Currencies
Naira Weakens to Four-Year Low as Nigeria’s Dollar Push Fails
Nigeria’s currency weakened to a four-year low in the parallel market after the central bank’s efforts to coax banks to...
Read moreAVERAGE MONTHLY EXCHANGE TO NAIRA ANALYSIS
The monthly average exchange rate of the naira per unit of foreign currency shows how naira fairs in relation to...
Read moreNaira falls at official market despite 44.3% increase in dollar supply
Monday 19th July 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at...
Read moreNaira gains at black market
Naira gained marginally against the U.S. dollar at the parallel market on Monday after witnessing a slight depreciation in the...
Read moreCRYPTO MARKET BOUNCES BACK AHEAD OF ELON MUSK’S ‘B WORD’ APPEARANCE
Bitcoin has bounced back from a monthly low on Tuesday, with its price returning above $30,000 on Wednesday after once again...
Read moreDogecoin breaks below 20 cents, as co-founder slams crypto industry
Dogecoin, the popular crypto asset known for having powerful supporters including Elon Musk and Mark Cuban, has plummeted immensely with...
Read moreCBN warns against naira abuse
The Central Bank of Nigeria has frowned on continued abuse of currency note by the general public, especially during weddings...
Read moreEmefiele informs foreign investors Naira exchange rate value is N430-440/$1
The Governor of the Central Bank of Nigeria, Godwin Emefiele advised investors in the U.K that he expects the true...
Read moreNaira losing strength as ex-CBN director faults new FX measures
The naira is losing its resistance against the dollar a few days after it gained some margin at the parallel...
Read moreIMF asks CBN to harmonise FX rates for market clearance
The International Monetary Fund (IMF) has called for the adoption of the Nigerian Autonomous Foreign Exchange (NAFEX) window for official...
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