Despite little to no pressure on the amount of liquidity in the financial system, the money market’s short-term benchmark interest rates fell last week.
The overnight lending rate dropped by 15 basis points to 32.45% on Friday, while the repo...
The Information Security Society of Africa – Nigeria, ISSAN), has called for stronger and closer collaboration with the Economic and Financial Crimes Commission, EFCC in safeguarding the cyber space for more effective fight against internet fraud and other...
Experts have called on the federal government to secure long term foreign loans to clear foreign exchange forwards, foreign portfolio investors and airlines trapped fund .
It could be recalled that the Association of Bureau De Change Operators of Nigeria...
To increase the value of naira, financial experts have called for increase in the production of crude oil in the country.
Speaking to our Correspondents, the founder of Cowry Asset Management Limited, Johnson Chukwu, said though, Dangote Refinery will reduce...
The pressure on the foreign exchange (FX) market eased, on Thursday, as naira steadied against the United States dollar in the parallel market.
According to Aboki FX, the naira sells for N1,170/$1 on Monday and Tuesday, Wednesday and on Thursday...
By Arthur Aghogho Eriye
For the second time this week, the naira appreciated significantly against the United States dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window.
The naira recovered from N837.77/$1, on Monday, to...
In other to de-dollarise the nation's economy amid flutuation in the value of the naira against the United States dollar, an investment analyst, Adejumo Isaac, has called for ban on all foreign currency transaction in cash in the country.
In...
The pressure on the foreign exchange (FX) market eased, on Tuesday, as naira steadied against the United States dollar in the parallel market.
According to Aboki FX, the naira sells for N1,160 on Monday and Tuesday respectively.
Also, the volume of...
Despite volatility in the Nigeria’s foreign exchange market, Nigeria recorded a daily foreign exchange turnover of $100.06million in the Nigerian Foreign Exchange Market (NAFEM).
The daily forex turnover rose by 32 percent from $75.82million, on Friday, November, 24, 2023 to...
The naira sustained its appreciation against the United States dollar at the parallel market as it appreciated on Friday, from N1,160 to N1,155.
This represents 0.43 percent (N5) gain than N1,160 exchanged on Thursday at the parallel market.
It could be...
