Naira crashes further as banks face dollar shortage – Report
The value of the naira has gotten worse as a result of the growing disparity between the supply and demand of dollars…
Dollar
Global stock markets find balance amid European equities
Global stock markets maintained a sense of equilibrium, with European equities showing resilience, particularly in response to Italy’s decision to allay concerns…
Strong dollar reduces economic output in Nigeria, others – IMF
The International Monetary Fund has declared that a 10% increase in the dollar, connected to dynamics in the global financial markets, reduced…
Naira drops 0.64% after Emefiele’s arrest – Report
The naira sank further against the dollar on Friday at the Investors and Exporters window, trading for N472.50 to the dollar. According…
Naira falls at parallel market, gains on I&E window
Naira experienced a decline of 0.54 per cent against dollar, closing at ₦750 on the black market while it slightly strengthened by…
Naira drops N462 against dollar at official market
The Naira-to-US Dollar exchange rate at the Investors and Exporters window decreased to N462.33 per dollar on Tuesday which represents a 0.14…
Euro strengthens, yen weakens ahead of European Central Bank meeting
As the week begins, investors are keeping a close eye on the Bank of Japan’s upcoming meeting and the last few data…
Dollar drops as inflation falls behind projection
The value of the dollar fell sharply on Wednesday after data indicated that the increase in U.S. consumer prices in March was…
Gold prices rise, US dollar weakens as European markets reopen
Gold prices climbed higher on Tuesday as the US dollar gave up some of its gains, and European markets reopened after the…
South African rand bows to rising dollar
South Africa’s rand experienced a decline on Monday against a strengthening US dollar, with investors anticipating the central bank’s verdict on monetary…
Lebanon to sell unlimited US dollars to save crashing pound
Lebanon’s central bank governor, Riad Salameh has announced that the bank will sell unlimited amounts of U.S. dollars to counter the escalating…
GTBank halts dollar transactions on naira Mastercards
Guaranty Trust Bank has suspended all international transactions on its naira MasterCards. This was disclosed in a statement issued by the…