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4 days ago · The Nigerian naira appreciated to N1,635 per dollar in the parallel market on Tuesday, strengthening from N1,650 per dollar recorded on Tuesday. This marks a N15 gain against the greenback as market forces drive slight improvements in foreign exchange rates. According to data from the Central Bank ...

4 days ago · Bureau de Change (BDC) operators in Nigeria have expressed optimism about the Naira’s prospects in 2025, forecasting a stronger currency buoyed by anticipated reforms in the country’s foreign exchange (forex) market. They said these reforms could improve currency stability, boost investor ...

Dec 4, 2024 · The naira recorded a huge gain against the US dollar at the parallel market, hitting N1640/$1, at the close of business on Wednesday, December 4, 2024.. This represents a 5.2% or N90 gain against the dollar when compared to the N1730 that was recorded the previous trading day.. The massive appreciation recorded against the dollar is coming with the kick-off of trading activities at EFEMS ...

Dec 11, 2024 · The naira depreciated further at the parallel market to close at N1685/$1 at the end of business on Tuesday, December 10, 2024, with the exchange rate falling for the second time since the Central Bank of Nigeria (CBN) migrated to the Enhanced Foreign Exchange Market System (EFEMS) platform.

A Federal High Court sitting in Lagos has issued a Mareva Injunction that temporarily restrains the co-founder of Seplat Energy Plc, Dr Ambrose Bryant Chukwuemeka Orjiako, popularly known as ABC Orjiako, and other firms linked to him, from accessing the …

Oct 26, 2024 · What to expect With the naira recently breaching the N1,700/$1 mark, there is potential for a short-term recovery. Global oil prices have now stabilized between $79 and $81 per barrel, and the Central Bank of Nigeria’s (CBN) consistent interventions may help ease some inflationary pressures, fostering a more positive outlook for the naira.

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Jan 3, 2025 · The Nigerian equities market continued its positive momentum on January 3, 2025, with the All-Share Index (ASI) advancing by 406.19 points to close at 103,586.33. This marked a 0.39% increase from the previous day’s close of 103,180.14, as the market maintained its strong start to the year ...

Electronic payment transactions in Nigeria rose to N1.07 quadrillion in 2024, reaching an all-time high and the first time to