US Dollar Weakens Amid Fed Rate Cut Expectations
The US Dollar is experiencing a downturn as investors react to recent inflation data and anticipate potential interest rate cuts from the Federal Reserve....
Eight Nigerian Stocks Achieve Impressive Year-To-Date Gains In August 2024
As of August 2024, eight Nigerian stocks have shown remarkable performance by achieving triple-digit Year-to-Date (YtD) gains, despite the broader market's fluctuations. These stocks...
How Nigerians Can Seamlessly Make Dollar Transactions Online With Providus Naira Cards
For years, Nigerians have faced significant challenges when making international
transactions using their naira debit cards. This issue largely stems from regulations and
restrictions imposed by...
Naira Hits Record Low in July: Depreciates By N72.58 Against Dollar
The Nigerian Naira hit a new low, depreciating by N72.58 against the US dollar in July 2024.
The FMDQ financial market report revealed that the...
How Nigerians Can Make Online Purchases Using Dollar Card
Introduction
In today's connected world, more Nigerians are shopping online from international sites. A common issue is paying on these global platforms that require US...
Dollar Rate Drops as Naira Gains
As of August 10, 2024, the Naira has gained significantly against the dollar in the official foreign exchange market. According to data from FMDQ,...
Naira Drops to N1,600 per Dollar in Black Market
The Nigerian currency, the Naira, has recently seen changes in its value compared to the US dollar. These changes are different depending on which...
Dollar to Naira Exchange Rates: Black Market Update
As of August 2, 2024, the exchange rate for the U.S. dollar to the Nigerian naira in the black market, commonly referred to as...
CBN Sells $122.67 Million To Stabilize Forex Market, Reserves Surge To $35.05 Billion
The Central Bank of Nigeria (CBN) has sold approximately $122.67 million to 46 authorized dealers to promote stability and reduce volatility in the foreign...
Zedcrest’s Buys RMB Nigeria Stockbrokers At An estimated Value Of Over ₦400 million
Zedcrest, a Nigerian company that invests in debt and equity capital markets, has bought the Nigerian branch of RMB Stockbrokers for between ₦400 million...