The Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million in the first trading day after the democracy day celebrations. This
Tag "dollar"
The Greenback was under pressure on Tuesday with prices finding comfort near a six-month low against a currency basket as political turmoil in Washington weighed heavily on sentiment. A growing sense of
Ahead of the outcome of the ongoing monetary policy committee (MPC) meeting in Abuja, the Central Bank of Nigeria (CBN) again injected over $255 million in to the foreign exchange
An eerie calm shrouded the financial markets last week, with global stocks floating near record highs as investors maintained a cautious trading stance. The rising anxiety over ongoing geopolitical tensions
The Nigerian naira strengthened slightly at the parallel market, despite fall in the country’s foreign reserves. On Friday, the naira
The Central Bank of Nigeria (CBN) has confirmed excess availability of foreign exchange at the interbank market, as banks fail
The Greenback was vulnerable to heavy losses on Friday, with prices tumbling towards 98.80 as the mixture of soft economic
The Nigerian naira lost more ground to the dollar at the parallel market on Tuesday, despite intervention of the Central
The Nigerian naira closed trading for the first week in April 2017 at 405 to the greenback at the parallel
The Greenback was explosively volatile during trading on Friday after March’s mixed job report prompted investors to offload and reload
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