- Alternative Bank Appoints Gul Khan as MD/CEO
- Oil Prices Rebound, Brent Tops $92 amid Tanker Attacks
- Ethereum Dips to $2.06K as ETH Stablecoin Market Share Plunges
- Oando Advances Electric Transport Rollout, Targets Wider Adoption
- XRP Price Falls 5% on ETF Outflow, Inflation Concerns
- Brent Crude Drops Below $90 as US-Iran Favour Negotiation
- Dangote Cement: London Listing Withdrawal Redefines Market Narrative
- Tinubu Unveils Pension, Healthcare Initiatives to Boost Retirees’ Welfare
FX Market
The official exchange rate weakened to near N1,351 as the Naira continued to face selloffs, driven by rising demand for international payments, settlements of offshore liabilities, and offshore repatriations.
The South African rand lost momentum against Western currencies on Monday amid a US dollar rally, surging global oil prices and an increase in the country’s unemployment Rate.
Naira Opens Weak, Nigeria’s FX Reserves Signal Uptrend The Nigerian naira opened weak on Monday…
The US dollar climbed to its highest level in about a month on surging demand for safe havens as concerns over war-driven inflation intensified.
The South African rand or ZAR has weakened against major currencies, trading at R16.56 per U.S. dollar (USD), R19.29 per euro (EUR), and R22.11 per British pound (GBP), First National Bank said in a note on Friday.
Naira Slips as Interbank FX Turnover Reduces at Official Window The naira, Nigeria’s local currency,…
The South African Rand strengthened moderately against major currencies, rebounding from a two-day losing streak, First National Bank (FNB) said in its morning brief on Thursday.