Naira

August 15, (THEWILL) - The Investors’ and Exporters’ (I&E) window of the forex market recorded a total daily turnover of $1.6 billion between July 15 and August 14, 2023 marking the second month of floating the naira. The local...

August 10, (THEWILL) - The Naira plummeted to N915/$ on Wednesday, August 9, 2023, exactly two months after President Bola Tinubu suspended the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office on June 9, 2023. Checks...

July 26, (THEWILL) - The domestic equities market recorded its first negative performance this week as profit-taking in MTNN (-3.4% against N225.10 share price) drove the benchmark index 0.5% lower to 65,687.16 points against 65,991.02 points on Tuesday. Market capitalisation...

July 18, (THEWILL) - Lagos residents are bemoaning the second increase in petrol pump price unveiled Tuesday by the Nigerian National Petroleum Company Limited (NNPC Ltd), which caught them unawares. The NNPC retail outlets on Tuesday increased pump price of...

The Equity market touched the highest peak since 2008 on Friday, hitting N34,3 trillion from N33.7 trillion in the previous trading. The All-Share index advanced by 3.4% w/w to close at 63,040.41 points, pushing the YTD return to +23.0%.. The...

July 06, (THEWILL) -The Naira reversed the gains of Wednesday (N748.31) and depreciated by 2.8 percent to trade N762/63/$ at the I&E window according to FMDQ’s website on Thursday. Market turnover climbed to $89.37 million from $88.68 million the...

July 05, (THEWILL) – Nigeria’s deposit money banks have announced revised transaction limits that allow their customers to withdraw up to N200,000 from the Automated Teller Machines (ATM) per day. In a message to its customers through their e-mail,...

July 03, (THEWILL) - The Nigerian equities market picked up from where it left off last week, closing higher on gains in MTNN (+1.7% from N13.762 share price), STANBIC (+9.3% against share price of N59), and ACCESSCORP (+9.9% from...

June 30, (THEWILL) - The Bank of America has said that the Naira is now undervalued as its fair value estimate of N680/$ has been exceeded downwards, plunging the local currency into deeper devaluation as low as...

June 14, (THEWILL) - The Nigerian Naira lost 40 percent of its value Wednesday, the first day it was floated at the I&E Window of the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX), signaling a slope towards official...