Currencies
Nigeria's daily parallel market exchange rate tracker
DMO sold treasury bills valued at N406.10 billion in July- Report
The Debt Management Office (DMO) sold T.bills valued at N406.10 billion across its auctions in July 2023.
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Naira falls despite a weak dollar, trades at N925/$ at black market
The Naira weakened significantly against the US dollar on the official market on Tuesday, market rates published on the FMDQ...
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Analysis: Oil and gas stocks post massive returns after fuel subsidy removal
In the context of the effect on specific sectors, the oil and gas sector still recorded growth amidst the impact...
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Fuel Price Increase: Marketers flummoxed as naira depreciation erodes gains of falling oil prices
Fuel marketers in Nigeria are highlighting the potential for gasoline prices at fuel stations to increase as the value of...
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Fuel subsidies removal and exchange rate unification: How the Oil and Gas sector has fared
Just three months following the "subsidy has been removed" directive and the unification of the exchange rate, businesses, sectors, industries,...
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Video: JP Morgan statement on $3.7billion is misleading
The Director of Monetary Policy at the Central Bank of Nigeria, Dr. Hassan Mahmud, has raised concerns about the numbers...
Read moreDetailsCBN to JP Morgan: Your $3.7 billion estimate of Nigeria’s FX reserve is misleading
The Central Bank of Nigeria (CBN) has criticized JP Morgan's recent estimate of Nigeria's foreign exchange reserves, calling it a...
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BDCs hint forex market will begin to see, capture diaspora remittances
ABCON has assured that the Nigerian economy will begin to see and capture the diaspora remittances when the Central Bank...
Read moreDetailsNaira resumes slide at P2P market once again, trades as low as N910/$
In the P2P market, the Naira fell as low as N910 against the dollar on Wednesday morning before moderating to...
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Exchange rate falls to N900/$1 as operators ask ‘where is the dollar’
The exchange rate between the naira and the dollar plummeted to N900/$1 on the black market, based on quotes received...
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