Naira Still Largely Undervalued – Renaissance Capital Nigerian naira remains largely undervalued, Renaissance Capital said in its latest report. Renaissance Capital Africa says at the March 28 level of N1,303/$,…
Naira Races to Beat Goldman Sachs Forecast The exchange rate appreciated further midweek as the Nigerian naira continued to claw back previous losses sustained in the forex markets. At the…
The Nigerian naira continued its upward gain against the American dollar, closing at an official exchange rate of N1278.58 to $1 on Tuesday, 2nd April 2024. The Tuesday NAFEX figure…
Naira Appreciates by 22% to Close at N1309 in March The naira is regaining ground in foreign exchange markets thanks to renewed regulatory interest in exchange rate stabilisation; both official…
Naira Appreciation: Some Sectors May Witness Drop in Prices—Economist A Development Economist, Prof. Ken Ife, says some sectors may soon likely witness a drop in prices as the Naira appreciates…
Bishop Matthew Kukah has faulted the distribution of palliative to Nigerians in the wake of the biting hardship facing the country. The government’s floating of the naira and the removal…
Nigerian Banks to Benefit from Interest Rate Hike –Fitch Nigerian banks’ profitability will benefit from a marked increase in net interest margins (NIMs) driven by recent increases in the monetary…
Nadeem Anjarwalla managed to jet out of the African nation on Friday. He and colleague Tigran Gambaryan have been detained without charge for more than a month. Nigeria’s tax agency…
Abuja, Nigeria CNN — A Nigerian woman who wrote an online review of a can of tomato puree is facing imprisonment after its manufacturer accused her of making a “malicious…
Naira Halts Gaining Streaks Amidst FX Subsidies The Nigerian naira paused gaining streaks in the official window on Thursday amidst apex bank subsided US dollar sales to currency traders. The…
Disgraced cryptocurrency wunderkind Sam Bankman-Fried was sentenced to 25 years in jail on Thursday — a stunning descent for a figure who seemed poised to lead an emerging sector less…
Naira Rallies Across FX Markets, Official Rate Now N1382 Exchange rates continued to rise against the US dollar on Tuesday, defying the recent past downward trend in the forex markets…
Nigerian Insurance Industry Gross Premiums Stood at N1.003trn in Fourth 2023 – NAICOM The Gross Premium Written of the Nigerian Insurance industry for fourth quarter of 2023 stood at N1.003…
Naira Rises as Tenacious CBN Flood Banks, BDCs with FX The foreign currency injections made by the apex bank to deposit money banks and bureaux de change (BDCs) in its…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for…
Naira Upbeats All Fronts as CBN Humbles FX Whales The Nigerian naira trended positively against the dominant foreign currency, the US dollar, across forex markets due to efforts by the…
Yield on Nigerian Treasury Bills Decreased to 17.7% The average yield on Nigerian Treasury bills declined 91 basis points to close at 17.71% due to selloffs in the secondary market,…
Investors Lose N248bn as Bears ‘Raid’ Nigerian Bourse Equities investors’ wealth plunged by about N248 billion as bears raided the Nigerian Exchange in the just concluded week. The latest negative…
As the naira gradually appreciates against the dollar after months of unprecendented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the…
Naira Appreciation: We’ll Unleash More Economic Measures- Tinubu President Bola Tinubu, says his administration will unleash a number of measures to revive the economy, based on the recent appreciation of…
