FOREX: Turnover In I&E Rises By 132% To $2.6bn       The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange (forex) market rose sharply by 132 per cent month-on-month (MoM) to $2.6 billion in May, 2021 from $1.12...

Naira Stabilizes At N480/$1 As CBN Eases Rate       The Naira has stabilized at N480/$1 at the bureau de change market after the Central Bank of Nigeria (CBN) removed the peg on the Naira. The CBN, it was learnt, removed the official peg on the Naira to...

Naira Gains N8 As Equities Make N778bn       The naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major gains of N777.9 billion as oil prices picked up. The All Share Index (ASI) grew by N778 billion to...