Speculators moan their losses as the naira gains N95/$ in less than a week
In a striking reversal, the naira demonstrated newfound strength against the dollar within the peer-to-peer (P2P) market, opening at N855/$...
FX Speculators post heavy losses as the naira gains N55/$, exchanged below N890/$
Naira appreciated in the P2P market when it broke below the N900 price on Binance in the early hours of...
Binance Connect Shuts Down services as Crypto market stays red
In a notable turn of events that sent shockwaves across the cryptocurrency community, Binance, a prominent player in the crypto...
Financial statements shouldn’t be a standalone analysis and investment tool
In an ideal business landscape, investors would rest assured, and feel confident that a company's financial statements reflect a true...
Time running out for President Tinubu to wake the sleeping naira
Residents of Africa's largest economy finally seem to be exasperated as the exchange value of the naira continually loses value...
Crypto market turns red again, as SEC appeals against Ripple
The cryptocurrency market has once again slipped into the red zone, with a notable trigger being the revelation of the...
Growing disparity between U.S. dollar index and naira performance as FX traders anticipate US inflation data
The Nigerian Naira has experienced a decline against the US Dollar on the parallel market due to a surge in...
Saudi Arabia and Russian Crude production cuts: Petrol Prices could surge above N700/Liter by September
The escalating fuel costs are a result of crude oil prices that have tripled in the past eight weeks, driven...
Black market exchange rate quotes to N895/$1, disparity with I&E Window widens to N120/$
The exchange rate between the naira and dollar was quoted for as high as N895/$1 on the black market, the...
USDT surplus reserves reach $3.3 billion in Q2
Tether, the issuer of the USDT stablecoin, released its consolidated reserves report for Q2, showing consolidated assets of at least...
