official market

  1. Nigeria Customs Service: Cargo Clearance FX Rate Plunges Below Market Prices

    Nigeria Nigeria Customs Service: Cargo Clearance FX Rate Plunges Below Market Prices

    Recent updates from the Nigeria Customs Service (NCS) reveal a surprising development in the foreign exchange market, as the exchange rate for cargo clearance has dropped to N1,164.84/$, falling below both official and parallel market rates. This significant shift, reported by Nairametrics...
    • Wakanda
    • Article
    • 2 min read
    • cargo clearance foreign exchange market fx rate naira depreciation nigeria customs service official market parallel market
    • Category: Business
  2. Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar

    Nigeria Naira Loses Ground: Exchange Rate Dips to N1,300.15 Against US Dollar

    Amidst ongoing economic uncertainties, the Nigerian Naira witnessed another downturn on Tuesday, depreciating at the official market to trade at N1,300.15 against the US dollar. Data sourced from the official trading platform of the FMDQ Exchange, responsible for overseeing the Nigerian...
    • Wakanda
    • Article
    • 1 min read
    • exchange rate foreign exchange market nigerian naira official market parallel market
    • Category: Business

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