Naira Gains Momentum, Closes at 390/Dollar The naira recorded a major gain on Wednesday, closing at 390 per United States dollar at the parallel market, up...
Stocks Advance With Dollar as Haven Demand Eases Markets struck a note of cautious optimism on Wednesday, with U.S. and European equities rebounding and haven assets...
Commodity Producers Rise With Metals; Dollar Gains European shares rose as commodity producers rebounded with metals prices. Chinese equities led Asian markets lower, while the pound...
Bridging the Gap Between Official/Parallel Market Rates Gwadabe urged the directors to help CBN reduce the gap between the official and parallel market rates. “As a...
Naira Shortage Forces Banks to Boycott CBN Dollar Sale Deposit Money Banks lacked naira liquidity to bid for the $100m offered for sale by the Central...
Yen Climbs While Chinese Shares Slump; Lira Soars The yen strengthened while stocks were mixed as lingering geopolitical concerns offset data showing China’s economy accelerated for...
CBN to Raise Dollar Supply to BDCs to $40,000 Weekly The Central Bank of Nigeria (CBN) has resolved to raise dollar supply to Bureau De Change...
CBN Releases Fresh $250m Forex for Agric, Other Sectors The Central Bank of Nigeria on Wednesday, released additional $250m on seven to 30 day forwards for...
NZDCAD Breaks Key Support; Further Sell Opportunity? I first mentioned this pair sell potential in December but after hitting our target at 0.9298, it rebounded. Reaching...
Gold Gains With Treasuries and Yen on Haven Demand Gold and Treasuries strengthened with the Japanese yen on lingering investor concern about global security risks and...
