CBN’s Regular Intervention in FX Market Inevitable The continued intervention of the Central Bank of Nigeria in the foreign exchange market to strengthen the naira is...
Rand’s Slide Is Tempered by Yield Chasers Unfazed by Zuma’s Win South Africa’s President Jacob Zuma is staying put — but the rand’s muted reaction suggests...
Naira Weakens to 382/Dollar The naira weakened to 382 per United States dollar on Friday, down from 379/dollar it closed on Thursday. On the back of...
Naira Rebounds, Closes at 380/Dollar The naira rebounded slightly to 380 per United States dollar on Wednesday on the back of sustained dollar injection by the...
Naira Declines against Dollar Despite $205m Offer The Nigerian Naira plunged against the U.S. dollar on Monday, even after the Central Bank of Nigeria injected $205m...
Dollar Shortage: Moody’s Says Nigeria’s Recovery May Take Time Although foreign currency shortages in Nigeria and other sub-Saharan African countries are easing, it will take time...
Bitcoin Rises Above $1,900 for the First Time Since over 200,000 computers were hacked across 150 countries. The Cryptocurrency, Bitcoin, has continued to gain against the...
CBN Releases List of 36 Items Valid for Access to Forex The Central Bank of Nigeria yesterday released list of 36 items valid for access to...
Rupee Plunges Most in 11 Months as Risk Off Hits Indian Markets India’s rupee tumbled the most since June last year as local shares joined a...
Naira Closes at 385/Dollar The naira closed flat at 385 against the United States dollar on the parallel market on Wednesday, the same rate it closed...
