- APC Dismisses Alleged Plot to Assassinate Atiku
- Industrial Stocks Lead NGX Relief Rally, Investors Gain N411bn
- Bankers Urge Oil Licence Holders to Invest Equity Before Seeking Loans
- NCC Moves to Expand Phone Number Fraud Checks Across Sectors
- NUPRC Cautions Oil Licence Holders Over Dormant Assets
- Moniepoint’s N1trn Small Businesses Credit Earns Its Fintech Award
- Trump Accuses Ukraine of Unreciprocated Support
- NVDAB Declines as Nvidia Stock Faces Sell Pressure
FX Market
Daily FX Update: The naira depreciated against the US dollar at the Nigeria Foreign Exchange Market…
British Pound Climbs Amidst Downgraded UK Growth Forecast The British pound or sterling has risen…
Naira Depreciates for 10-Day Straight, FX Gap Narrows The Nigerian naira weakened against the US…
Naira Touched Intraday High of N1405/$ in FX Market The naira touched an intraday high…
The naira’s purchasing power dropped sharply at the official window as foreign payments initiated exceeded the US dollar liquidity at the currency market.
The flight-to-safety drive from Middle East tensions strengthened the US dollar against trading peers on Monday, forex traders said in a separate note.
The naira traded negatively against the dominant US dollar at the official window all week despite FX intervention sales by the Central Bank of Nigeria (CBN).