Oil Market Rises As Dollar Weakens
On Thursday, the oil market rose after retail data in the United States prompted a sell-off in the Dollar, the trading currency for the commodity, with Brent crude futures up by $1.26 or 1.5 per cent to $82.86 a...
Naira Gains Marginally, Exchanges for N1,499 per Dollar
The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499 per Dollar from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market.
This means the naira gained by 2.3 per...
Naira Drops to N1,534 per Dollar
In the official foreign exchange market, naira fell to an new all-time-low as it sells for N1,534 per Dollar on Monday.
This shows a loss of 3.93 per cent fall or N58 from the N1,476.13/$ the national currency closed last...
Dollar Supply Rises by 180% in FX Market as Banks Sell $440m
Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday.
This is as the naira closed the week at N1435.53/$ on Friday after what was a turbulent week.
According...
JUST IN: FG Increases Exchange Rate for Cargo Clearance to N1356 Per Dollar
The Nigerian government through the Central Bank of Nigeria (CBN) has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar.
This adjustment follows recent increases in the exchange rate...
UK, US Airfare Surges By 55%
As a result of the depreciation of the naira against the United States dollar by 55 per cent on the official foreign exchange market, there has been a decline in airfare on international routes in Nigeria.
The naira plummeted from...
