currency appreciation
Naira records strongest gain against dollar as external reserves Hit $41.24b
The Nigerian Naira recorded its highest single-day gain against the U.S. dollar this week at the official foreign exchange market, bolstered by a steady increase in the country’s external reserves. Data from the Central Bank of Nigeria (CBN) revealed that the Naira appreciated to N1,535.47 per dollar on Thursday, up from N1,537.07 on Wednesday, representing […]
Dollar Rises in Asia Amid Trade Deal Optimism
The US dollar gained ground across Asian markets on Tuesday, buoyed by renewed optimism over potential international trade agreements aimed at circumventing the aggressive tariff policies of former US President Donald Trump. This resurgence in dollar strength comes at a critical time when global investors are navigating geopolitical tensions, fluctuating commodity prices, and a pivotal […]