About 24 hours after The Central Bank of Nigeria (CBN) announced fresh policy actions in the foreign exchange market, the bank has pumped $370.9 million into the forex market. On
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The naira lost three points at the parallel market to exchange at N510 on Wednesday after closing at N507 on Tuesday. The pound sterling and the euro exchanged at N625 and
Lukman Otunuga, research analyst with FXTM, a leading forex broker specializing in currency, stocks and commodities trading, spoke with TheCable on devaluation of the naira, getting out of recession, imminent
Lukman Otunuga, a macroeconomics expert and research analyst at FXTM, says the Central Bank of Nigeria (CBN) may devalue the naira to 400 against the dollar on the official side.
Year 2016 was a very challenging year for most currencies across the world; the British pound fell to a 30-year
It is a new year, full of hope for the Nigerian economy. Virtually all projections from across the world and
Bitcoin, the increasingly popular cryptocurrency or digital currency, was the best performing currency in 2016. If you were thinking the
The Nigerian naira is currently trading at 494 to a dollar, from N268 to a single dollar on December 25,
The heightened expectations of higher US interest rates in 2017 has fuelled the Greenback’s market shaking appreciation this quarter with
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