Solar eludes electricity-starved Nigerians on FX crisis
The foreign exchange crisis is said to be driving up the prices of solar equipment as households and businesses look for alternative power sources on the back of soaring diesel prices.…
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FX market
Fixed Income, Currencies markets: Turnover of N14.13trn in Jan. represents 31.2%…
Nigeria's Fixed Income and Currencies (FIC) markets turnover in January 2022 was N14.13trillion; representing month-on-month (MoM) decrease of 31.21percent (N6.41trillion) and year-on-year…
FX speculators selling off hoarded cash say senior Nigerian bankers
Senior Nigerian bankers say currency speculators are now beginning to bring out the foreign exchange they are hoarding to the market and selling, according to the Economist Intelligence…
Beyond aboki: A foreign tutorial
The most important determinant of the value of the Naira is whether or not the Nigerian economy is productive and competitive in international trade. That is to say, whether it has a…
FX total turnover drops on back of 9.03% slump in spot
Nigeria's total Foreign Exchange (FX) turnover in the Spot, Forwards and Futures markets for the week-ended June 18, 2021 declined by 15.22 percent to $583.88 million from $688.72 million…