Naira Weakens in Official Market Amid U.S. Dollar Recovery
The Nigerian Naira experienced a slight decline in value at the official foreign exchange market on October 30, 2024, coinciding ...
Tag: Currency Market
Naira Falls Back to Normal Range Against Dollar, Closes at N1,484.75
In a shift that tempered earlier optimism, the Nigerian naira depreciated against the dollar for the second consecutive day, closing ...
Dollar Strengthens Against Euro, Yen, and Yuan: Factors Behind the Surge
The global financial markets are witnessing an unexpected force in 2024: the resurgence of the US dollar. With the US ...
Data Reveals CBN’s Limited Intervention in Naira Defense
Recent data from the FMDQ Securities Exchange has shed light on the Central Bank of Nigeria's (CBN) approach to defending ...
Euro Challenges 1.1000 Against US Dollar Amidst Uncertain Monetary Policies.
The Euro faced resistance beyond the 1.1000 mark against the US Dollar on Wednesday, prompting a retreat to the 1.0990 ...
Navigating Turbulent Waters: Canadian dollar is vulnerable external stocks
From where some financial experts stand, the risks in the Canadian economic landscape are currently skewed towards the upside, and ...
Yen Weakens Beyond 150 Against the Dollar, Raising Concerns of Currency Intervention
The Japanese yen briefly weakened beyond 150 against the US dollar, sparking concerns of potential currency intervention by Japanese authorities. ...
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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