Monday, April 29, 2024
MARKET UPDATE
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Tag "Foreign exchange"

Naira depreciates further at parallel market, trades at N1,260/$

    Naira depreciates further at parallel market, trades at N1,260/$

The naira on Monday depreciated further to N1,260 per dollar at the parallel section of the foreign exchange (FX) market. The latest figure represents a 2.44 percent drop from the

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‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

    ‘There’ll be ups and downs’ — CBN says it’s working to stabilise naira

The Central Bank of Nigeria (CBN) says it is doing everything possible to achieve a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor, spoke on April 20 during a

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Naira strengthens in parallel market, trades at N1,150/$

    Naira strengthens in parallel market, trades at N1,150/$

The naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos, also known as bureau de change (BDCs)

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Cardoso’s last card

    Cardoso’s last card

On March 21, 2024, I made a post on X (formerly Twitter), saying it was a good time to give Olayemi Cardoso, the governor of the Central Bank of Nigeria

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Naira appreciates against dollar at official window, parallel market

  Naira appreciates against dollar at official window, parallel market

The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The

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Naira appreciates to N1,280/$ at parallel market

  Naira appreciates to N1,280/$ at parallel market

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market. The

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Prices won’t drop immediately due to exchange rate gains, says Financial Derivatives

  Prices won’t drop immediately due to exchange rate gains, says Financial Derivatives

Financial Derivatives Company, a firm owned by financial expert, Bismarck Rewane, says it will take time for foreign exchange rate

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Cardoso: Law enforcement agencies probing $2.4bn unverified FX claims

  Cardoso: Law enforcement agencies probing $2.4bn unverified FX claims

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says law enforcement agencies are investigating $2.4 billion unverified foreign

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Naira appreciates to N1,440 at parallel market, N1,408 at official window

  Naira appreciates to N1,440 at parallel market, N1,408 at official window

The naira, on Monday, appreciated further at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos,

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Tinubu to Nigerians: Patronise locally made products to strengthen naira

  Tinubu to Nigerians: Patronise locally made products to strengthen naira

President Bola Tinubu has urged Nigerians to imbibe the culture of purchasing Nigerian products across all value chains to strengthen

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