The dollar stabilised on Monday after dropping on Friday following lower-than-expected U.S. jobs data, and currency markets broadly lacked momentum as investors looked ahead to key...
The dollar hovered around recent lows on Friday and was set to notch a modest weekly drop as traders’ concerns at taper talk in Federal Reserve...
Nigeria’s Deposit Money Banks (DMBs) have reduced the amount of United States Dollars that customers can deposit into their domiciliary accounts by 50 percent from $10,000...
The Central Bank of Nigeria (CBN) on Tuesday has warned both the Deposit Money Banks (DMBs), Bureau De Changes and other forex dealers against rejecting old...
The dollar slipped on Monday towards a three-week low as Treasury yields traded near recent lows and traders awaited crucial U.S. inflation and retail sales data...
Naira Exchanges at N620 to a British Pound at Black Market Lingering foreign exchange scarcity has plunged the Nigerian Naira to a record-low of N620 against...
Rising demand for the United States Dollar amid persistent scarcity has further widened Nigeria’s foreign exchange rate at the black market. The Nigerian Naira depreciated by...
Mr. Bismarck Rewane, the Managing Director and Chief Executive Officer, Financial Derivatives based in Lagos, has said the Naira to United States Dollar exchange rate may...
Naira Appreciates Slightly Against the US Dollar and Euro The Nigerian Naira gained slightly against the United States Dollar on Friday amid a drop in demand...
Pounds to Naira Rate Hits N596Â at the Black Market The British Pounds gained against the Nigerian Naira on Wednesday at the black market as forex...