FX
23 Aug 2023
The confidence of local manufacturers further dipped to 54.1 points in the first quarter, compared with 55.0 points recorded in the previous quarter.
18 Aug 2023
Naira inched close to a 15 per cent gain against dollar in the parallel market within a week, trading around N820/$ in Lagos and Abuja yesterday evening.
14 Aug 2023
Before the advent of Russia-Ukraine in February 2022, UBA had put in place a robust risk management framework to adapt to any emerging risk in all its countries of operations.
11 Aug 2023
Harsh economic conditions, insecurity and foreign exchange (FX) crisis might have contributed significantly to the drop in foreign direct investment (FDIs) into the telecoms sector in 2022, with capital inflow falling by almost 50 per cent.
10 Aug 2023
Naira crashed to as low as N910/$, yesterday, at the parallel market as the market switched to a panic mood. With the local currency breaking the N900/$ psychological ceilings, there are fresh concerns that the troubled currency is still far from bottoming out ...
8 Aug 2023
Naira could be facing a fresh crisis as official and black market arbitrage, which narrowed to near zero a week after the foreign exchange (FX) rates convergence, has widened in one week.
7 Aug 2023
Miners have called on the Federal Government to partner them to explore the huge potential in the sector to increase the country's gross domestic product (GDP) and increase foreign exchange (FX) supply.
24 Jul 2023
Dissatisfied by the prolonged foreign exchange crisis, stockbrokers have stressed the need for investors to consider hedging their portfolio by purchasing dollar-denominated assets (foreign stocks, dollar mutual funds, Eurobonds and dollar-fixed deposits) to mitigate the impact of the currency devaluation.
12 Jul 2023
Open Access Data Centres (OADC), a WIOCC Group Company, has said that the recent foreign exchange (FX) rates unification in Nigeria would boost data centre investment in the country.
21 Jun 2023
Exactly a week after the Central Bank of Nigeria (CBN) pulled the plug on the foreign exchange (FX) market to allow gradual rates harmonisation around the Investors’ and Exporters’ (I&E) window, naira is trading higher at the black market for the first time since 2015.
25 May 2023
Four days before the inauguration of a new administration, naira seems to have lost its long-standing N750/$ resistance as it dipped to N760/$ yesterday.
19 May 2023
Market uncertainty, political risk and foreign exchange (FX) illiquidity and other headwinds have triggered an unprecedented drop in foreign appetite for the Nigerian capital market as total foreign transactions executed on the equities market declined by about 75 per cent in the last eight years.
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