Naira depreciates to N1,415/$ in parallel market
The Naira experienced depreciation against the US Dollar in both the parallel and Nigerian Foreign…
Category: Currency
Naira closes 1,402/$ at official market as dollar demand persists
In the initial trading session of May at the NAFEM window, the Naira experienced a…
Naira depreciates against Dollar, hits N1,234 at official market
The value of the Nigerian naira dropped against the United States dollar, reaching N1,234 at…
Why dollar is battering euro, Japanese yen and Chinese yuan
The resurgence of the US dollar has caught global financial markets off guard in 2024,…
Stable Naira appreciation expected to ease Inflation
Analysts predict that the recent stability in Nigeria’s foreign exchange market, along with the strengthening…
We now buy dollars at N980, sell at N1020 – BDCs president
Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria, revealed…
Naira appreciates to N1,270 in parallel market
Today, Tuesday, the Naira showed signs of appreciation against the dollar in both the parallel…
Naira recovery now tackle inflation — BDCs
The Association of Bureaux de Change Operators of Nigeria has highlighted the positive impact of…
Naira appreciates to N1,280 against Dollar on parallel market
The naira’s upward trajectory continues as the US dollar is currently trading at N1,280 on…
Super-sized liquidity returns to Nigeria’s FX market as daily trades near $1bn
Nigeria’s foreign exchange market experienced its highest turnover in a single day since 2017 on…
Naira strengthens as dollar supply increases at official market
Following the Central Bank of Nigeria’s (CBN) decision to raise key interest rates, the Naira…
Yen on intervention watch; Asia shares creep higher
The yen remained near its weakest levels in decades on Thursday, but the threat of…
Naira Strengthens To N1400/$ At Parallel Market
Parallel market operators are now quoting a buy price of N1400/$1 for individuals looking to…
Yen Strengthens Against Dollar Despite BOJ Policy Shift
The yen saw gains against the dollar on Monday amidst indications that the Bank of…
Egyptian pound stable after devaluation, IMF deal
Egypt’s currency remained stable at around 49.5 pounds to the dollar as the market opened…
Naira Strengthens to N1,534.9/$1 on Third Consecutive Day
yThe exchange rate between the naira and the dollar continued its upward trend for the…
Foreign Exchange: Market Records $584m Increase
The official Nigeria Autonomous Foreign Exchange Market witnessed a substantial boost, reaching $584 million in…
Banks Rush to Sell Excess FX Holdings Ahead of CBN Deadline
Commercial banks in Nigeria were in a frenzy on Thursday as they worked tirelessly to…
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN)…
Dollar Gains Ground as Market Awaits U.S. Inflation Report
The U.S. dollar experienced a broad uptick on Monday, reflecting subdued risk appetite as investors…
NNPC and Marketers Clash Over Petrol Subsidy, PMA Proposes N1,200/Litre
Tensions have risen between the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers, represented…
Canadian Dollar Weakens Against USD Amidst Robust Greenback and Investor Caution
The Canadian dollar, known as the “loonie,” has experienced a 0.5 percent decline against the…
Canadian Dollar Weakens Against US Dollar, Influenced by Robust USD Dominance
The Canadian dollar, also known as the “loonie,” has experienced a 0.5 percent decline against…
Dollar Holds Near Six-Month Highs Amid Inflation Concerns and Fed Hawkishness
The dollar has stabilized near six-month highs, as ongoing signs of inflation in the United…