Tuesday, April 30, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Tag "naira"

From 268/$1 at Christmas, naira stable at 423/$1 throughout Sallah break

    From 268/$1 at Christmas, naira stable at 423/$1 throughout Sallah break

The Nigerian naira remained stable at 423 to the dollar at the parallel market throughout the two-day Sallah break across the nation. Just last Christmas — eight months ago — the naira

0 comment Read Full Article

Naira bounces back after days in ‘recession’

    Naira bounces back after days in ‘recession’

The naira opened strong on Monday, recovering from last week’s record low of N425 per dollar at the parallel market. The interbank market also experienced a strengthening of the local

0 comment Read Full Article

Moody’s says CBN naira devaluation will help the economy

    Moody’s says CBN naira devaluation will help the economy

Moody’s, one of the big-three credit rating agencies in the world, says the Central Bank of Nigeria (CBN) devaluation of the naira is a positive step in building the economy.

0 comment Read Full Article

Nigeria’s cure remains diversification

    Nigeria’s cure remains diversification

A sense of anxiety has gripped the Nigerian economy with concerns elevated over slowing growth as the combination of depressed oil prices and Naira vulnerability weighed heavily on investor sentiment.

0 comment Read Full Article

Naira crumbles to 423/$1 as NBS confirms historic recession

  Naira crumbles to 423/$1 as NBS confirms historic recession

The Nigerian naira fell to 423 against the dollar at the parallel market on Wednesday, after the National Bureau of

0 comment Read Full Article

‘Vulnerable’ naira falls ahead of NBS ‘official recession report’

  ‘Vulnerable’ naira falls ahead of NBS ‘official recession report’

Naira opened weak on Monday as Nigeria awaits the official gross domestic product (GDP) report from the National Bureau of

0 comment Read Full Article

It’s getting no better… naira now 412 per dollar

  It’s getting no better… naira now 412 per dollar

The naira has attained a fresh all-time low of 412/$1 on Friday, as dollar scarcity bites harder at the parallel

2 comments Read Full Article

CBN ban on 8 banks triggers naira’s biggest slip in new FX regime

  CBN ban on 8 banks triggers naira’s biggest slip in new FX regime

Naira took its deepest daily interbank dip on Thursday, falling by about nine percent in less than 24 hours to

0 comment Read Full Article

FXTM to discuss naira trends at world-class educational events in Nigeria

  FXTM to discuss naira trends at world-class educational events in Nigeria

FXTM, a global, award-winning forex broker, is reinforcing its position as a leader in the provision of world-class education, with

0 comment Read Full Article

CBN bends again, says BDCs can now get $50,000 weekly

  CBN bends again, says BDCs can now get $50,000 weekly

The Central Bank of Nigeria (CBN) has taken another bend to its initial decision to halt forex sale to bureau

1 comment Read Full Article
error: Content is protected from copying.