Naira drops further at the black market despite appreciating at I&E window
The rise in demand and contrasting drop in supply has called for another round of devaluation...
The rise in demand and contrasting drop in supply has called for another round of devaluation...
Uncertainty of the market remains, particularly due to liquidity shortages across markets.
Forex turnover rose to $63.44 million on Monday representing a 66.42% increase day on day.
The liquidity in the foreign exchange market appears to have improved, the volatility and uncertainty of the market seem to ...
The U.S. Dollar Index dropped as global Investors and traders appetite for risk increased in momentum.
CBN has been rationing forex to protect the naira amid the fall in crude oil prices and deadly COVID-19 that has reduced the country's foreign earnings.
The continuous rally of the local currency against the dollar can be attributed to the improved liquidity in the foreign ...
"Going into next week, there is an OMO maturity coming in. So, that will help to ensure balance."
CBN's Godwin Emefiele had recently advised businesses and individuals to stop patronizing operators in the parallel market because they heating ...
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has warned firms and individuals against patronizing the parallel market, popularly called ...
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