Currencies

Rising U.S. yields bolstered the dollar index while adding pressure on inflation-prone currencies like the Nigerian naira.

The World Bank has highlighted factors that could lead to a decline in remittance inflow to Nigeria and other countries...

Nigeria emerged as a major recipient of diaspora remittances in Sub-Saharan Africa, capturing approximately 35% of the region’s total inflows...

 Nigeria's exchange rate closed June 2024 at N1,503.3/$1, marking a 1.3% depreciation for the month. 

The Central Bank of Nigeria (CBN) has introduced revised guidelines to allow Deposit Money Banks (DMBs) to deposit excess foreign...

Most inexperienced Forex traders lose over 90% of their money before giving up.

The Nigerian Autonomous Foreign Exchange Market, NAFEM, is set to record its lowest foreign exchange (FX) turnover in five months...

Nigeria's external reserve rose hit a new milestone in June rising to $34.07 billion,the highest level since March 2024.

The naira has weakened further against the dollar on Wednesday, closing at N1,507.83/$1, based on the latest data from the...

The naira moderated by 71 basis points in the official market amid increased pressure from the U.S. dollar index, showing...