Currencies
Naira depreciated further to N763/$ at the Investors and Exporters Windows.
On Thursday, June 22, 2023, the Investors and Exporters window recorded depreciation in the value of the naira as it...
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Nigeria’s Forex Market Reacts to Exchange Rate Unification.
Nigeria's foreign exchange market has witnessed significant fluctuations since the recent announcement of the unification of all official exchange rate...
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CBN Plans Further Loosening of Controls to Determine New Naira Level
Dr. Kingsley Obiora, the Deputy Governor of the Economic Policy Directorate at the Central Bank of Nigeria (CBN), has revealed...
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JP Morgan Projects Naira to Appreciate and Settle at N600/$.
JP Morgan, the renowned American multinational financial services firm, has expressed optimism regarding the Nigerian currency, projecting an appreciation of...
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US holds interest rates steady for the first since 2022, Assessing Inflation Impact.
The United States central bank, the Federal Reserve, has announced its decision to maintain interest rates at their current levels,...
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The Fate of Bureau De Change Companies in Nigeria Following Exchange Rate Unification.
The unification of the exchange rate in Nigeria is set to have a wide-reaching impact on Bureau De Change (BDC)...
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Kenyan President William Ruto Urges African Nations to Move Away from US Dollar for Intra-African Trade.
In a speech delivered at the Djibouti parliament on Tuesday, Kenyan President William Ruto emphasized the importance of shifting away...
Read moreCBN finally floats the exchange rate
According to reports received by Ratecaptian, the Central Bank of Nigeria (CBN) has given commercial banks and forex market dealers...
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South African Rand Plunges to New Low as Interest Rates Rise
The South African economy has been facing a turbulent period, marked by worsening electricity shortages, rising inflation, and recent allegations...
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Turkish Lira Plunges to Unprecedented Depths as Erdogan’s Power Grasp Shakes Economy to Its Core.
The Turkish lira has reached an all-time low as President Recep Tayyip Erdogan secures his victory in the 2023 presidential...
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