Are you looking for Scholarships
In Nigeria and Abroad? You can find dozens here, for Masters, PHD and Undergraduate.

Home » Archives by category » Forex

Dollar, Stocks Suffer Losses In Asia As Fed Fails To Inspire

Dollar, Stocks Suffer Losses In Asia As Fed Fails To Inspire

The dollar suffered fresh losses on Thursday as Asian investors followed their New York counterparts in shifting out of the unit, unmoved by another interest rate hike and an upbeat assessment of the world’s top economy. The fall in the greenback was mirrored in a broad sell-off in regional equities as traders ignored another record […]

Global Stocks Mixed As Bitcoin Surges

Global Stocks Mixed As Bitcoin Surges

Global stocks were mixed Monday, with major US indices ending at fresh records as bitcoin futures surged in their debut on a major exchange. The Dow and S&P 500 edged to fresh records amid gains by technology shares as investors brushed off concerns over an explosion early in the day near Times Square that injured […]

Bitcoin Surges Above $18,000 In Debut On Major Bourse

Bitcoin Surges Above $18,000 In Debut On Major Bourse

Bitcoin surged past $18,000 after making its debut on a major global exchange but was trading lower on Monday, highlighting the volatility of the controversial digital currency that has some investors excited but others nervous. Trading on a futures contract began at 6:00 pm (2300 GMT) on the Chicago board options exchange (Cboe) at a […]

Bitcoin Hits New Record Beyond $14,000

Bitcoin Hits New Record Beyond $14,000

Bitcoin has ploughed past $14,000 to a fresh record on Thursday as investors continued to pile in, triggering a warning the cryptocurrency was “like a charging train with no brakes” that would inevitably slip back. It touched a new high of $14,485 before slipping back to $14,398 in Asian afternoon trade, according to Bloomberg News. […]

CBN Weakens Naira To 307 per Dollar For First Time

CBN Weakens Naira To 307 per Dollar For First Time

The Central Bank of Nigeria (CBN) on Monday weakened the naira marginally, selling dollars at 307 for the first time on the official interbank market. Foreign exchange traders said the development signalled a gradual move to merge the regulator’s multiple exchange rates. According to a Reuters report, the country’s convoluted exchange rate system has been […]

CBN Injects $3.6bn Into Forex Market In 10 Months

CBN Injects $3.6bn Into Forex Market In 10 Months

The Central Bank of Nigeria (CBN) has reportedly injected $3.6bn into the forex market since February 2017. NAN reports that the naira has appreciated by 30.3 percent since the Central Bank of Nigeria (CBN) began its interventions at the foreign exchange market. The naira had reached a peak at N520 earlier in the year before […]

Forex: Naira Appreciates By 30.3% Against Dollar In 10 Months

Forex: Naira Appreciates By 30.3% Against Dollar In 10 Months

CBN’s intervention led to the current flattening of the rate at 362.5 to the dollar at the parallel market The naira has appreciated by 30.3 per cent since February when the Central Bank of Nigeria began its aggressive interventions at the foreign exchange market, the News Agency of Nigeria reports. The Nigerian currency had exchanged […]

Breaking: Bitcoin Slides More Than $2,000 To $9,146

Breaking: Bitcoin Slides More Than $2,000 To $9,146

Bitcoin slides more than $2,000 in under 24 hours to $9,146; 7 percent lower on day and 20 percent down from Wednesday’s peak. That means whoever bought the cryptocurrency at yesterday’s record highs has lost around $2,000 per bitcoin.

Bitcoin Surges Beyond $10,000

Bitcoin Surges Beyond $10,000

Bitcoin has spiked 933 percent since the beginning of the year, when it traded at $968.23 Bitcoin is now worth over $10,000. The cryptocurrency, which crossed the milestone for the first time since its creation in 2008, surged past $10,000 on Tuesday evening as it climbs toward $11,000, according to research site CoinDesk. Bitcoin has […]

CBN Boosts Forex Market With $210 Million

CBN Boosts Forex Market With $210 Million

The Central Bank of Nigeria on Tuesday announced the injection of another $210 million to boost liquidity in the inter-bank foreign exchange market. Disclosing this in Abuja, Acting Director, Corporate Communications Department, CBN, Mr Isaac Okorafor, said $100million of the amount was offered to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment […]

Page 1 of 77123Next ›Last »

Contact Us
Call +234 813 069 1462