13 Dec 2021
Afghanistan's currency dived to a record low against the US dollar on Monday, taking its losses over the last week to 30 percent as an economic collapse and humanitarian crisis grip the country.
25 Nov 2021
Wall Street stocks mostly rose and the dollar rallied Wednesday following a heavy load of mostly solid US economic data ahead of a holiday weekend.
23 Nov 2021
Markets mostly fell Tuesday and the dollar extended gains as investors bet on quicker Federal Reserve monetary tightening after boss Jerome Powell was nominated for a second term while oil fell on talk the United States was planning to release some of its reserves.
30 Sep 2021
Increasing political activities will worsen currency crisis, experts have warned.
14 Sep 2021
It was a gloomy start of a new week for the local currency, yesterday, as it fell to N550/$ at the parallel market to record another new low amid rising speculative trading.
12 Sep 2021
Speculative trading intensified at the parallel market of the foreign exchange market at the weekend, as the naira inches towards N550/$ amidst rising scarcity.
3 Sep 2021
The US dollar took a dive and gains in stocks evaporated after disappointing US jobs data, while Tokyo rose on stimulus hopes after Japan's prime minister signalled his exit.
29 Jul 2021
Twenty four hours after the Central Bank of Nigeria (CBN) came down hard on Bureau De Change (BDC) operators for allegedly facilitating money laundering and other forex infractions...
31 Mar 2021
European and Asian stock markets extended gains Tuesday, while the dollar hit a one-year high above 110 yen fueled by growing optimism about the global economic recovery.
29 Mar 2021
The Nigerian Government Sunday debunked claims that President Muhammadu Buhari promised he would make the naira have an equal value with the dollar. The claim is often repeated by the critics of the Buhari government to drive home arguments about him not fulfilling his campaign promises. According to publications by The Cable and Vanguard, Buhari…
23 Mar 2021
As manufacturers grabble with difficulties in accessing dollars to pay for imports of raw materials and machinery and as lingering foreign exchange scarcity takes its toll...
16 Mar 2021
A cautious tone dominated currency markets on Tuesday, before the start of the U.S. Federal Reserve’s two-day monetary policy meeting.