Exchange Rate & Currency

Dollar to Naira: “Naira to Stabilise at N1,555 to the Dollar,” Rewane projects

Dollar to Naira: “Naira to Stabilise at N1,555 to the Dollar,” Rewane projects

At the Access Bank Customer Forum held in Lagos on Thursday, Bismarck Rewane, Managing Director of Financial Derivatives Company, made… Read More

10 months ago

Saudi Arabia to Invest $5 Billion in Egypt, Forex Strategy Contrasts With Nigeria’s

Egypt announces it is set to receive $5 billion in investments from the Saudi government. The announcement was made by… Read More

11 months ago

Kingsley Moghalu, “I No Longer Talk on the Nigerian Economy; It’s A Dialogue with the Deaf”

Dr. Kingsley Moghalu, Nigerian political economist and former Deputy Governor of the Central Bank of Nigeria (CBN), has announced his… Read More

11 months ago

Naira Gains Momentum Ahead of U.S. Inflation Report

The Nigerian Naira has shown recovery against the U.S. dollar in anticipation of key U.S. inflation data. With the Naira… Read More

11 months ago

Naira holds steady at N1600/$ despite FX market improvements

The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country's foreign… Read More

11 months ago

Naira to dollar: Naira gains 0.6% in official market as turnover drops

On Monday, the Naira appreciated at the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange,… Read More

12 months ago

CBN sells $122.7 million to 46 dealers in FX market stabilisation effort

Key Points The Central Bank of Nigeria (CBN) sold $122.7 million to 46 authorised dealers to stabilise the foreign exchange… Read More

1 year ago

Naira gains as Nigeria’s FX reserves hit $34.7bn

Key Points Nigeria's foreign exchange reserves reach new high of $34.7 billion Reserves gained $110 million in 24 hours and… Read More

1 year ago

Bulls lead N25.72bn market gain despite Naira’s fall to N1,509.45/$

Key Points Market Rebound: The Nigerian equity market gained five basis points, closing at 100,067.77 points after a previous decline.… Read More

1 year ago

Naira trading shows mixed performance, closes at N1,510 in parallel market, N1,508.99 at NAFEM

Key Points Parallel market closes at N1,510 NAFEM closes at N1,508.99 Volume of trading dropped by 34.9 per cent The… Read More

1 year ago