Gold prices soared to a historic high of $3,500 per ounce on Tuesday before retreating slightly, as mounting concerns over potential political interference in the Federal Reserve drove investors away from U.S. stocks, bonds, and the dollar.
Global crude oil prices have surged past the $65 per barrel mark, marking a notable recovery for Brent and Nigerian oil blends from an early April dip.
The Nigerian naira weakened to N1,550 against the American dollar in the black market amid increased demand for...
The Nigerian naira made a significant comeback in February 2025, appreciating against the US dollar, British pound, and...
The naira oscillated around the N1570-1575/$ range at the black market in the early hours of Saturday in Nigeria's business capital.
The Nigerian naira has demonstrated relative stability in the parallel market, trading at N1,570 per US dollar from Wednesday through Friday, December 14, 2025.
The Naira extended its downward trajectory mid-week, depreciating further against the US dollar in both the parallel and official markets.
The naira settled marginally lower in the official market on Tuesday amid high demand for the safe-haven currency in global financial markets.
The US Dollar index hit a fresh high, closing above 107.74 points as of the market ending on the 18th of December 2024, attaining its strongest level in two years.
Gold has shed over 6% of its year-to-date (YTD) gains, stumbling after a sharp early November retracement, as it recedes behind silver despite its stellar performance earlier in the year.
The naira slipped to an all-time low of N1681 per dollar at the official Investor and Exporter (I&E) window on Tuesday, November 6, 2024, according to data from the FMDQ Exchange.
The naira faces more headwinds as the safe-haven currency rallied strongly amid rising odds of Donald Trump’s return to the U.S. presidency.
