Market Watch
Naira Strengthens to N1,541.52 in I&E Window Amid Positive Economic Developments
The naira, which is Nigeria's currency, improved against the US dollar, closing at N1,541.52 on Friday, September 20, 2024, in the official Investor and Exporter (I&E) window.
This small gain of 0.16% is from the N1,544.02...
Market Watch
Naira Remains Steady in Black Market While Weakening in Official Exchange
The Nigerian naira has traded for the third day in a row against the dollar at the same rate of N1,650 for $1 in the street market. In the official market, data from NAFEM showed that the local currency...
Market Watch
Naira Faces Strain in Black Market as U.S. Dollar Remains Strong
On Thursday, the local money didn't change much against the US dollar. Even though the US Central Bank lowered its interest rates, the dollar stayed strong. This was because they also hinted they might raise the rates again in...
Market Watch
Naira Strengthens to N1,539 at I&E Window Amid Dollar Weakness
On Wednesday, September 18, 2024, the value of the naira compared to the US dollar became better. It was N1,539.65 for each dollar. This happened because the dollar got weaker when the U.S. Federal Reserve cut their...
Market Watch
On Wednesday, the U.S. Federal Reserve made a big decision. They decided to cut their interest rates by 0.5%. This is a big change because more analysts think it will start a time where they keep lowering...
Market Watch
The value of Nigeria’s money, called the naira, compared to US dollars went down to N1,656.49 at the official exchange place on Tuesday, September 17, 2024.This is a 7.12% drop from N1,639.20 on September 13, 2024, even though there...
Market Watch
Naira Plummets by Over N100 in Official Market Amid U.S. Interest Rate Focus
The Naira has lost over N100 against the U.S. dollar in the official foreign exchange window, despite slower inflation in August.
According to the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira was sold at N1,656...
Market Watch
Ghana’s Cedi Poised for Rebound Ahead of Crucial U.S. Federal Decision on September 18
The Ghanaian cedi has lost more than 27% of its value against the U.S. dollar this year. But this decline might slow down because the U.S. Federal Reserve plans to cut interest rates on September 18, which...
Market Watch
Naira Plummets to N1,665/$ Amid Ongoing Dollar Shortages in Black Market
The local Nigerian currency, known as the Naira, went over the N1,160 mark against the US dollar last week, even though the dollar was not as strong.
In big cities in Nigeria, the Naira was worth...
Market Watch
Nigeria’s FX Reserves Increase by $620 Million in 10 Days Following Domestic Dollar Bond Issuance
Nigeria's foreign exchange (FX) reserves went up by $621.2 million in just 10 days after the country sold a special dollar bond inside the country.On September 2, 2024, Nigeria had $36.24 billion. By September 12, 2024, this amount grew...
Latest News
Ogun LG Polls: Court Postpones Case Challenging APC Candidate to November 13
Once upon a time, in a city called Abeokuta in Ogun State, Nigeria, there was a big case going...