Exchange Rate & Currency

The Dollar weakens as President-elect Donald Trump put Tariffs on hold  

The Dollar weakens as President-elect Donald Trump put Tariffs on hold

In an unexpected turn of events, the U.S. Dollar has weakened against major currencies like the Pound and the Euro… Read More

6 months ago

Naira stability: Nigerian Currency Appears to Have Found Solid Ground

After enduring a dramatic fall against the US dollar, Nigeria's naira appears to be regaining its composure, trading within a… Read More

6 months ago

Telecom Tariffs: “We have Incurred over N900 billion in Forex losses” – MTN CFO, Mr. Modupe Kadri

In a interview on AIT news "Money line with Nancy TV" segment , Mr. Modupe Kadri, the Chief Financial Officer… Read More

6 months ago

Naira’s Freefall is Over – Isaac Marshall

The year 2025 holds significant promise for the stabilization of the Nigerian naira, which has experienced substantial depreciation in recent… Read More

7 months ago

Central Bank of Nigeria Halts Extension of Export Proceeds Repatriation: Tricky Move in Nigeria’s Forex Reform

The Central Bank of Nigeria (CBN) has announced a significant policy shift, suspending the extension of export proceeds repatriation periods… Read More

7 months ago

Investor’s Sentiment Soars as CBN Records 283.42% Oversubscription for 364-Day Treasury Bills

The Central Bank of Nigeria (CBN), acting on behalf of the Debt Management Office (DMO), recorded a staggering 283.42% oversubscription… Read More

7 months ago

Trump Tariffs: China’s Currency Suffers 16-Month Low as 47th American President Prepares to Take Office

The recent decline in China's currency, the renminbi (RMB), to a 16-month low has raised concerns about the impact of… Read More

7 months ago

Seplat To Double Oil Production to 120,000 bpd In Six Months, CEO Says President Tinubu Realises Oil Production Great Way to Support the Naira

Seplat Energy, the Nigerian oil company that recently acquired the local operations of ExxonMobil, has announced plans to double its… Read More

7 months ago

Nigerian Economic Reforms: Baba Gana Kingibe’s “Reforms Are Dead” Vs Tinubu’s No Going Back On Reforms

President Bola Tinubu's inaugural presidential media chat on Monday has sparked mixed reactions among Nigerians. The President's insistence on continuing… Read More

7 months ago

Nigeria’s FX Reforms Face Setback as Parallel Market Divergence Resurfaces- Fitch Report

Nigeria's pursuit of foreign exchange (FX) reforms has encountered a significant challenge as the gap between official and parallel market… Read More

7 months ago