Growing anxiety about Bitcoin dominant status continued to weigh on the cryptocurrency. Bitcoin plunged below $2,000 for the first time in two months after a breakout...
Bank-to-bank Forex Deals Resume Banks can now directly sell foreign exchange (forex) to one another, without prior Central Bank of Nigeria (CBN) approval. The policy shift...
Forex Weekly Outlook July 17-21 The US dollar plunged against G-10 currencies after data signals the Federal Reserves might not raise rates for the third time...
Australian Dollar Rises to 2-year High The Australian dollar jumped to a two-year high against the US dollar last week after US economic data showed it’s...
Yellen Keeps a Gradual Rate-Hike Outlook as Inflation Puzzles the Fed Federal Reserve Chair Janet Yellen said the U.S. economy should continue to expand over the...
Stocks Rebound as Dollar Dips on Trump Revelations Stocks recovered with oil while the dollar slipped as a fresh bout of political uncertainty in Washington damped...
Banks Raise Dollar Spending by 900% There is something to cheer for bank customers travelling abroad. Commercial banks have raised customers’ international dollar spending limit on...
Pound Rises as Traders Await ‘Key’ Speech From BOE’s Broadbent The pound advanced against all its major peers before a speech by Bank of England Deputy...
Forex Weekly Outlook July 10-14 The US economy added 222,000 jobs in June to sustain the ongoing solid labor market. However, the unemployment rate rose to...
Naira Falls Against Dollar Despite CBN’s Intervention The Naira on Friday suffered marginal loss against the dollar at the parallel market in spite of CBN’s intervention...
