Tuesday, April 23, 2024
MARKET UPDATE
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Tag "naira"

It’s getting no better… naira now 412 per dollar

    It’s getting no better… naira now 412 per dollar

The naira has attained a fresh all-time low of 412/$1 on Friday, as dollar scarcity bites harder at the parallel market. Foreign exchange scarcity continued on the parallel market as

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CBN ban on 8 banks triggers naira’s biggest slip in new FX regime

    CBN ban on 8 banks triggers naira’s biggest slip in new FX regime

Naira took its deepest daily interbank dip on Thursday, falling by about nine percent in less than 24 hours to trade at 342 to the dollar – its biggest daily

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FXTM to discuss naira trends at world-class educational events in Nigeria

    FXTM to discuss naira trends at world-class educational events in Nigeria

FXTM, a global, award-winning forex broker, is reinforcing its position as a leader in the provision of world-class education, with the announcement of an extensive series of educational and networking

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CBN bends again, says BDCs can now get $50,000 weekly

    CBN bends again, says BDCs can now get $50,000 weekly

The Central Bank of Nigeria (CBN) has taken another bend to its initial decision to halt forex sale to bureau de change operators (BDCs), by conceding $50,000 to the BDCs

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No respite as naira depreciates again

  No respite as naira depreciates again

The Naira on Monday depreciated against the dollar at the parallel market, against the expert predictions that it would firm

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Naira hits all-time low of 351/$1 at interbank market

  Naira hits all-time low of 351/$1 at interbank market

The naira fell to an all-time low of 350.91 to a single dollar at the interbank market on Friday morning.

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Oil, naira… 5 reasons why Nigeria lost its place as Africa’s largest economy

  Oil, naira… 5 reasons why Nigeria lost its place as Africa’s largest economy

Nigeria can no longer boast to be the biggest economy on the African continent, as it lost the spot to

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Naira appreciates as BDCs brace up for fresh cash

  Naira appreciates as BDCs brace up for fresh cash

The naira has appreciated against the dollar at the parallel market, as banks complete documentation for forex sale to bureau

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Naira may firm to 321/$1 as CBN authorises forex sale to BDCs

  Naira may firm to 321/$1 as CBN authorises forex sale to BDCs

The Central Bank of Nigeria (CBN) has authorised deposit money banks (DMBs) to resume sales of foreign exchange to bureau

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At 395/$1, 510/£1, BDCs say naira is recovering

  At 395/$1, 510/£1, BDCs say naira is recovering

Harisson Owoh, an accountant and bureau de change (BDC) operator, says the naira is on the path to recovery as

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