U.K. Services Indicate ‘Sluggish’ Growth Britain’s economy has moved into a phase of “steady but sluggish” growth and is at risk of a further slowdown, according...
Naira Gains Against Dollar The Naira on Wednesday appreciated marginally against the dollar at the parallel market. The Nigerian currency gained 50k to exchange at N362.50,...
Pound Gains After Solid Manufacturing Growth The British pound climbed against the US dollar after a data showed manufacturing sector grew faster than projected in July....
Euro Halts Bullish Rally as Traders Eye $1.1850 Resistance The euro plunged for the first time this week against the US dollar as traders refrained from...
Foreign Reserves Near Three-month High at $30.8b The foreign exchange reserves have risen to an almost three-month high of $30.74 billion, latest Central Bank of Nigeria...
Naira Closes Lower Despite Intervention, N365/$ The Nigerian Naira closed lower against the United States dollar on the parallel market on Monday, despite the Central Bank...
Forex Weekly Outlook July 31- August 4 The US economic data showed the economy is healthy and expanded 2.6 percent in the second quarter. However, the...
CBN Sells $462m to Boost Forex Market In an effort to further boost business activities, the Central Bank of Nigeria on Friday sold another $462,336,426.74 to...
Fed Says Balance-Sheet Unwind to Start ‘Relatively Soon’ Federal Reserve officials said they would begin running off their $4.5 trillion balance sheet “relatively soon” and left...
Euro’s Rally Is Looking Extreme When You Examine the Technicals While it may not be apparent at first glance, the euro is beginning to show signs...
