Currencies
Naira Appreciating Faster Than Expected: BDCs Buying Dollars at N980/$, ABCON Confirms
In a notable development for Nigeria's foreign exchange market, the Association of Bureau De Change Operators of Nigeria (ABCON) has...
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Naira Maintains Strength at Official Market Trading at N1136/$
The Nigerian naira has continued its upward trajectory against the US dollar in the official foreign exchange (FX) market, even...
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Naira Emerges as One of the World’s Top-Performing Currencies
Ratecaptain's latest report reveals a remarkable surge in the performance of the Nigerian naira, positioning it as one of the...
Read moreDollar Firm as Tensions Rise in Middle East, U.S. Rate Hike Expectations Intact
Amidst escalating tensions in the Middle East and the anticipation of stubbornly high U.S. interest rates, the dollar remained firm...
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Naira Strengthens, Trading Below N1000 Against Dollar at Certain Segment of the Market
In the face of escalating geopolitical tensions and increased demand for safe-haven assets triggered by an Iranian strike on Israel,...
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Naira Sustains Bullish Stance Despite Dollar’s Aggressive Gains
Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns...
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CBN begins sales of $10000 FX for N1101/$
The Central Bank of Nigeria (CBN) has announced the sale of foreign exchange (FX) to Bureau De Change Operators (BDCs)....
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Naira Continues 4th Straight Weekly Surge Amid Resistance at Key Support Level
In a promising development, the Nigerian naira continued its upward trajectory, marking its highest level against the dollar since its...
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Nigeria’s Foreign Exchange Reserves Drop by $1.02bn in 18 Days
Nigeria's foreign exchange reserves have experienced a notable decline, decreasing by approximately $1.02 billion over an 18-day period as the...
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BDC Operators Urge CBN to Lower Exchange Rate Amid Rising Disparities
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to...
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