- Tony Elumelu to Retire as UBA Chairman, Names Emmanuel Nnorum as Successor
- Align Fuel Cost With World Crude Oil Price, Lokpobiri Urges Marketers
- IPMAN Assures Nigerians of Continued Petrol Price Reduction
- No Shadow Budget in Nigeria – Oyedele
- Can Africa Finance Its Own Development?
- Money Market Rates Mixed Amidst Sharp Liquidity Shrink
- Crude Oil Prices Ease as OPEC+ Boosts Output
- South African Rand Weakens as Fed Rate Expectations Drive USD Rally
FX Market
The South African rand is marginally weaker against the US dollar on Monday as markets price
The South African rand weakened on Tuesday, pressured by a firmer U.S. dollar as markets
The European single currency, the Euro, trades at 1.14 per dollar, its lowest level since June 2025.
The US dollar index (DXY) continued its upward trajectory, reaching 101.3 on Tuesday…
The South African Rand (ZAR) trades sideways against Western currencies- the US dollar, Euro and Sterling on Tuesday ahead of key economic data and a bond auction.
The Naira appreciated against the US dollar by about 0.10% to N1369 in the Nigerian foreign exchange market (NFEM) amidst growing external reserves.
US dollar inflows into Nigeria’s foreign exchange market declined by more than 26% to $689 million