Why dollar is battering euro, Japanese yen and Chinese yuan
A force that the global financial markets were not prepared for in 2024 is already affecting them: The dollar is ...
Tag: Dollar
Naira posts first weekly decline in 6 weeks at the unofficial market
The naira remained above the N1200/$ band in the unofficial market, causing the Nigerian currency to pause its winning streak ...
Minister eyes reduction in electricity tariff as Naira strengthens in FX market
Adebayo Adelabu, the Minister of Power, has said that the revised electricity tariff for Band A customers could decrease if ...
Financial experts divided on CBN’s dollar sales to BDC operators
The recent dollar sales to BDCs below market rate at N1,101/$1 was the third attempt after a long period of ...
Naira posts 4th weekly gains but faces high resistance at key support level
Naira appreciated for the 4th consecutive week to settle at N1,245 per against the dollar amid amplified confidence in the ...
Naira puts strong dollar in check, settles at N1255/$
The naira defied the strong dollar despite positive macros from the world's largest economy's manufacturing data report that it grew ...
Dollarisation of Naira payments and Nigeria’s macroeconomic instability
The Naira has been battered beyond a fraction of what gold did to silver under bimetallism in France.
Naira gain against U.S dollar boosts Dangote’s wealth to $15.3 billion
Dangote's fortune had gone through a turbulent era before its current boom, which represents a substantial turnaround for the company.
Naira stabilizes at N1,615/$1 across both official and parallel markets amid CBN’s new duty rate
The official market witnessed a slight depreciation in the Naira-dollar exchange rate, closing at N1,615.94 to $1, a 0.78% decrease.
Official exchange rate closes week at N1,548.25/$1 as CBN takes action against illicit activities
The Naira exhibited a positive trend against the US Dollar in the official market, concluding the week at N1,548.25/$1.
