Money Market News
Naira Weakens to 1690.37/$ as Dollar Supply Declines
The naira experienced a sharp depreciation on Monday, dropping 2.31% to 1690.37/$ at the National Autonomous Foreign Exchange Market (NAFEM),...
Read moreBargain Hunting Boosts Nigerian Stock Market Amid Mixed Trading Activity
The Nigerian Exchange Limited (NGX) concluded last week on a positive note, driven by strong bargain-hunting activity that helped offset...
Read moreBilateral Trade Between Nigeria and China Reaches $15 Billion in 2024
Bilateral trade between Nigeria and China has surged to $15.1 billion from January to September 2024, marking a significant economic...
Read moreFitch Predicts Naira to Depreciate to N1,993/USD by 2028
Fitch Solutions has projected that the Nigerian naira will continue its decline, potentially reaching N1,993 per US dollar by 2028....
Read moreAsian Markets Slide as China’s Economic Support Measures Disappoint
Asian stock markets declined on Monday after China’s long-awaited economic support plan failed to meet investor expectations, while Bitcoin hit...
Read moreBanks Granted Flexibility to Trade Foreign Currency Deposits Under New CBN Guidelines
The Central Bank of Nigeria (CBN) recently released new guidelines allowing commercial, merchant, and non-interest banks more flexibility in managing...
Read moreAsian Markets and Bitcoin Rally Amid Tight US Presidential Election
Asian markets saw gains on Wednesday, while the dollar and bitcoin also climbed, as early results from the tightly contested...
Read moreNigeria’s Net Forex Inflow Jumps by $17 Billion in Q2 2024 Amid Currency Pressures
Nigeria's net foreign exchange (forex) inflows surged by $17 billion in the second quarter of 2024, marking a 49.39% increase...
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Foreign Inflows to Nigerian Exchange Plummet to Lowest in 2024
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The Silent Budget Crisis: Why Nigeria’s 2025 Fiscal Year Hangs in the Balance
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Fed Policy and Market Outlook 2025: A Shift in Dynamics
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Naira Weakens to 1690.37/$ as Dollar Supply Declines
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Nigeria Unveils $28 Billion Spending Plan for 2025 Budget