The local currency experienced a significant rebound yesterday, appreciating notably against the dollar, propelled by recent interventions by …
Market
Parallel market traders are quoting a buy price of N1400 for every dollar, indicating a notable strengthening of …
The Nigerian Autonomous Foreign Exchange Market (NAFEM) showcased a remarkable surge on Tuesday, concluding the trading day at …
The Nigerian naira has maintained stability, settling at N1,615 against the US dollar across official and parallel markets. …
One type of currency that only exists digitally is called cryptocurrency. In addition to being used as an …
The Naira holds steady above N1,600 against the US Dollar, offering a glimmer of relief to traders amidst …
Newly listed stock, Transcorp Power, its parent company, Transcorp and FBN Holdings were the major drivers of the …
After a three-day upward trend, the official exchange rate of the naira against the dollar took a significant …
The U.S. dollar index is poised to register its first weekly decline in 2024, while the Nigerian naira …
- Market
Currency Volatility: Intra-Day High Hits N1,755/$1 on Persistent Demand Pressure
by Harry ChomsOn February 21, 2024, the Nigerian Naira experienced a significant depreciation against the US dollar, reaching an intra-day …