- XRP Price Sinks to $0.9880 as Investors Liquidate Positions
- Crude Oil Prices Down in Week as Russian Exports Surge
- Bitcoin Falls to $67K as U.S. Yields Rise, Dollar Strengthens
- SK Hynix Tokenised bStocks Dips after HTX Announces SKHYB Listing
- Naira Closes at N1,353 Per US Dollar in Nigerian Forex Market
- DBN Inaugurates $275m Climate Finance to Boost Nigerian MSMEs
- Tinubu Flags Off $3.5bn Bakassi Deep Seaport Construction
- NGX Falls as Banking, Insurance Stocks Drag, Investors Lose N93bn
Author: Ogochukwu Ndubuisi
Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.
FX Rates Unify as Naira Depreciates at Official, Black Markets The Nigerian naira depreciated by 0.77% against the US dollar to N1,606.56 in the official market on Wednesday as strong demand for foreign currency exerted pressure on the FX supply. The naira has again crossed the resistance level amidst intermittent foreign currency sales at the official window to boost FX liquidity in the market. Today, official and parallel market rates meet, suggesting that the naira is not really undervalued as the apex bank claimed. Investment banking analysts have maintained that the FX liquidity challenge has remained a headwind, a key…
The U.S. African Development Foundation (USADF) has reiterated its commitment to supporting African-led solutions needed to create pathways for prosperity
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