The Naira exchanged at N708/$1 at the parallel market on Monday, representing a 0.43% fall compared to N705/$1 recorded as of the close of trade last week Friday. According to information for black market traders, the Naira also depreciated at the cryptocurrency peer-to-peer (P2P) FX market, trading at a minimum of N713.67/$1 on Monday morning. […]
Proshare Limited, one of Nigeria’s leading investment consulting firms, has described the sustained investments by FCMB Group in renewable energy as vital to the current drive by the Federal Government to achieve net zero carbon emissions in the country by year 2060. In a Note issued on Monday, the firm’s analysts noted that the group […]
Mixed sentiments continued in the Nigerian equities market trading on Wednesday as investors gained N1 billion at the close of the day’s trading session. As expected, the market’s All Share Index (ASI) rose by 2.01 points, representing a gain of 0.004 percent to 49,627.72 points. Similarly, investors gained N1 billion as market capitalisation surged to […]
Flutterwave, one of Africa’s leading payments technology start-ups, has announced that merchants can now accept eNaira payments from their customers on their platform apart from its other existing payment methods including cards, bank transfer, Barter by Flutterwave, amongst others. The eNaira is a digital currency issued and regulated by the Central Bank of Nigeria as […]
The Naira again slumped in value early Wednesday, trading at N707 to a US dollar at the parallel market, representing a 0.28% depreciation compared to N705/$1 recorded in the previous trading session. Similarly, the exchange rate at the cryptocurrency peer-to-peer (P2P) FX market also fell by 0.35% to trade at N706.98/$1 on Wednesday morning, as […]
President Mohammadu Buhari has urged the banking industry to develop innovative products and services in line with global best practices in order to meet the growing expectations of their customers for best, real-time services. The President gave the advice on Tuesday at the 15th Annual Banking and Finance Conference with the theme ‘Repositioning the Financial […]
The African Development Bank’s (AfDB’s) Acting Chief Economist and Vice President, Prof. Kevin Urama, has said that Africa is losing between five percent to 15 percent of its Gross Domestic Product (GDP) per capita growth to climate change and its negative impacts on the countries in the continent. Urama, was quoted in a statement posted […]
The Naira marginally appreciated in value as it traded at N705 to a US dollar on Tuesday at the parallel market, which represents a 0.14% appreciation from N706/$1 it traded the previous trading day. Similarly, it also recorded 0.14 percent appreciation at the cryptocurrency peer-to-peer (P2) FX market, traded at N704.5/$1 on Tuesday morning, as […]
Nigeria’s national currency – Naira – exchanged at N706/$1 on Monday morning, indicating 0.28% appreciation compared to N708/$1 it exchanged per dollar on Friday. According to information obtained from black market operators on the trading trend in the parallel market by our correspondent, the Naira, however, declined marginally against the US dollar at the official […]
The Naira, Nigeria’s currency, exchanged at N708/$1 on Friday morning, the same rate it exchanged for the dollar on Thursday. Information obtained from foreign exchange (Forex) operators, indicated that at the official Investors and Exporters (I&E) window, the Naira dipped further to close at N436.32/$ on Thursday, representing a slight appreciation of 0.04% when compared […]