Thursday, May 2, 2024
MARKET UPDATE
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Tag "dollar"

Sterling bulls lean on false lifeline

    Sterling bulls lean on false lifeline

Stock markets staged a miraculous rebound during trading on Tuesday following the abrupt appreciation in oil prices that renewed risk appetite and boosted some confidence towards the global economy. Asian

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Nigeria’s reserves on a 4-day free fall

    Nigeria’s reserves on a 4-day free fall

The Central Bank of Nigeria (CBN) has recorded free fall in its foreign reserves for four days consecutively, after recording such rise two times in 2016. The reserves, which lost

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Naira finds a ‘resting place’ at 320 to a dollar

    Naira finds a ‘resting place’ at 320 to a dollar

The Nigerian currency seems to have found a resting place at 320 to the greenback on the parallel market. The naira, Nigeria’s prime legal tender, has been seen as revolving

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Reserves rising again as Nigerian crude hits $39

Nigeria’s foreign reserves are on the rise again, as the Central bank of Nigeria (CBN) confirmed on Thursday that the Nigerian crude, bonny light, is trading at $39.07 per barrel. The

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Naira ‘stuck’ at 320/$1 despite permutations

  Naira ‘stuck’ at 320/$1 despite permutations

The Nigerian currency, naira, has remain uninspiring at 320 to the dollar, neither rising nor falling significantly, through the week.

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CBN: $20bn idle in dom accounts of Nigerians

  CBN: $20bn idle in dom accounts of Nigerians

The Central Bank of Nigeria (CBN) says some privileged Nigerians are behind the fall of the naira, adding that $20

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MTN ‘expects’ CBN to devalue the naira

  MTN ‘expects’ CBN to devalue the naira

MTN group says it expects the Central Bank of Nigeria (CBN) to devalue the naira within the 230 to 240

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Naira ends controversial week at 320/dollar

  Naira ends controversial week at 320/dollar

The naira traded at 320 to a dollar on the parallel market on Friday, halting the very controversial week better

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‘Erratic naira’ now trading between 280 and 310

  ‘Erratic naira’ now trading between 280 and 310

The naira took a strange turn on Wednesday, trading at varying prices across different sections of the parallel market, appreciating

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Naira recovers to 340 per dollar

  Naira recovers to 340 per dollar

The naira firmed again on Tuesday to trade at 340 against the dollar at the parallel market from 370 on

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