Attractive U.S yields add pressure on Nigerian naira
Rising U.S. yields bolstered the dollar index while adding pressure on inflation-prone currencies like the Nigerian naira.
Rising U.S. yields bolstered the dollar index while adding pressure on inflation-prone currencies like the Nigerian naira.
Most inexperienced Forex traders lose over 90% of their money before giving up.
The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing...
The cryptocurrency market is experiencing increasing losses following its second-worst weekly decrease in 2024.
The naira traded in the N1500 range against the greenback at the parallel market, while the U.S. dollar index rallied...
Nigerian crude contracts were little changed on Friday but were set to rise for a second week amid signs of...
The naira maintained the N1500 bandwidth against the dollar at the parallel market, while the U.S. dollar index broke higher...
Naira weakened in the official market while Nigeria's headline inflation readings rose to a three-decade high in May, worsening the...
Bank traders account for 92% of all Forex trading activity.
The naira posted some gains against the greenback as the dollar index moderated significantly while market players awaited America's inflation...