Thursday, January 17, 2019
FINANCIAL WATCH: ABCON To Launch www.naijabdcs.com for  Live Rate May 2 - The Association of Bureaux De Change Operators of Nigeria (ABCON) will on May 2, 2018, launch www.naijabdcs.com, a live rate engine room created by the ABCON to promote...
Global stocks were flung onto a wild roller coaster ride during trading this week with most major markets violently oscillating between losses and gains as anxiety mounted ahead of the anticipated NFP. This anxiety triggered a sense risk aversion...
One of the great advantages of trading currencies is that the forex market is open 24 hours a day (from 5pm EST on Sunday until 4pm EST Friday). Economic data tends to be one of the most important catalysts...
The US Dollar retraced downward having launched a broad-based recovery against its major counterparts in the first half of the week. Taken together, price action probably reflects corrective pre-positioning ahead of Friday’s much-anticipated release of April’s US labor-market data...
The naira has depreciated slightly, exchanging at N320.5 to the dollar at the parallel market. According to NAN, the naira lost 50 kobo on Wednesday afternoon, from the N320 it traded against the dollar on Monday. Also, the naira traded against...
The naira weakened slightly against the dollar at the parallel market on Friday as it exchanged at N321 to the dollar. The News Agency of Nigeria (NAN) reports that the Nigerian currency lost N1 to the dollar from N320 rate...
The naira on Monday traded at N322 to a dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN) reports that the currency was stable the previous week, maintaining a value of between N315 and N320 to...
PZ Cussons Plc says it is paying as much as 70 per cent more than the official rate for dollars as the Central Bank of Nigeria trading restrictions reduce availability of foreign currency in Africa’s biggest economy. “Whilst the official...
The Naira on Wednesday, April 13 exchanged for N322 to the dollar at the parallel market. According to the News Agency of Nigeria, NAN, the Naira lost N0.5 from N321.5 it traded previously. However, the Pound Sterling and the Euro traded...
The Naira on Wednesday exchanged for N322 to the dollar at the parallel market. The News Agency of Nigeria (NAN) reports that the Naira lost N0.5 from N321.5 it traded previously. However, the Pound Sterling and the Euro traded for N450...
There may be relief soon for Nigerian businesses and manufacturers as the Central Bank of Nigeria (CBN) moves to reform and restore liquidity and two-way quotes to the autonomous foreign exchange (FX) markets which have been gummed up for...
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