Tag
MONEY MARKETS
The exchange at the start of the week was N385.33.
Currency traders are expecting the naira to fall slightly today, due to the maturing $1.52 billion April 29 contract.
The downward slide of the naira in the parallel market appears to be continuing unabated as the slump in crude oil prices
Bitcoin has attracted hedge and quant traders who make money on short-term price swings.
As events in the oil market fallout, the US dollar hit a record high against the Naira in the non-deliverable forward's markets on Tuesday, April 21, 2020.
A rising American dollar was causing damage in global financial markets, President Donald Trump has decided that a powerful U.S. dollar is a good thing
COVID-19 pandemic and the crash in oil prices have all but extinguished supply of dollars from the IFEX market (official market for trading forex).
Nigeria's currency is expected to have little price swings in the coming weeks, as the lockdown aggravates dollar shortages.
Gold has so far gained 14% in 2020, supported by record holdings in gold ETFs as COVID-19 pitched world economies into recession and weakened investors’ appetite for risk.
The latest data from the Central Bank of Nigeria revealed that the Nigeria’s 364-day treasury bills have fallen to 4.6%
Nigeria's largest bank by market capitalization, Guaranty Trust Bank (GTB) closed the week at a share price of N23, its lowest since January 2017.
Daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills, bonds, FX rates, inflation, oil price.