Egypt announces it is set to receive $5 billion in investments from the Saudi government. The announcement was made by
Dr. Kingsley Moghalu, Nigerian political economist and former Deputy Governor of the Central Bank of Nigeria (CBN), has announced his
The Nigerian Naira has shown recovery against the U.S. dollar in anticipation of key U.S. inflation data. With the Naira
The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country’s foreign
On Monday, the Naira appreciated at the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange,
Key Points The Central Bank of Nigeria (CBN) sold $122.7 million to 46 authorised dealers to stabilise the foreign exchange
Key Points Nigeria’s foreign exchange reserves reach new high of $34.7 billion Reserves gained $110 million in 24 hours and
Key Points Market Rebound: The Nigerian equity market gained five basis points, closing at 100,067.77 points after a previous decline.
Key Points Parallel market closes at N1,510 NAFEM closes at N1,508.99 Volume of trading dropped by 34.9 per cent The
Key Points The Central Bank of Nigeria (CBN) allows eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX)
She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira’s
In a concerning development for Nigeria’s economic landscape, the Naira has plummeted to a three-week low, concluding at N1,488.60 per
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