Money Market News
US Dollar Index Reaches 2-Year High as G5 Currencies Weaken; Naira Remain Resilient
The US Dollar Index (DXY) surged to its strongest level in two years, closing at 107.74 points on December 18,...
Read moreABCON Enforces Business Hour Regulations for BDC Operators
The Association of Bureau De Change Operators of Nigeria (ABCON) has mandated its members to strictly adhere to business hours...
Read moreForex Market Turnover Hits $43bn, Naira Performance Mixed in November
The Nigerian Foreign Exchange Market (NAFEM) saw a significant 61.9% year-on-year increase in dollar turnover, reaching $43.09 billion in the...
Read moreNigerian Equity Market Reverses Recent Gains, Records N63bn Loss
The Nigerian equity market began the week on a bearish note, reversing its recent upward momentum with a market capitalization...
Read moreA Twist of Fate: Why the Naira is Experiencing a Strong Recovery Across All Markets
The Nigerian naira has staged a remarkable recovery across all foreign exchange markets, appreciating significantly against major global currencies. This...
Read moreNaira Strengthens Against Euro at Parallel Market Amid Forex Reforms
The Nigerian naira has recorded notable gains against the euro in the parallel market, trading at N1,690/€, compared to N1,852/€...
Read moreForex Turnover in NAFEM Soars 61% to $43 Billion Amid Naira’s Mixed Performance
The Nigerian Foreign Exchange Market (NAFEM) recorded a significant increase in dollar trade volume, with turnover rising by 61.9% year-on-year...
Read moreNigeria Raises $2.2 Billion Through Eurobond Auction to Address Budget Deficit
In a significant financial development, Nigeria successfully raised $2.2 billion through its latest Eurobond auction. The funds, secured through the...
Read moreCBN Introduces N100,000 Daily Cash-Out Limit for POS Transactions
Petrol Pump Price Remains N1,025 Despite Dangote Refinery’s Price Reduction
NBS Denies DSS Arrest of Statistician-General, Debunks Reports
Debt Servicing and Salaries Dominate Nigeria’s 2025 Budget with N24.8 Trillion Allocation
Diaspora Remittances Surge by 61%, Says CBN