Financial Market Update (February 17, 2022)

Why interest rates on treasury bills, bonds crashed

The treasury bills market was mostly quiet, albeit with massive interests seen on the May-2022 maturity.

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

Daily Parallel Market Exchange Rate – ₦475/$1

by Adeyemi Adebayo

February 5, 2021

7

The US dollar stands at ₦470/US$1 in the parallel market

Best performing global financial assets in the last 7 days

by Olumide Adesina

October 6, 2020

0

Here's an insight into the top-performing financial assets around the world.

The US dollar remains king, U.S dollar gains against major currencies, America threatens China with sanctions., U.S dollar slumps against major currencies, investors become optimistic about global demand, U.S Dollar Stands Firm, Foreign Exchange Traders Remain Neutral

U.S dollar posts best monthly gains in 14 months

by Olumide Adesina

October 2, 2020

0

The US dollar index was up 0.23% to trade at 93.977 earlier on Friday.

IMF calls crypto “special currency” and educates the public

by Olumide Adesina

August 26, 2020

0

The IMF tweeted the video giving vital details on what cryptocurrency is.

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira forwards hit record high as local currency crashes to N420/dollar in the parallel market

by Chike Olisah

April 21, 2020

1

As events in the oil market fallout, the US dollar hit a record high against the Naira in the non-deliverable ...

FG moves to capture 80% of Nigerians in formal financial services sector, Massive depreciation of the Naira as investors get jittery, Naira’s one-year currency forward falls to N515

Defending the naira at a cost

by Olumide Adesina

April 26, 2020

1

President Muhammadu Buhari has made currency stability a key pillar of his plan to revive an economy still reeling from ...

West Africa’s monetary union changes CFA franc to Eco

by Abiola Odutola

December 23, 2019

0

All former French Colonies in West Africa, except Guinea Bissau, have agreed with France to rename its CFA franc to ...

Central Bank of Nigeria, Foreign exchange market, Naira vs dollas, IMF, Foreign Reserves, External reserves, CBN, Why do we all love the dollar?

Nigeria’s currency stability persists at the expense of external reserves

by Op-Ed Contributor

July 16, 2019

0

The reserves, which stood at $47.79 billion as at July 5, dropped to $45.23 billion as at September 13.

Tag: currency