The Naira on Friday gained ₦1 to close at ₦358 to the dollar at the parallel market in Lagos. The News Agency of Nigeria (NAN) reports that the naira traded stronger on the eve of elections than Thursday when it closed at ₦359 to a dollar. The Pound Sterling was sold at ₦470 and the […]
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The total credit to the Federal Government rose by 34 percent to ₦4.87 trillion in 2018, while credit to the private sector rose marginally by 1.96 percent to ₦22.73 trillion. This was revealed by the Central Bank of Nigeria, CBN, in its Depository Corporation survey released last week. The survey also showed that banks’ current […]
Read More In spite of the increasing risk to the naira exchange rate from declining crude oil prices, which dropped below $50 per barrel last week, consumers across the country expect the naira to appreciate in 2019. They, however, expect the inflation rate, interest rate and unemployment rate to rise in the New Year. Meanwhile, the Manufacturing […]
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The Naira, yesterday, appreciated to ₦364.93 per dollar in the Investors and Exporters (I&E) window due to a 58 percent rise in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦364.93 per dollar yesterday from ₦364.96 per dollar on Tuesday, translating to three kobo […]
Read More The Naira, yesterday, appreciated to ₦364.96 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦364.96 per dollar yesterday from ₦365.23 per dollar on Monday, translating to 27 kobo appreciation of the naira. Similarly, the naira yesterday appreciated by 10 kobo […]
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The naira appreciated slightly against the United States dollars across various segments of the foreign exchange (forex) market yesterday on sustained supply of the greenback by the Central Bank of Nigeria (CBN). Specifically, on the Bureau De Change (BDC) segment, the local currency strengthened by 0.82 per cent to close at ₦361 to a dollar, […]
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The Naira on Thursday exchanged at ₦363 to the dollar at the parallel market in Lagos, the News Agency of Nigeria, NAN, reports. At the Bureau De Change (BDC) window, the naira was sold at ₦360 to the dollar, while the Pound Sterling and the Euro closed at ₦470 and ₦415, respectively. Trading at the […]
Read More The Naira, yesterday, was stable at N364 per dollar in the parallel market. Meanwhile, the naira yesterday appreciated by seven kobo in the Investors and Exporters (I&E) window due to a 189 percent increase in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to N364.15 […]
Read More The Naira, yesterday, appreciated to ₦363.85 in the Investors and Exporters, I&E, window despite a 41 percent decline in the volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to N363.85 per dollar yesterday from ₦364.7 per dollar last week Friday, translating to 85 kobo appreciation of […]
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The Naira, yesterday, appreciated to ₦363.71 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded (turnover) rose by 65 percent. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦363.71 per dollar yesterday from ₦363.89 per dollar on Monday, translating to 18 kobo […]
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The Association of Bureaux De Change Operators of Nigeria has said that the 163 per cent increase in dollar sales to bureaux de change, to the tune of $3.1 billion in the first half of the year, helped to sustain exchange rate stability and protected 25,000 jobs in the subsector. The President, ABCON, Alhaji Aminu […]
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Diamond Bank Plc recently enlightened importers on ways of taking advantage of the recently signed currency swap deal between Nigeria and China. The bank which held a business seminar for importers and other small-scale business owners in the commercial city of Onitsha, on ways of improving their businesses said the forum was geared towards helping […]
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