Market

After a three-day upward trend, the official exchange rate of the naira against the dollar took a significant hit, plummeting by 4.26% to N1,602.43 per US dollar on Tuesday, March...

The U.S. dollar index is poised to register its first weekly decline in 2024, while the Nigerian naira has shown momentum by appreciating in both the official and black markets....

On February 21, 2024, the Nigerian Naira experienced a significant depreciation against the US dollar, reaching an intra-day high of N1,755. This surge in the exchange rate coincided with increased...

The Nigerian Naira experienced a significant depreciation on Wednesday, reaching an all-time low of N1,830 per dollar in the parallel market, commonly known as the black market. This represents a...

The Nigerian equity market continued to bleed for the second consecutive day this week as it lost N730bn on Tuesday. Dangote Cement, MTN Nigeria had dragged the market to a...

The official currency of Canada is the Canadian Dollar (CAD), which can be referred to as "C$," "CAD," or just "CA" to differentiate it from other currencies denominated in dollars....

Under President Bola Tinubu's leadership, Nigeria's economy is continuing to deteriorate, and the naira continued its downward spiral on Monday, falling to N1,700 against the dollar and N2,100 against the...

The foreign exchange crisis in Nigeria deepened on Thursday as the local currency continued to depreciate, with the dollar reaching N1,600 at the parallel market. This decline follows closely on...

After crossing N1,500 in the official market, the dollar fell to N1,499.07 yesterday. It should be noted that the local currency reached an all-time low on Monday, exchanging at 1,534.39/$...

Recent data reveals a staggering 68% decline in the value of the Naira following the implementation of the foreign exchange unification policy. In January 2024, the official foreign exchange rate...