Yellen Says March Hike ‘Likely Appropriate’ If Progress Persists Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest-rate increase by...
BDCs Demand $30,000 Weekly Allocation Bureaux De Change (BDC) operators yesterday called on the Central Bank of Nigeria (CBN) to review their $8,000 weekly allocations upwards...
FX Market Gets Boost as Travelex Sells Dollars to BDCs Liquidity in the foreign exchange (FX) market got a boost, following yesterday’s sale of dollars to...
Dollar Climbs Spurred by Fed The dollar extended gains as hawkish signals from the Federal Reserve continued to pile up, while stocks in Europe took a...
Focus Turns to Fed as Dollar Gains, Bonds Drop Investors moved on from President Donald Trump’s address to Congress, shifting their focus to the timing of...
Dollar Free Fall Continues, Sells at N425/dollar The dollar free fall continued as the Naira strengthened across all segments. The Nigerian Naira gained N20 against the...
Forex: CBN’s Lending to Banks Rises to N1.6tr BankS’ borrowing from Central Bank of Nigeria (CBN) rose sharply to N1.6 trillion last week, triggered by demand...
Japan Stock Rally Falters as Yen Gains Before Trump Caution crept into financial markets ahead of Donald Trump’s address to Congress, as a rally in Tokyo...
U.S. Dollar Free Fall Against Naira The U.S. dollar continues its free fall against the Naira on Monday, following additional sales of $180 million by the...
CBN Pumps Fresh $180m into Forex Market The Central Bank of Nigeria on Monday increased the liquidity in the foreign exchange market by releasing additional $180m...
