Lukman Otunuga, research analyst at FXTM, says the expectations of a rate hike by the US federal reserve has continued to punish the Nigerian naira, as the dollar bulls. Reacting
Tag "naira"
The Central Bank of Nigeria (CBN) says it is not in support of jailing Nigerians hoarding dollars, as suggested by the President Muhammadu Buhari-led federal government. Speaking at a press
The Department of State Services (DSS) raided bureau de change (BDC) operators in Kano on Friday. Those targeted were the ones selling above N400 per dollar. The security agency had
Oby Ezekwesili, former vice-president of the world bank, says the raid of the Department of States Services (DSS) on the foreign exchange market will drive the market underground. The co-founder
From today, global award-winning broker, FXTM, is enhancing its product offering to Nigerian traders, by making its leading Standard and
The Department of State Services (DSS) on Thursday raided the foreign exchange parallel market in Lagos and Abuja, arresting dealers
Donald Trump victory is good for the naira, and many other currencies around the world, the markets have shown. A
The naira on Monday fell freely at the official interbank market to exchange at N350 to a dollar from N328
The naira appreciated marginally against the dollar at the parallel market in Lagos on Monday, gaining N2. The currency exchanged
The naira on Friday weakened against the dollar at the parallel market, nullifying the N5 it gained on Thursday to
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