Currencies
U.S. Presidential Election: Currency Markets Await Global Rate Cuts
Currency markets worldwide are currently experiencing a deep freeze, with traders and investors eagerly anticipating global interest rate cuts and...
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Naira Surges Against Dollar: Hits N1278.58/$1 at Official Window, N1250/$1 on Parallel Market
The naira witnessed a notable surge against the US dollar during Tuesday's trading session, marking significant gains both at the...
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Customs FX Rate for Import Duties Surpasses Official Market Rate, Reaching N1,330/$
The current exchange rate for customs import duties and cargo clearance payments has surpassed the official foreign exchange market rate...
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Naira Dilemma :Analyzing CBN’s Strategies to Revive the Naira Value
In the face of unprecedented challenges posed by the rapid depreciation of the Nigerian naira, the Central Bank of Nigeria...
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Dollar Steadies in European Markets Amid Sterling’s Rise on Positive PMI Figures
In European trading on Tuesday, the U.S. dollar remained stable, hovering close to its recent four-month peak, buoyed by robust...
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Daily Forex Turnover Reaches Record High of $857 Million as Naira Strengthens
On Thursday, March 28th, the daily forex turnover surged to an all-time high of $857 million, marking a significant milestone...
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Dollar Exchange Allegedly at N900/$ in Abuja
This morning, reports emerged of unprecedented chaos at the popular Bureau De Change (BDC) spots in Zone 4, Abuja. According...
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CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate...
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Naira Strengthens to N1,400 on Parallel Market, N1,408 on Official Window
On Tuesday, the naira experienced a further appreciation in value at the parallel segment of the foreign exchange (FX) market....
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CBN Executes FX Sale to BDCs at Rate of N1,251 per Dollar
The Central Bank of Nigeria (CBN) has announced the commencement of the second tranche of sales of foreign exchange (FX)...
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