By Adedapo Adesanya The Naira appreciated against the United States Dollar at the parallel market, the Peer-2-Peer (P2P) and the Investors and Exporters (I&E) windows of the foreign exchange (FX) market on Friday, February 17, influenced by improvement in forex liquidity, though the threats remain. In the black market, the Nigerian currency gained against its… Continue reading Naira Appreciates Across FX Segments as Crypto Market Rises
Tag: crypto market
Naira Relatively Stable as Appetite for Cryptos Surges
By Adedapo Adesanya The Naira was relatively stable against the United States Dollar in the different segments of the foreign exchange (forex) market on Monday as traders remained worried about the volatility in the ecosystem. Yesterday, the new cash withdrawal policy of the Central Bank of Nigeria (CBN), which commenced on January 9, 2023, was… Continue reading Naira Relatively Stable as Appetite for Cryptos Surges
Solana Crashes to $9 Amid FTX Blow on Crypto Market
By Adedapo Adesanya As the cryptocurrency market continues to face serious headwinds, Solana (SOL), one of the most recognised tokens in the industry, has now fallen below $10. As of the time of this report, the token was trading at $9.52 after losing 21.3 per cent in the last seven days. The crypto has also… Continue reading Solana Crashes to $9 Amid FTX Blow on Crypto Market
Naira Depreciates at Official Market as Crypto Market Suffers
By Adedapo Adesanya The Nigerian Naira depreciated against the United States Dollar in the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Tuesday by 60 Kobo or 0.13 per cent to settle at N446.10/$1 compared with Monday’s rate of N445.50/$1. This happened despite a 64.8 per cent or $133.59 million decline… Continue reading Naira Depreciates at Official Market as Crypto Market Suffers
Trading Made Easy With Ripple
There are a lot of factors that determine your choice of currency when trading. For instance, if you want to know how to trade with Ripple, you must know the essential factors that affect the price of Ripple. Key Factors Affecting the Ripple Price Just like every other currency, the price of ripple is influenced… Continue reading Trading Made Easy With Ripple
Study Shows Investors Desperate to Sell Shiba Inu, Bitcoin
By Aduragbemi Omiyale New research conducted by Los Muertos by analysing Google Trends data has revealed that cryptocurrency investors in the United States of America are desperate to minimise their exposure to Shiba Inu and Bitcoin amid the latest wave of depression in the latter. The analysis revealed that Shiba Inu had the highest number… Continue reading Study Shows Investors Desperate to Sell Shiba Inu, Bitcoin
Naira Crashes to N608/$1 at P2P as Bitcoin, Others Fall
By Adedapo Adesanya The Naira further depreciated against the United States Dollar at the Peer-to-Peer (P2P) segment of the foreign exchange (FX) market on Wednesday by 0.66 per cent or N4 amid demand for stablecoins for the purchase of cryptos, which are witnessing distress at the moment. Analysis by Business Post indicated that the Naira was… Continue reading Naira Crashes to N608/$1 at P2P as Bitcoin, Others Fall
Mushe (XMU), Crypto.com and the Challenge to Put Cryptocurrency in Every Wallet
The cryptocurrency landscape is evolving and the next logical step is to get it in every wallet and on every smartphone. Mushe (XMU) and Crypto.com are leading the charge. The face of cryptocurrency has changed dramatically since the launch of Bitcoin in 2009, and the growth has accelerated to breakneck speeds over the past five… Continue reading Mushe (XMU), Crypto.com and the Challenge to Put Cryptocurrency in Every Wallet
Naira Slips 0.04% at FX Market as Bitcoin Drops 0.8% at Crypto Market
By Adedapo Adesanya The Naira depreciated against the US Dollar by 0.04 per cent or 17 kobo at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market on Thursday, April 7. During the trading session, forex end-users exchanged the Nigerian currency for the American currency at N416.67/$1 as against the N416.50/$1 it… Continue reading Naira Slips 0.04% at FX Market as Bitcoin Drops 0.8% at Crypto Market
Naira Depreciates I&E as Bitcoin Falls at Crypto Market
By Adedapo Adesanya The Naira depreciated against the United States Dollar by 0.04 per cent or 17 kobo on Thursday, March 17 at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market, closing at N416.67/$1 compared with the previous day’s rate of N416.50/$1. It was the first time the local currency was… Continue reading Naira Depreciates I&E as Bitcoin Falls at Crypto Market