Tag
DOLLAR
The Nigerian naira depreciated further in the official foreign exchange market on Thursday, falling to N1,600.50/$1.
Gold has surpassed the $3,300 mark, driven by a weak dollar and the looming US-China trade war, which are attracting more investors and extending its year-to-date gain to over 26%.
The Nigerian currency showed weakness during midweek trading at the unofficial market, despite improved fundamentals in the country’s official market.
The Nigerian currency ended the first trading session of the week on a positive note amid increased appetite for the haven currency in the global currency market.
The Nigerian currency showed minimal changes in the Nigerian FX market despite a weaker dollar in the global...
Bureau De Change (BDC) operators have attributed the recent crash of the naira in the foreign exchange market to the huge demand for forex due to the windfall from some contractual payments and releases by some Federal Government agencies.
The Nigerian naira began Tuesday's trading session at N1,510 per dollar on the black market amid weakness in the dollar index.
The Nigerian naira depreciated further in the parallel market on Friday, closing at N1,500 per dollar as foreign exchange (FX) scarcity continues to pressure the local currency.
The Nigerian currency remained firm against the euro in the parallel market amid the Conservative victory in Europe's largest economy.
The Nigerian naira is poised for a significant test as markets reopen on Monday, following a week packed with key macroeconomic data releases and monetary policy decisions.
In the latest episode of Drinks and Mics we discuss why the dollar is weaker, naira stronger, Inflation Rebasing Magic, MPC Decision, Interest Rate Convolution
The Nigerian naira posted decent gains against the American dollar on the parallel foreign exchange market during the mid-week trading session, amid ongoing improved market sentiments in Nigeria's capital market.