Nigeria Breaking News
Bitcoin is holding steady around $84,000, maintaining stability over the past 24 hours amid mixed market signals. The cryptocurrency rebounded from early April lows near $75,000, but analysts remain split on whether this marks a true trend reversal or a temporary bounce. On-chain data shows signs of recovering demand, though trading volumes remain well below …
The naira yesterday depreciated to N1, 620 per dollar in the parallel market from N1,618 per dollar on Tuesday. But, the Naira appreciated to N1,599 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,599 …
The naira yesterday appreciated to N1, 618 per dollar in the parallel market from N1,620 per dollar on Monday. But, the Naira depreciated to N1,604 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,604 …
The Naira appreciated yesterday to N1,590 per dollar in the parallel market from N1,600 per dollar last weekend. However, the Naira depreciated to N1,549 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,549 per …
The Naira yesterday depreciated to N1,585 per dollar in the parallel market from N1,565 per dollar on Tuesday. Similarly, the Naira depreciated to N1,546 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,546 per …
A curious twist has emerged in Nigeria’s foreign exchange market, leaving Bureau De Change (BDC) operators in a precarious position. The Association of Bureau De Change Operators of Nigeria (ABCON) reports that its members are now hesitant to purchase foreign exchange from banks, a direct consequence of the parallel market rate falling below the interbank …
The Naira yesterday depreciated to N1,515 per dollar in the parallel market from N1,510 per dollar on Monday. Similarly, the Naira depreciated to N1,502 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,502 per …
The Naira today depreciated to N1,505 per dollar in the parallel market from N1,495 per dollar on Thursday. Similarly, the Naira depreciated to N1,500 per dollar in the Nigerian Foreign Exchange Market (NFEM) Dat published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,500 per …
The stock market recorded N20.19 billion net foreign investment outflow in January indicating risk of liquidity crunch in the market. Vanguard’s analysis from the data released by the Nigerian Exchange Limited, NGX showed that foreign outflow in January 2025 recorded N45.85 billion against the foreign inflow, which stood at N25.66 billion. Also, foreign inflow into the stock …
The Naira yesterday depreciated to N1,502 per dollar in the parallel market from N1,500 per dollar on Monday. However, the Naira appreciated to N1,501.5 per dollar in the Nigerian Foreign Exchange Market (NFEM) Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,501.5 per …