Market

The Nigerian stock market showed resilience yesterday. The All-Share Index (ASI) recovered from the previous day's decline, rising by 310.13 points. Index Movement: The ASI increased by 0.32%, closing at...

Curious about the current exchange rate for the US Dollar to the Nigerian Naira on the black market, also referred to as the parallel market (Aboki fx)? Here is the...

The naira is under intense pressure as parallel market operators are quoting a buy price above N1,600/$1 for those looking to buy dollars. As of Thursday, July 18, 2024, platforms...

The naira started Friday's session on a downward trajectory against the British pound sterling, surpassing the N2,000 mark. Meanwhile, the pound hit a four-month high against the US dollar, driven...

The naira depreciated to a new low in July, closing at N1,563.80/$1 on Friday, July 12, 2024, after a brief appreciation period the previous day. According to data from the...

The Federal Government of Nigeria, via the Debt Management Office, has commenced the sale of its Savings Bond to retail investors, offering lower returns than the auctions of the past...

The naira-dollar exchange rate hit a six-week low on Monday, closing at N1,490.2/$1, just N10 short of N1,500/$1. This decline, reported by the FMDQ, marks the lowest point since May...

For the first time since early May, the price of Bitcoin has dropped below $60,000. This follows news that next week, creditors of Mt. Gox will begin collecting repayments in...

For the first time in almost three years, British inflation reached its objective of 2% in May; yet, significant underlying price pressures virtually exclude a reduction in interest rates before...

The Nigerian naira has held steady within the N1500 range against the US dollar at the parallel market, while the US Dollar Index surpassed 105 index points. Nigeria’s high inflation...