Naira Depreciates to N430.25/$ at the I&E Window as Forex Supply Shrinks by 95%
Thursday, August 11, 2022: The Nigerian Investors and Exporters (I&E) FX Window opened the trading session on a bearish note...
Naira Drops by a Whooping N7 at the Parallel Market
Wednesday, August 10, 2022: The rate at which the naira exchanges for the dollar in the parallel (black) market stood...
NDIC says managers are responsible for bank failures
The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), has stated that banking institutions in Nigeria fail on the back of...
Appreciating Dollar is Having Negative Implications for Nigeria’s Economy
The US dollar has been on the rise since the beginning of the year 2022, appreciating by about 11 percent...
Elon Musk Sells $6.9 Billion Worth of Tesla Shares Amid Chances of a Forced Twitter Deal
Electric vehicle maker Elon Musk has sold $6.9 billion of Tesla Inc shares, saying the move was to prepare funds...
Nigeria’s Gross Foreign Reserve Records the Fourth Decline this Month, Stands at $38.95 Billion
Nigeria’s gross foreign reserve over the last few months has hovered around the $38 billion/$39 billion corridor. Despite the rising...
NUPRC Overrules Buhari on Exxon Deal, Says Status Quo Remains
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has overruled President Muhammadu Buhari’s approval of the acquisition of Exxon Mobil's $1.28...
Naira Declines to N431/$1 at the I&E Window Despite 61% Surge in Forex Supply
Friday, August 8, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed the trading session on a bearish note...
Ethereum bullish after brief correction
The largest crypto, Ethereum, has started to recover in price after the setback it faced last week. Following that, a...
Job Report Prompts Bitcoin’s Rally
As investors flocked to digital assets in the aftermath of positive US jobs statistics on Monday, Bitcoin served as the...
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