[ad_1] KUALA LUMPUR: The ringgit opened lower against the US dollar today as technical correction prevailed following a sizeable rally over the last three trading days, said an analyst. At…
Tag: forex
Ringgit developments will not hurt economic growth prospects – PM Anwar
[ad_1] KUALA LUMPUR: Developments with the ringgit are not expected to affect the country’s economic growth prospects, according to Prime Minister Datuk Seri Anwar Ibrahim. He said the performance of…
CBN Begins Clearance Of $10bn Forex Backlogs Of Foreign Airlines, Others
[ad_1] The Central Bank of Nigeria (CBN), has started clearing over $10 billion foreign exchange backlogs of commercial banks and foreign airline operators. This is as the apex bank also…
MTN Nigeria’s nine-month profit slumps 45% to N147 billion on soaring forex loss
[ad_1] MTN Nigeria turned in a materially weaker net profit for the nine months to September as a steady decline in the value of the naira left its earnings hostage…
Ringgit likely to maintain between 4.77 and 4.78
[ad_1] KUALA LUMPUR: The outlook for the ringgit this week is expected to be “neutral to bullish” on improving sentiment anticipation following major central banks’ decisions. Kenanga Research said a…
Ringgit retreats to open lower vs us dollar
[ad_1] KUALA LUMPUR: The ringgit retreated from the previous day’s gains to open lower against the greenback today on rising US bond yields after the latest US economic data strengthened…
‘Clear, enforceable rules needed for Nigeria’s forex market’
[ad_1] The Chairman of brokerage firm, Parthian Partners Limited, owners of digital investment platform, i-invest, Dotun Sulaiman, has expressed optimism about the potential impact of the Central Bank of Nigeria…
Mixed finish for UK stocks as FTSE 100 gets boost from China
[ad_1] Stock prices in London ended largely lower on Wednesday as investors nervously eyed continuing tensions in the Middle East and an incoming interest rate decision from the European Central…
Forex crisis, a huge challenge for small businesses in Nigeria – Yobo
[ad_1] Adaeze Yobo, managing director/CEO of MY GLOW NG, a skincare brand, has emphasized the need for the government to address the issues of foreign exchange and naira devaluation to…
Nigeria’s dollar woes leave record N452 billion forex loss across big consumer goods companies
[ad_1] Not showing clear signs of vanishing soon, Nigeria’s dollar drought has become more complicated after Africa’s largest economy allowed its currency to weaken by about 40 per cent in…