Nigeria's Currency Futures Market at Standstill as Naira Swings – Bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Bloomberg Markets European Close. Live from New York and London, analyzing the major market moving stories across the day in Europe, hear from the biggest newsmakers and showcase the unrivaled expertise of Bloomberg News.
Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
Powerful stories, revealing conversations and animated explainers to help make sense of today's economic climate. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.
El-Erian Says Fed Has a ‘Real Problem’ With Communication
Norway Remains on Course for Soft Landing, Premier Says
UK House Prices Slump 11% When Taking Inflation Into Account
Everything You Thought About Free Trade Is Wrong
Fed’s Barkin Suggests Rate Cuts Possible If Inflation Keeps Falling
On-Demand Microtransit Can’t Escape This Big Problem
Rules of the Road Get a Long-Awaited Update in the US
Apple Pause on Holiday Watch Sales Points to Legal Bind It Faces
Alphabet, States Reach $700 Million Deal in Google Play Feud
You’ll Still Be Able to Get an Apple Watch at Best Buy, Walmart
Photonic Computing Startup Lightmatter Hits $1.2 Billion Valuation
AI Robot Outmaneuvers Humans in Maze Run Breakthrough
Amazon's AI Product Reviews Seen Exaggerating Negative Feedback
Mexico to Challenge Texas on Border Migrant Arrests, AMLO Says
French Lawmakers to Vote on Immigration Bill Backed by Far Right
Wall Street’s Dramatic Year Ends With Flat Bonuses for Traders
JPMorgan Among Winners as Latin American Wealth Flocks to Miami
Will the eruption of the volcano in Iceland affect flights and how serious is it?
Playing live, 'Nutcracker' musicians bring unseen signature to holiday staple
Case (Almost) Closed on Who Wrote ‘The Night Before Christmas’
Trump Gets One Thing Right About Obamacare
Pro Pickleball’s Woes Won’t Dent the Sport
Silicon Valley’s Quest to Live Forever Has Many Warring Factions
The Oldest Businesses in the World Share Their Secrets
The Most Secretive Longevity Lab Finally Opens Its Doors
UK Tells Schools to Include Parents If Children Change Gender
Citi Suit Raises #MeToo Allegations at Wall Street’s Top Levels
Oil Drillers Get Last Shot at Gulf of Mexico Leases Until 2025
Saving Animals From Extinction Is a Climate Strategy, Too
Rules of the Road Get a Long-Awaited Update in the US
Looking to Miami, Rio Markets Itself as a Tropical Silicon Valley
On-Demand Microtransit Can’t Escape This Big Problem
FTX, Bahamas Liquidators Set Rules to Value Coins, Pay Creditors
Bitcoin Mania Is Relentless With ETF Upstart Touting Carbon Credits
Crypto Entrepreneur Do Kwon’s Extradition Order Sent for Review
A customer withdraws Nigerian naira banknotes.
More than a month after Nigeria’s central bank dropped the naira’s peg against the dollar, the country’s market for exchange-traded futures has ground to a standstill as wide fluctuations in the local currency deter traders.
The naira has traded between 742 and 804 per dollar since June 15, the day after the Central Bank of Nigeria said it would allow the currency to trade freely in the so-called investors and exporters window, with the daily fixing on the FMDQ Exchange recognized as the official exchange rate.
