Currencies

In a recent report, Goldman Sachs analysts suggest the Naira "looks cheap" on a REER basis in a historical context.

The Nigerian unofficial market rate appreciated by about 1% to close at N1,610 to the dollar on Thursday, while the...

The official market witnessed a slight gain in the value of the Naira against the US Dollar, reversing the downward...

Egypt has successfully negotiated an expansion of its International Monetary Fund's (IMF) bailout package to $8 billion, following the government's...

Spot FX market turnover in January 2024 was $4.37 billion (N4.03 trillion), representing a Month-on-month (MoM) decrease of 40.46% ($2.97...

The Naira reversed course yesterday, falling at the official window after rising for four days in a row despite the...

The official exchange rate of the naira against the dollar ended its three-day winning streak, falling by 4.26% to N1602.43...

The parallel market exchange rate has experienced a substantial decline, reaching a low point of N2050 per Great Britain Pound...

The exchange rate between the naira and the dollar strengthened for the third consecutive day, closing at N1,534.9/$1 on the...

The Naira exhibited a positive trend against the US Dollar in the official market, concluding the week at N1,548.25/$1.