FMDQ data

Naira Strengthens by N6.45 Against Dollar

Dec 28, 2024. by Ekohot Editor

Dollar To Naira Rate For Today - July 22

Naira Strengthens to N1,534/$ Post-Christmas Holiday Parallel Market: Naira Closes at N1,650/$ on Friday FX Turnover Hits N23.95 Trillion in November The Nigerian naira appreciated against the US dollar in the foreign exchange market following the resumption of work after the Christmas holidays. According to FMDQ data, the naira strengthened to N1,534 per dollar on … Read more

Forex Market Sees Lowest Turnover Since January as Naira Exceeds N1,600/$1

Aug 7, 2024. by Ekohot Editor

The FMDQ forex market recorded a turnover of just $61.9 million, marking the lowest since January 2024. This figure is the second-lowest daily average turnover this year, following the $59.6 million recorded on January 8, 2024. EKO HOT BLOG learnt that in January, forex turnover was notably low as the central bank grappled with strategies … Read more