Naira Appreciates To N742/$ At Official Market   The naira yesterday appreciated to N742/$ at the Investors and Exporters (I&E) window. The closing rate represents a major rebound from Tuesday’s N768/$ rate. According to report from FMDQ Exchange, the naira opened at N764/$ and traded tightly around...

Forex Turnover In I&E Drops By 35% To $13.11bn In H1, 2023   The foreign exchange segment of the economy was marked by downward trend in the first half of the year, H1’23 reflected in the 35 per cent, year-on-year (YoY) decline in the volume of...

JUST IN: Naira Hits N755/$ as CBN Reportedly Directs Banks to Trade Freely   The Naira is currently trading at N750-N755 per dollar at the Investors and Exporters (I&E) window due to a new policy of the country's monetary authorities. According to sources familiar with the development,...

Forex Turnover In I&E Rises By 78% To $2.5bn   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose by 78.5 per cent, month-on-month (MoM) to $2.5 billion in May 2023 from $1.4 billion the previous...