Market

The local currency experienced a significant rebound yesterday, appreciating notably against the dollar, propelled by recent interventions by the Central Bank of Nigeria (CBN), as reported by Daily Trust. From...

Parallel market traders are quoting a buy price of N1400 for every dollar, indicating a notable strengthening of the naira. Recent findings suggest that the exchange rate has been upward...

The Nigerian Autonomous Foreign Exchange Market (NAFEM) showcased a remarkable surge on Tuesday, concluding the trading day at N1560.57 per dollar. This signifies a noteworthy appreciation of N36.67 or 2.35%...

The Nigerian naira has maintained stability, settling at N1,615 against the US dollar across official and parallel markets. This stability comes amidst the Central Bank of Nigeria's (CBN) recent adjustment...

One type of currency that only exists digitally is called cryptocurrency. In addition to being used as an investment, cryptocurrency may be used to make payments online without the need...

The Naira holds steady above N1,600 against the US Dollar, offering a glimmer of relief to traders amidst lingering uncertainties. In the official market, the Naira demonstrated resilience, edging up...

Newly listed stock, Transcorp Power, its parent company, Transcorp and FBN Holdings were the major drivers of the N194bn gain the market capitalisation of the Nigerian Exchange recorded on Tuesday....

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...