Tag: foreign exchange market
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Naira Weakens to N1,600 as U.S. Dollar Index Hits Lowest Point Since 2022
The Nigerian naira has depreciated to N1,600 per U.S. dollar in the official foreign exchange market, marking a significant downturn from its previous rate...
TNC Daily Open: Stocks Drop as Tariffs Take Effect, Prices May Rise
This report is from today’s TNC's Daily Open, our international markets update. TNC Daily Open keeps investors informed on everything they need to know,...
Naira Under Pressure Despite Record-High FX Turnover And Reserves
The pressure on the foreign exchange (FX) market persisted on Monday, with the naira trading at N1,740 per dollar in the parallel market despite...
Naira Plunges Over N100 in Official Market Amid US Interest Rate Speculation
Even though August's headline inflation rate was lower than usual, the Naira fell more than N100 against the US dollar at the official window.
According...
Naira Gains as the Local Dollar-Bond Record Rises
Thursday saw a notable increase in the value of the naira relative to the US dollar, as a result of the record-breaking domestic bond...
