Naira Appreciating Faster Than Expected: BDCs Buying Dollars at N980/$, ABCON Confirms
In a notable development for Nigeria's foreign exchange market, the Association of Bureau De Change Operators of Nigeria (ABCON) has ...
Tag: dollar
Dollar Firm as Tensions Rise in Middle East, U.S. Rate Hike Expectations Intact
Amidst escalating tensions in the Middle East and the anticipation of stubbornly high U.S. interest rates, the dollar remained firm ...
Naira Strengthens, Trading Below N1000 Against Dollar at Certain Segment of the Market
In the face of escalating geopolitical tensions and increased demand for safe-haven assets triggered by an Iranian strike on Israel, ...
Naira Sustains Bullish Stance Despite Dollar’s Aggressive Gains
Amidst the dollar's recent robust performance, the Nigerian naira steadfastly maintained its bullish trajectory this week, bolstered by lingering concerns ...
Naira Surges Against Dollar: Hits N1278.58/$1 at Official Window, N1250/$1 on Parallel Market
The naira witnessed a notable surge against the US dollar during Tuesday's trading session, marking significant gains both at the ...
Dollar Exchange Allegedly at N900/$ in Abuja
This morning, reports emerged of unprecedented chaos at the popular Bureau De Change (BDC) spots in Zone 4, Abuja. According ...
CBN Orders BDCs to Sell Dollar at N1,269/$ as Naira Maintains Steady Appreciation
The Central Bank of Nigeria (CBN) has instructed Bureau de Change (BDC) operators to sell the dollar at a rate ...
Goldman Sachs Predicts Naira to Trade at N1200 Against the Dollar in 2024
US-based investment bank Goldman Sachs has forecasted an optimistic outlook for the Nigerian currency, the Naira, predicting it will appreciate ...
Naira Strengthens as Banks and Forex Traders Sell Dollar Below N1,600
The Naira experienced a varied performance against the United States dollar in the foreign exchange markets, with gains noted in ...
Dollar Crashes Against Naira on Binance Trading at N1,415/$ Amid CBN Directives to BDCs
The US dollar has experienced a significant decline against the Nigerian naira on the cryptocurrency exchange platform Binance, sparking considerable ...
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