US Dollar

The Naira at the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, depreciated by 4.28 per cent to close at N1,479.47 against the dollar on Thursday from N1418.78 reported Wednesday. The local currency depreciated on Thursday…

The U.S. dollar rose Tuesday, climbing to 10-month highs after bond yields soared to 16-year peaks amid growing expectations that U.S. interest rates will rise further this year. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks…

The Central Bank of Nigeria (CBN) has announced that beneficiaries of diaspora remittances sent through the international money transfer operators (IMTOs) shall now receive such inflows in foreign currency (US Dollar) through the designated…

The Nigerian private sector recorded steep growth as indicated by the Purchasing Managers’ Index that inched to 52.5 percent in September, amidst softening of rates of expansion in output and new orders. Over the month, companies…

US Dollar, Fed, Trade Wars, Housing Data, S&P 500 – Talking Points Global growth continues to slow but tight labor market, consumer holding recession fears at bay Markets may start to look at housing data since it has a…

Saudi Arabia on Monday denied reports that the kingdom plans to sell its oil in currencies other than the US dollar, the Saudi Press Agency reported. The report that Saudi Arabia is threatening to sell its oil in currencies other than…

GBOLABO AFUWAPE Nigeria’s local currency, Naira was weak to the dollar by 0.01 percent and closed at N364.65/$ to.remain flat at the close of Wednesday’s trading session. The currency which opened the day at N364.04/$ being 0.02…