30 results
- 23 Jul 2020
Naira Crashes to N473//$1 @ Black Market on Dollar Scarcity
The Naira dipped further on Thursday the dollar at the investor’s window, closing at N390.7 to a dollar from N388.7traded on Wednesday. At the parallel market, it fell to another new 3-year low…
- 10 Jun 2020
Nigeria's 5-Year Naira Futures Sink to 578 on Dollar Shortage
The naira for five-year settlement was quoted at 578.37 to the U.S. dollar on Wednesday, just off a record low of 584.11 last week, as a shortage of dollars piled on pressure, while the central bank…
- 16 Oct 2017
Dollars Rally Stall Oil Bitcoin On The Move
By Hussein Sayed Hussein Sayed, Chief Market Strategist at FXTM, comments on pressure faced by the Dollar and potential outcomes to the Catalonian vote. After enjoying a 4-week rally, the dollar came…
- 8 Mar 2021
Diaspora Remittances: Firstbank to Reward customers with N5 for Every Dollar Received
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances. This N5 for a dollar…
- 25 Jan 2024
NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer of 2023
NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on…
- 17 Feb 2016
CBN Eyes Exchange Rate of N500 to Dollar
Central Bank of Nigeria is reportedly pushing for exchange rate of N500 to a dollar at the parallel market to discourage importation of frivolous items into the country and in the process, conserve…
- 16 Dec 2016
King Dollar Returns in Style
The rising prospects of more US interest rate increases in 2017 has encouraged Dollar bullish investors to ruthlessly attack global stocks, emerging markets and commodities during trading this week.…
- 27 Jan 2016
Eskimi Introduces Naira Rates Due To Dollar Scarcity
Eskimi, ‎a mobile social network, has introduced Naira rates for Eskimi social platform due to dollar scarcity in the market. "We see that clients struggle to obtain dollar currency due to forex…
- 16 Apr 2016
Buhari Returns from China with Billions of Dollars
President Muhammadu Buhari has expressed satisfaction with the outcome of his working visit to China which he said yielded additional investments to Nigeria exceeding six billion dollars. In a…
- 25 Jan 2024
Investment Consultant Urges Recapitalization of Banks In Dollars
Mr Idakolo Gbolade, chief executive officer, SD and D, Capital Management, has said that for the banking sector to be resilient and able to effectively fund the 1 trillion dollar economy being…
- 18 Sept 2017
Illegal Dollar Evacuation to Dubai Threatens Naira
Alhaji Aminu Gwadabe, the President of Association of Bureaux De Change Operators of Nigeria (ABCON), has said that consistent evacuation of dollars illegally from Nigeria to Dubai is a threat to…
- 24 Jan 2017
FXTM Analysis- Trump Fueled Dollar Rally Falters
FXTM Research Analyst Lukman Otunuga comments on a depreciating Dollar from the persistent Trump uncertainties has played a key part in the GBPUSD’s sharp rebound with further upside expected in the…
- 21 Jul 2016
Confusion as Naira Falls to N373 to Dollar
The foreign exchange market swung left and right yesterday, forcing the Naira to drop to a new low in both the official and parallel markets, exchanging at N292.90 and N373 to the dollar respectively…
- 16 Nov 2016
Dollar Bulls Remain Relentless
Trump’s presidential triumph may be the best event that has happened to the Dollar Index this year which currently hovers around 11 month highs at 100.35 as of writing. The surprise victory swiftly…
- 28 Dec 2018
Naira finds comfort in Dollar weakness
By Lukman Otunuga The Naira was granted some breathing room this week as the Dollar weakened on slowing growth fears in the United States. While the local currency has scope to end gains amid…
- 16 Oct 2013
Nigerians Buy and Sell Dollars in Dubai, Saudi Arabia-CBN
Central Bank of Nigeria (CBN) said it has uncovered a new wave of economic crime where some Nigerians buy the United States Dollars in Nigeria and take them to Dubai (in the United Arab Emirates) and…
- 7 Jan 2021
Customers Commend Polaris Bank on Dollars Payout
Polaris Bank said it has continued to receive plaudits from its customers since it commenced payment of US dollars to beneficiaries of money transfer in line with Central Bank of Nigeria’s (CBN)…
- 5 Mar 2016
Banks Hit by Dollar Restraint, Delay Forex Loan
There were indications yesterday that restriction on the dollar by the Central Bank of Nigeria (CBN) is adversely affecting banks in Nigeria, as it has forced a delay of hard currency loan and trade…
- 23 Oct 2018
Naira softens against Dollar on parallel markets
By Lukman Otunuga, Research Analyst at FXTM The Naira eased slightly against the Dollar on the parallel markets as geopolitical concerns weighed on emerging market currencies. Reports…
- 17 Aug 2016
FXTM Analysis: Dollar Sensitivity Seizes Centre Stage
The Dollar displayed extreme signs of sensitivity on Tuesday with prices left vulnerable to heavy losses as expectations fluctuated over the Federal Reserve raising US interest rates in 2016.…
- 2 Jun 2026
Meta, TikTok, Snapchat and Google Reach Multi-Million Dollar Deal in School Lawsuit
Several leading social media companies have agreed to pay approximately 27 million dollars to settle a lawsuit filed by a school district in the United States over claims that their platforms…
- 6 Dec 2013
Naira Hits N171 Per Dollar as Banks Halt Sale of Forex
The Naira has hit N171 to one United States dollar at the Bureau-de-changes (BDCs), only outlets currently selling to the public besides the parallel market. Banks are currently reluctant to sell…
- 27 Apr 2016
Dollar Bears Rev as FOMC Looms- FXTM Analyst
The bearish sentiment towards the Dollar descended to new depths during trading on Tuesday following a slew of tepid data from the States which rekindled concerns over the health of the world’s…
- 17 Feb 2017
Naira Plummets to N516 as Dollar Scarcity Widens
The Naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday. This is coming as the Presidency, through the…
- 1 Jul 2016
FXTM Analysis: Dollar Depressed Ahead Of ISM Manufacturing
Dollar bears were on the offensive during trading on Friday as the lingering Brexit anxieties heightened concerns over the Federal Reserve failing to raise US rates in 2016. US rate hike expectations…
- 26 Feb 2018
United States Dollar struggles ahead of Jerome Powell’s Congress testimony
The recent forex analysis has shown that Dollar is under threat to losses once again, with the Greenback at time of writing currently trending lower against all of its G10 counterparts, with the…
- 31 Jul 2017
FXTM Analysis: Time to Buy U.S Dollar?
FXTM Chief Market Strategist Hussein Sayed comments on the week ahead and what it might mean for the U.S. Dollar. Six months ago it was hard to believe that the Greenback will be plummeting against…
- 22 Oct 2016
Dollars Resurgence Rattles Currency Markets
Stock markets were erratic on Thursday with most major arenas violently swinging between losses and gains as the messy combination of depressed oil prices, a resurgent Dollar and rising ECB stimulus…
- 19 Apr 2017
FXTM: Mixed Messages On U.S. Dollar & Who Should You Listen To
FXTM Chief Market Strategist Hussein Sayed comments on the on-going developments in Gold. The U.S. dollar continued to recover from a five-month low against the Yen early Tuesday, after testing…
- 5 May 2017
FXTM Analysis: Sterling, Euro and Dollar In Focus
FXTM Research Analyst Lukman Otunuga comments on Sterling, Euro and Dollar. Asian stocks retreated on Thursday following the mixed cues from Wall Street overnight, after the Federal Reserve signaled…