Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Naira Reclaims Value after Banks Update on FX The Nigerian naira gained across foreign exchange (FX) markets after local banks release fresh updates on foreign currency sales to their customers. In the investors and exporter window, the Nigerian naira ended the previous week at N445.67 to a United States dollar. Demand pressures slow down at the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) window as the exchange rate had crossed N460, it was opened at N445.75 in the just concluded.  The scarcity of foreign exchange has worsened the naira exchange rate in the official and unofficial markets, and things may get…

Read More