Mumbai: The weighted average call rate (WACR) inched above the repo rate for the first time in nearly two months as liquidity drained from the banking system, reducing below the ₹5-lakh crore mark. WACR stood at 5.31% on Tuesday, up from 5.24% on Monday, CCIL data showed. Banking system liquidity was at a surplus ₹4.91…
The Bank of Japan has sufficient room to accelerate its rate hike cycle as rising producer prices, strong wage growth and growing signs of cost pressures being passed on to consumers point to stronger underlying inflation, ICICI Bank Research said in a report. The report said the latest inflation data remained relatively benign, but government…
The naira opened the week with a relatively stable performance against the United States dollar at both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market on Monday, August 3, 2026. Data published by the Central Bank of Nigeria showed that the official NFEM rate was trading around ₦1,368 per dollar, with the…
As the Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) prepares to meet, economists are divided over the plausible decision of the committee on benchmark interest rate. At the end of its 305th MPC meeting held from 19 to 20 May in Abuja, the MPC retained the Monetary Policy Rate (MPR), its benchmark interest…
The Nigeria Centre for Disease Control and Prevention, NCDC, has expressed concern over the increasing death rate from Lassa fever, revealing that 214 people have died from the disease across the country in 2026. According to the agency’s latest situation report released on June 22, the Case Fatality Rate, CFR, has risen to 25 per…
The Federal Reserve has tolerated inflation above its 2% target for five years as it navigated a series of shocks, but analysts at Bank of America said that patience is coming to an end. In a note on Monday, BofA changed its forecast and predicted the Fed will raise rates by a quarter point three…
Latest data available from the Central Bank of Nigeria’s exchange rate portal showed the naira closed around ₦1,363.83 per dollar at the official Nigerian Foreign Exchange Market (NFEM) window at the start of the new trading week. The official market has largely traded within the ₦1,360 range in recent days, supported by ongoing reforms…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 11th June, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market?…
Data published by the Central Bank of Nigeria showed that the naira traded around ₦1,375.41 per dollar at the Nigerian Foreign Exchange Market (NFEM) window on Thursday, maintaining the relatively steady performance recorded in recent trading sessions. Currency traders attributed the stability to improved foreign exchange supply and continued reforms introduced by the Central…
The Naira steadied against the United States Dollar early Thursday in the official window for formal trade, the Nigerian Foreign Exchange Market (NFEM), after the Monetary Policy Committee (MPC) of the Central Bank of Nigeria voted to retain the Monetary Policy Rate (MPR) at 26.5%. The CBN’s decision followed its 305th meeting on May…
