- XRP Rises as Investors in Korean Markets Bet on Altcoins
- NVIDIA Tokenised Stock Rises on Fresh Buying Momentum
- Naira Depreciates to N1,361 Ahead of Pre-Election FX Demand
- Dangote Cement Hits N18trn Market Cap. Ahead of London Listing
- Fidelity Bank Gains 14%, Investment Firm Sees Huge Upside
- Nigerian Stock Market Cap. Declines by N206bn to N160.52trn
- Oyedele Seeks Support for SMEs to Drive Nigeria’s Economic Growth
- Cardano Price Drops to $0.21 as Selloffs Hit Altcoins
FX Market
The naira fell N30 or 2.17% to N1,361 per US dollar in the Nigerian Foreign Exchange Market…
China’s Foreign Reserves Hit 10-Year High at $3.428trn China’s foreign exchange reserves totalled 3.4278 trillion…
The Central Bank of Nigeria (CBN) increased its intervention in the forex market during the week by injecting an $300 million to reduce the naira’s all-week negative fluctuations.
The naira depreciated across the foreign exchange market due to tight liquidity in the official and informal segments of the local currency market.
Naira fell against the US dollar for the 11th consecutive trading session on Wednesday, reflecting a lack of adequate foreign currency liquidity to meet international payments.
Euro Rises as Markets Price ECB Rate Cut The euro rose modestly to $1.165, partially…
British Pound Climbs Amidst Downgraded UK Growth Forecast The British pound or sterling has risen…