On Friday, the Nigeria Autonomous Foreign Exchange Market (NAFEM) witnessed a substantial decline in dollar sales, plummeting to $84.1 million from the previous day’s $331.1 million,...
The Central Bank of Nigeria (CBN) has issued a directive ordering Deposit Money Banks (DMBs) to divest their surplus dollar holdings by February 1, 2024. This...
The dollar made modest gains on Thursday, but it still faces the prospect of marking its most significant monthly decline in a year. This trend is...
The US dollar extended its decline, reaching the lowest level since early August as swap traders increased bets on a Federal Reserve interest rate cut as...
Global Markets React to Growing Confidence in Fed's Cautious Stance
The Investor & Exporter (I&E) forex window recorded a surge in dollar turnover by 46.69% to $123.25 million on Monday from $84.02 million reported on Friday....
Goldman Sachs Group Inc. strategists, led by Kamakshya Trivedi, predict a potential dimming outlook for the dollar in 2024. Despite the greenback’s current strength, up approximately...
The Nigerian naira’s exchange rate to the US dollar has remained a cause for concern as the exchange rate hovered around N1000/$1. Earlier this week, Investors...
As of September 8th, 2023, the dollar to naira exchange rate is 1 USD to 927 NGN at the black market. This means that for every...
As of September 6th, 2023, the dollar to naira exchange rate is 1 USD to 925 NGN at the black market. This means that for every...