•US dollars The dollar fell to a 1-1/2-month low of 98.298 against a basket of currencies today. Buoyant risk sentiment dampened demand for the world’s reserve currency, as the U.S. blocked Iran’s ports after the collapse of peace talks over the weekend, reports AFP. That left the euro trading 0.1% higher at $1.1769 while sterling […]...
•Dollar and Naira notes The Naira opened in the official window today, trading at approximately ₦1,356.74 per Dollar, after a period of moderate volatility observed in mid-March. Rates had fluctuated between ₦1,344 and ₦1,370. Data from the Nigerian Foreign Exchange Market (NFEM) showed that while the intraday high reached ₦1,362.00 in recent ...
•Dollar and Naira notes The Naira opened at 1,379.05 per dollar in the official window at Wednesday morning trading sessions in the Nigerian Foreign Exchange Market (NFEM), as rate fluctuated within a narrow range, reaching a low of 1,376.02 before rebounding slightly. By 7:30 AM WAT, the exchange rate was quoted at approximately 1,377.04 per ...
•Dollar notes The dollar strengthened today after the United States struck Iran’s nuclear facilities at the weekend. The dollar rose against other currencies, but analysts raised questions, reports AFP. “If the increase proves to be just a knee-jerk reaction to what is perceived as short-lived US involvement in the Middle-East conflict, the do...
•Naira and Dollar notes The Naira depreciated yesterday at the official market, trading at N1,602.18 to the dollar. Data from the Central Bank of Nigeria (CBN) website showed that the Naira lost N5.49, reports NAN. This represents a 0.34 per cent loss when compared to the N1,596.69 per dollar recorded on Wednesday, April 30, before […]...
•NAHCOM chairman, Professor Abdullahi Saleh (L) and Emir of Argungu The National Hajj Commission (NAHCON) has announced plans to abolish the use of the dollar for Hajj-related payments, a move aimed at reducing the skyrocketing cost of Hajj fares. This was disclosed by the Commission’s Chairman, Professor Abdullahi Saleh Usman, during a courte...
US and European stocks powered higher, the dollar gained and bitcoin extended a record run on Monday, as traders took their lead from events in the United States and China. Chinese stock markets closed mixed and oil prices slid after China’s latest plans to stimulate its economy fell short of expectations, reports AFP. Wall Street’s […]...
The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and authorised forex dealers, advising them against rejecting old and lower dollar denominations from customers in the country. According to the apex bank, the directive became necessary as it had been inundated with complaints from customers after it conducte...
The dollar rose today and Asia equities were mixed as investors weighed the possibility of another Donald Trump presidency after last week’s poor debate performance by incumbent Joe Biden. Speculation about a second term for the Republican rose on the Supreme Court’s ruling that all former leaders had “absolute immunity” from criminal prosecut...
•Foodstuffs Nigerians have reacted, stating that the surge in the dollar’s value is not solely responsible for the increase in the prices of goods. Reacting to a post on social media platforms, Nigerians emphasised that the decline in dollar might not affect the prices of goods as there are additional underlying factors influencing it, reports...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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