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The Nigerian Naira maintained relative stability against the United States Dollar during early morning trading across both official and parallel markets. Financial market data on Tuesday showed the local currency trading near N1,370.94 per dollar at the official window. Bureau de Change operators in Lagos and Abuja reported similar tight trading spreads, indicating a temporary…
Gold opened the new trading week on a cautious note, slipping below the $4,700 mark as geopolitical tensions and expectations of a hawkish United States Federal Reserve continued to weigh on the precious metal’s recent recovery. The commodity fell 0.5 percent to $4,690 per ounce at the London stock market on Monday, according…
The American dollar surged on Monday as investors abandoned riskier assets following a sharp escalation in the conflict between Israel, the United States, and Iran. Demand for safe-haven assets rose after hopes for a weekend de-escalation evaporated, amid fresh threats of infrastructure strikes. The dollar index climbed 0.29% to 99.83, reversing a brief period of…
