Category: Economy

World stocks mixed as tech stocks crash

A day after major US tech giants’ shares took a hit, the world’s stock markets...

Confusion as official FX rate, black market widens

Nigeria’s official currency rate, which has been edging closer to N100/$ as of last Friday,...

Naira falls at official, black markets, increases at parallel market

In the Investors and Exporters and parallel market windows of the foreign exchange market on Friday, the...

FG’s revenue rose N321bn after exchange rate unification – FAAC

A recent communiqué from the Federation Account Allocation Committee has revealed that the unification of the country’s...

Naira crashes to N888/$1 on Binance

The naira/dollar exchange rate has fallen to N888/$1 on the cryptocurrency market, Binance. Currency limitations have...

Naira crashes to N888/$1 on Binance

The naira/dollar exchange rate has fallen to N888/$1 on the cryptocurrency market, Binance. Currency limitations have...

Naira strengthens trades at 793.70/dollar

The naira strengthened against the US dollar by closing at N793.70/$ on the Investor &...

Exchange rate hits N860/$1 on black market

The naira-to-dollar conversion rate on the black market has been listed as high as N860...

Inflation rate hits 22.79% in June – NBS

The National Bureau of Statistics on Monday disclosed that Nigeria’s inflation rate accelerated for the...

Naira drops to N820/$ as FX supply shortfall continues

The naira struck a new low over the weekend, trading at N822/$ in the black...

Equity market drops by N257bn as First Bank, others record losses

The market capitalization of the local exchange ended last week at N34.069 trillion, down by...

Exchange rate drops N803 per dollar at I&E window

On Friday, July 15, 2023, the exchange rate between the dollar and the naira decreased...

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