Currencies
Nigeria's daily parallel market exchange rate tracker
Naira gains big in official market as dollar sinks globally
The Nigerian currency showed some strength in the Nigerian foreign exchange market, while the haven currency dipped to its lowest...
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Africa must reduce dollar reliance to strengthen intra-continental trade – AfCFTA Secretary
Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat, Wamkele Mene, has called for a significant reduction in...
Read moreDetailsNaira breaks below N1,600/$ as U.S dollar hits 3-year low
The Naira broke the key resistance line at the black market while the greenback sank to a 3-year low in...
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Forex volatility: BDC operators reveal over 90% of dollar liquidity is off the books
Bureau De Change (BDC) operators have insisted that there is an extremely large amount of foreign exchange liquidity in the...
Read moreDetailsNaira hits N1,600/$ as Israel-Iran ceasefire and oil price drop shake Nigerian economy
The naira traded around the N1,600/$ mark on Tuesday in the unofficial market and depreciated to N1,550/$ in the Nigerian...
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Naira falls N2,200 against British Pound Sterling
Recent price movements indicate that the Nigerian currency has remained in a consolidation phase in the unofficial market, fluctuating between...
Read moreDetailsExchange rate disparity returns as Naira appreciates to N1,545/$ officially, depreciates to N1,605/$ on parallel market
The exchange rate closed the week with a mixed performance, as the naira recorded a slight appreciation in the official...
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BNY Mellon, Standard Bank launch naira-denominated notes for global investors
Bank of New York Mellon Corp. (BNY Mellon), alongside Standard Bank Group Ltd., has launched global depositary notes backed by...
Read moreDetailsNaira strengthens below N1,600/$ at parallel market as U.S dollar sheds weight
The naira maintained its bullish momentum at the unofficial market as it cracked below the N1600/$ resistance line, while the...
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Naira, U.S dollar bow to surging British Pound Sterling
The Nigerian currency fell to the N2135-N2150 bandwidth against a resurging British pound Sterling, which rose to a new high...
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