Currencies
Nigeria's daily parallel market exchange rate tracker
Exchange rate gains at official market as forex turnover records boost
The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at...
Nigeria’s poor internet connection could spell difficulty for eNaira transactions – Report
The eNaira's acceptability has been hampered by a lack of reliable mobile networks and the restricted availability of internet-enabled devices....
Nigerian forex holders and speculators set to gain from global market turmoil
Billionaires, forex market speculators, and anyone holding a significant pile of dollars are set to benefit from the global market...
FMDQ reverses action, reports exchange rate daily on its website
FMDQ, the major source for tracking official exchange rate in Nigeria has resumed the publication of the Investors and Exporters...
As eNaira strives, US explores the pros and cons of CBDC
Nigeria took a bold step to become the first country to launch a CBDC in Africa. Following this advancement, numerous...
FMDQ delays reporting official exchange rate denying Nigerians of vital information
The major source for tracking the official exchange rate in Nigeria, the FMDQ, has stopped publishing the official (I&E Window)...
Naira falls to N581/$1 at peer-to-peer parallel market
Naira has fallen to a record low at the peer-to-peer (P2P) parallel market to trade for as high as N581.1...
eNaira lags, as China’s digital yuan completes $13.68 billion transactions
The People’s Bank of China's digital currency has completed cumulative transactions of 87.57 billion yuan ($13.68 billion) since its inception....
CBN says attractive US securities led to 32% plunge in foreign capital inflow to Nigeria
The Central Bank of Nigeria (CBN) has stated that the attractiveness of securities in the international financial market, particularly in...
Currency traders prepare for interest rate hikes as US dollar hangs on
Investors are bracing up for the US Federal Reserve's meeting in January as expectations are raised it will hold several...
