earnings increased in the first six months of 2023, as the country’s trade surplus increased to N2.22 trillion. According to The Punch, the country was looking for new ways to boost its earnings from foreign exchange earnings. New data from the National Bureau of Statistics show that Nigeria’s overall import bill was […]

bfatoyepdnlimited-com
8th September 2023
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Ban on styrofoam, satchet alcohol to worsen employment - NECA

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NECA urges FG to increase forex inflow

The Nigeria Employers Consultative Association has urged the Federal Government should take a multifaceted approach, including dealing with oil theft, to increase foreign exchange inflows and strengthen the Naira. According to Vanguard, in a press conference announcing the upcoming 2nd edition of the Employers’ Summit in Lagos yesterday, the Director General of NECA, Mr. Wale-Smatt Oyerinde, suggested […]

bfatoyepdnlimited-com
27th June 2023
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Naira drops N462 against dollar at official market

The Naira-to-US Dollar exchange rate at the Investors and Exporters window decreased to N462.33 per dollar on Tuesday which represents a 0.14 per cent drop from the previous trading session’s closing rate of N463 per one dollar. This information was reported in Nairametric’s daily currency update, which was compiled from FMDQ Exchange. According to the […]

oojopdnlimited-com
3rd May 2023
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Naira to fall N500 against dollar - NESG

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Naira hits lowest amid external reserve decline

The Nigerian Naira hit its lowest value of the year on the first trading day of April, as the demand for dollars rose while the external reserves declined. Naira depreciated by 0.46 percent on Monday, with the dollar quoted at N463.50 at the Investors and Exporters forex window, which is Nigeria’s official foreign exchange market, […]

oojopdnlimited-com
4th April 2023
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Minister of Aviation, Hadi Sirika, during a State House Briefing in Aso Villa

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Forex scarcity: Jet fuel, airline fares increase, says aviation consultant

The continuous increase in airfares has been attributed to the rising cost of aviation fuel and the scarcity of foreign exchange in the country. According to The Punch the current price of aviation fuel, also known as JET A1, ranges between N790 and N800 per litre. Airline operators have indicated that CRJ and Embraer flights […]

oojopdnlimited-com
3rd April 2023
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FBN Insurance targets 1m customers in one year

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Banks slash travel allowance, foreign school fees over FX shortage

Deposit Money Banks have slashed the amount their customers can apply for Personal Travel Allowance and schools fees as the foreign exchange worsens. Lenders have been forced to take drastic measures to meet their dollar obligations in recent times because of the shortage of foreign exchange. Some DMBs have sent emails to their customers on […]

oojopdnlimited-com
15th March 2023
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Dangote Refinery IPO to open within 12 days

PZ Cussons’ profit surges 349% on asset disposal

NAICOM certifies Sovereign Trust Insurance under recapitalisation drive

Nigeria, IEA deepen energy cooperation with new joint

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Dangote Refinery IPO to open within 12 days

FAAN raises concern over e-hailing operators’ ill-treatment of Airport

PZ Cussons’ profit surges 349% on asset disposal gains

BREAKING: Nigeria’s external reserves cross $54bn, first time in

Tag: Foreign Exchange

Forex revenues hits new high as trade surplus reaches N2.22trn

NECA urges FG to increase forex inflow

Naira drops N462 against dollar at official market

Naira hits lowest amid external reserve decline

Forex scarcity: Jet fuel, airline fares increase, says aviation consultant

Banks slash travel allowance, foreign school fees over FX shortage

Dangote Refinery IPO to open within 12 days

FAAN raises concern over e-hailing operators’ ill-treatment of.

PZ Cussons’ profit surges 349% on asset disposal.

BREAKING: Nigeria’s external reserves cross $54bn, first time.

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