Market

President Bola Tinubu has pledged to maintain the momentum in strengthening the Naira against major currencies, assuring Nigerians of its sustainability. This assurance was conveyed by Ajuri Ngelale, the Special...

The Naira-to-dollar exchange rate rose to N1,431/$, bringing the week to a close on a positive note. According to data from the FMDQOTC, where the exchange rate is officially set,...

Chief Financial Officers (CFOs) of Nigerian companies are grappling with significant losses stemming from the devaluation of the naira, prompting them to seek alternative revenue streams to mitigate these losses....

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....