The Central Bank of Nigeria (CBN) has recently made a notable announcement regarding the Nigerian Foreign Exchange (FX) market. In a market notice, the CBN stated that it will be changing the terminology used in reference to the Investors’ and…
The exchange rate between the naira and the US dollar closed at N416.75/$1 at the official Investors and Exporters (I&E) window, falling lower compared to N416.67/$1 recorded in the previous trading session. The exchange rate depreciated further by 0.02% to…
Nigeria recorded a transaction value of $32.3 billion in forex turnover in 2021 on the Investors and Exporters Window (I&E) where forex is sold officially. This is according to data on the FMDQOTC collated daily over the last two years…
Nigeria recorded a transaction value of $1.1 billion in trades on the Investors and Exporters Window (I&E) where forex is sold officially. This is according to data on the FMDQOTC. Trading values on the I&E window has increased in recent…
