- Moody’s Ratings Changes Seplat Energy’s Outlook to Positive
- Fitch Affirms Qatar at ‘AA’ with Negative Outlook
- Zcash Tops $1,000 as Investors Rotate into Privacy Coins
- Ripple XRP Price Declines on U.S. Fed Rate Hike Fears
- SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst
- FG Opens N2.5bn Grant Window for 50 Student Innovators
- Oil Prices Rise 8% as US-Iran Tensions Heighten Energy Risk
- Binance Coin Rises on Pasteur Upgrade, Kalshi Listing Optimism
FX Market
South African rand (ZAR) trades strongly against the US dollar and other Western…
A significant surge in US dollar demand at the Nigerian foreign exchange market (NFEM) led to a sharp decline in the naira’s value on Monday, according to daily FX data published by the Central Bank.
Naira bulls at the Brroastreet have maintained a positive outlook on the exchange rate amidst geopolitical dislocation that has pushed oil prices above $110 on Monday.
The European single currency, the euro, loses its steeze in the forex market as the Iran war continues to boost demand for the US dollar amid a drive toward safer assets.
The naira showed remarkable strength, appreciating by 0.99% to close at ₦1,344.42 per dollar in the Nigerian Foreign Exchange Market (NFEM). This upward trend reflects a positive shift in currency sentiment within the regulated market, with foreign payments slowing relative to US dollar volume.
Naira Strengthens by N8.46 Against the US Dollar The Naira exchange rate improved versus the…
Naira Climbs as International Payments Ease as Imports Slow The naira strengthened across both exchange…