The naira’s decline against the US dollar at the Nigeria Foreign Exchange Market (NFEM) has caused the official and parallel market rates to converge. At the close of the trading …
The Central Bank of Nigeria (CBN) injected $50 million into the foreign currency market to boost liquidity and step down pressures from increasing US dollars for offshore payments.Agriculture equipment To …
Investors’ interest in GTCO, Oando, Transcorp, and other stocks that increased in value drove up the Nigerian Exchange All-Share Index, leading to over N403 billion in capital gains. Trading concluded …
The Central Bank of Nigeria (CBN) allotted OMO bills worth N745 billion to investors at the end of its latest open market operation. The Apex Bank floated N600 billion at …
In the global commodity market, prices of crude oil declined on Wednesday ahead of two OPEC+ meetings scheduled this week; however, the US’ decision to prohibit Chevron from operating in …
The naira rose against the US dollar across foreign exchange (FX) markets due to sufficient foreign currency liquidity. Spot FX data from the FMDQ platform showed the naira appreciated by …
The official manufacturer and marketer of the Peugeot brand of vehicles in Nigeria, Dangote Peugeot Automobiles Nigeria Limited (DPAN), has taken another bold step towards regaining its leadership position in …
The naira appreciated to N1510 per US dollar in the foreign exchange market as analysts claimed that the Central Bank of Nigeria’s (CBN) FX code would boost foreign investors’ confidence …
The naira depreciated against the US dollar in official foreign exchange (FX) market as demand pressures increased after huge rally posted last week. The naira depreciated by 0.02% in the …
Transcorp Hotels Plc. plunged by about 10% in the equities market as investors offloaded the hospitality company shares amidst earnings expectation. The company stock saw huge gain that lifted its …
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