Tag
DOLLAR
XRP led cryptocurrency losses on Dec. 30, falling over 5% as a strengthening U.S. dollar weighed on global currencies and dollar-denominated assets like Bitcoin and gold.
The Nigerian naira showed stability in the official market as demand for the greenback moderated during the second trading session of the week.
On this special edition of MoneyBrief with Ugodre, we had Joanna put the boss on the hot seat!...
The Central Bank of Nigeria’s unification of the official and parallel foreign exchange market rates is proving unsuccessful, as shown by the market spectrum.
The naira depreciated further at the parallel market to close at N1685/$1 at the end of business on Tuesday, December 10, 2024 with the exchange rate falling for the second time since the Central Bank of Nigeria (CBN) migrated to the Enhanced Foreign Exchange Market System (EFEMS) platform.
The naira crashed to N1640/$1 at the parallel market at the close of business on Monday, December 9, 2024, ending four consecutive days of exchange rate appreciation since the Central Bank of Nigeria (CBN) migrated to the Enhanced Foreign Exchange Market System (EFEMS) platform.
In this episode of Money Brief, Ugodre delves into the latest news on the Dollar dropping to 1500 Naira....
The Nigerian naira recorded marginal appreciation at both the official and parallel markets by the end of November, according to data from FMDQ and Bureau de Change (BDC) operators.
The Naira faced more headwinds in the unofficial market amid high demand for the dollar and a widening supply gap.
The Nigerian currency slightly depreciated at the official market, as the U.S dollar index showed some recovery after Wednesday's sell-off.
On October 17, 2024, the naira resumed its decline against the U.S. dollar, closing at N1,660.49 in the official Investors and Exporters (I&E) window.
The naira has lost ground, breaking the N16000/$ support level against the dollar in the official foreign exchange...