dollar
NAIRA TENDS TO COMEBACK: N700 PER $1, EXPERTS PREDICTS.
The research firm pointed to unusually low volatility in the stock market, with the S&P 500’s current realized volatility gauge measuring at 0.8% over the last 100 days. That puts the benchmark index “solidly in bull market territory,” as the bull/bear market line has held around 1.1% since April, according to DataTrek cofounder Nicholas Colas. …
NAIRA TO TRADE FREELY AGAINST DOLLAR
The Central Bank of Nigeria(CBN) has reportedly grant banks freedom to trade forex at market-determined rate. In line with the President Bola Tinubu’s promise to unify the multiple exchange rate in the market, the Central Bank of Nigeria (CBN) has granted commercial banks and dealers in the forex market freedom to sell forex at a …
Naira weakens further to 570/1$ at parallel market.
As the country prepares for its annual Yuletide season, the country’s currency, the naira has further weakened to N570 per dollar at the parallel market ahead of yuletide. This was gathered at Black market where traders in Lagos who spoke to an online media TheCable on Friday put the buying price of the dollar at …
Naira devaluation continues, exchange rate now N440 per dollar
Last week the naira rate had moved from four hundred and eight naira per dollar to four hundred and twenty naira per dollar, following the Central Bank of Nigeria’s announcement to resume forex sales to the BDCs.
