34.2 C
Lagos
Thursday, May 9, 2024
- Advertisement -spot_img

CATEGORY

Currencies

Dangote Cement, Ethiopian Airlines in $100m Currency Swap

The Federal Government of Nigeria and Ethiopia’s central banks have reached a deal to swap $100 million in funds blocked as a result of...

Dollar Drought Haunts Frontier Economies

As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya's KTDA co-operative produces 3,400 miles away on...

Asian Shares Fall As Yuan Near 8-Month Low On Rate Risks

Asian shares fell on Thursday after global central banks reaffirmed their resolve to beat inflation, warning rates may need to rise further, while the...

Dollar Firm Ahead Of U.S Goods, Housing Data

The U.S dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders looked ahead to U.S. data that...

Stocks Struggle To Shake Off Growth Amid Rates Fears

Equity markets attempted on Tuesday to shake off recent weakness amid renewed expectations for further Chinese stimulus and optimism that a looming downturn economic...

Naira Falls By 0.66% Against Dollar

The naira on Friday closed on a negative note as it exchanged for N770.17 against the dollar at the investors and exporters window. The naira...

Turkey’s Lira Sinks To Record Lows After Rate Hike

Turkey lira weakened as much as 2.8% to a fresh record low early on Friday, extending losses as the central bank's large rate hike...

Why Opening eNaira Account A Game-Changing Opportunity

The global payments landscape has evolved dramatically over the years, with digital payments now making the exchange of value easier, faster, and more reliable. Today,...

Nigeria Onshore 5-year NDFs in big move down to $1/N569

Nigeria’s 5-year onshore Non deliverable Forwards (NDF) has posted its biggest move, a 27 percent depreciation (N156) to N569.69. Along the curve the 1-year is...

Naira falls to $1/N440 at black market as CBN can’t meet demand

The Central Bank of Nigeria (CBN) resumed sales of dollars to Bureau Du changes (BDCs) for school fees and Small and Medium Enterprises (SMEs)...

Latest news

- Advertisement -spot_img