On Thursday, it was reported that the naira appreciated a little against the United States dollar at the Nigerian Autonomous Foreign Exchange Market to close at N1,498.25/$ from N1,503.38/$ that was r...
The Central Bank of Nigeria (CBN) today imposed a limit on how much local banks can hold in foreign currencies. It expressed concern about the increase of forex exposures on its balance sheet followin...
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On Thursday, the foreign exchange (FX) market opened with the dollar trading at N1,135 at the parallel market. This rate was the same as how the market closed on Wednesday.An operator in the black mar...
The demand on the foreign exchange (FX) market worsened on Wednesday as the naira fell to N1,140/$ at the parallel market. This shows that the country's currency added N110 in just a few hours. On Mon...
The naira on Thursday depreciated to its worst ever since the negative trend began. At the parallel market, it reads 1,050/$ due to the shifting of the CBN Monetary Policy Committee meeting.On Wednesd...
Bloomberg reports that Nigeria's Finance Minister, Olawale Edun, announced that the fall in the naira was because of the overdue forward payments in the foreign exchange, which totaled $6.8 billion.&n...
In Monday's trading session, the cryptocurrency market witnessed a significant decline, resulting in more than $164 million worth of crypto assets being liquidated within 24 hours. Notably, Bitcoin's ...
The stock markets of 2023 have exceeded expectations, defying the predicted economic recession and stock decline. Despite regional bank failures and increasing interest rates, the US economy continues...
Aliko Dangote, the renowned Nigerian business tycoon, has once again emerged as Africa's wealthiest individual, holding this prestigious title for an unprecedented 12 consecutive years. A Decline...
Recent reports from S&P Global Commodity Insights have revealed that the Nigerian crude oil industry is facing a significant setback due to the emergence of a cheaper alternative. Blending two cru...