Market

Despite a notable 60% surge in the volume of dollars traded in the foreign exchange market the previous day, the pressure on the dollar continued, reports Daily Trust. Data from...

Despite Binance, the world's largest crypto exchange, settling a colossal $4.3 billion with U.S. authorities for alleged violations of money-transmitting and sanctions laws, the Naira remains steadfast in the cryptocurrency...

On November 23, 2023, forex turnover witnessed a substantial increase of 61.86%, reaching $198.21 million. The Nigerian naira continued its depreciation against the US dollar at both the official and...

The Naira faced a decline against the U.S. dollar in both the official and parallel markets on Tuesday, following a brief gain recorded in the official market the previous day....

In a significant turn of events on Friday, November 17, 2023, the Nigerian naira showcased substantial appreciation against the dollar, concluding at an impressive N791.75/$1 at the official market. Experts...

Market activity experienced a subdued tone as the Nigerian Exchange Group (NGX) closed flat, with the All-Share Index (ASI) gaining a marginal 0.02% to settle at 71,025.16 points. While the...

Despite Nigeria's headline inflation rate rising to 27.33% in October, up from 26.72% in September 2023, the naira gained against the U.S. dollar in the official market, closing at N818.99/$1....

The Chairman of the Nigerian Exchange Group (NGX), Dr Umaru Kwairanga, has provided insights into an ambitious plan for dual listing with the Saudi Exchange, shedding light on the pivotal...

The Nigerian naira experienced a substantial appreciation against the dollar, reaching a new monthly high of N780.14/$1 at the official market on November 10, 2023. This marked a remarkable gain...

In a surprising turn of events, the Nigerian naira has reached a new all-time low, closing at N996.75 per dollar in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). Concurrently,...