Currencies

Global markets are currently spooked over the likely effects of the newly discovered Omicron Covid-19 variant, first discovered in southern...

Thursday, 25th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the officially...

Backstory Across every stakeholder spectrum in the Nigerian economy (i.e. investors, consumers, policymakers or economic observers), one persistent recurring topic...

Despite the upsurge in foreign reserves, the Naira is projected to further depreciate in 2022. This is according to projections...

Wednesday, 24th November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the Investors...

Four weeks after the launch of the eNaira, the Central Bank of Nigeria (CBN) stated that it is taking baby...

Tuesday, 23rd November 2021: The exchange rate between the naira and the US dollar closed at N414.8/$1, at the Investors...

Nigeria recorded a current account deficit of $424 million in the second quarter of 2021, dropping to its lowest level...

Naira has lost pace against the US dollar at the parallel market, falling to as low as N560/$1 from N545/$1...

Monday, 22nd November 2021: The exchange rate between the naira and the US dollar closed at N415.07/$1, at the Investors...