Naira Trades For N1,670 Despite Increased Dollar Supply
The Nigerian Naira has taken another hit in both official and parallel foreign exchange markets, with rates declining sharply on […]
Markets
News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.
Naira Trades At 1,498/$ Officially, Hits N1,600 On Black Market As CBN Cracks Down On Forex Operators
The naira made a modest gain against the dollar, trading at N1,498.25/$ at the Nigerian Autonomous Foreign Exchange Market, despite
NGX Sees Second Day Of Growth, Gaining N329 Billion As ASI Climbed By 0.58%
The Nigerian stock market continues its upward trajectory, marking a second consecutive day of gains, with a notable increase of
Naira Hits N1,610/$1: How To Start Earning, Saving in Dollars
The value of the Naira continued its free fall on Thursday as it depreciated to N1,610 to a United States
NGX: Access Holdings’ Shares Gains 1.29% After Monday’s 6.2% Depreciation Amidst CEO’s Death
Access Holdings’ shares have bounced back, reclaiming positive territory after a temporary dip of 6.26% on Monday due to the
Naira Still Above N1,500/$1 Amid Forex Market Reforms By CBN
In a bid to stabilize Nigeria’s fluctuating forex market, the Central Bank of Nigeria (CBN) has implemented sweeping reforms, sparking
Gold Prices Under Pressure As US Dollar Dampens Rate Cut Hopes
In a tug-of-war between inflation data and geopolitical tensions, gold prices struggle to maintain ground below the psychological threshold of
Naira Hits Record Low At N1,534/$1: Economic Turbulence Ahead?
The Nigerian naira plummeted to an unprecedented low of N1,534 against the US dollar on the official Nigerian Autonomous Foreign
NGX Bounces Back With N101bn Gain As ASI Access Holding Declines By 6.26% Amid CEO Tragic Death
The Nigerian exchange demonstrated resilience on Monday, bouncing back from last week’s downturn to register a significant gain of N101
Nigerian FX Market Witnesses 56% Plunge in Transactions Amidst Rising Dollar Demand
The Nigerian Autonomous Foreign Exchange Market (NAFEM) saw a dramatic 56% decline in transaction value, plunging from $465.29 million on