The Naira, yesterday, appreciated to ₦358 .5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux de change Operators of Nigeria (ABCON), the parallel market exchange rate fell to ₦358 per dollar yesterday from ₦360 per dollar the previous week, indicating ₦2 appreciation for 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 […]
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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, […]
Read More 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 […]
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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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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 […]
Read More The depreciation of the naira in the parallel market and the Investors and Exporters (I&E) window last week is expected to persist this week, even as the nation’s external reserves maintained its downward trend falling by $955 million in the first ten days of October. Last week the naira depreciated by ₦1 in the parallel […]
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The naira remained stable against the dollar at the parallel market in Lagos on Friday, still exchanging at ₦360 to the dollar. The naira was, however, traded against Pound Sterling and the Euro at ₦478 and ₦417, respectively. At the Bureau De Change (BDC), the naira was sold at ₦360 to the dollar, while its […]
Read More The Naira, yesterday, appreciated to ₦363.07 per dollar in the Investors and Exporters (I&E) window even as the volume of dollars traded dropped by 62 percent. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦363.07 per dollar yesterday from N363.11 per dollar on Monday, indicating four kobo appreciation of […]
Read More The naira yesterday appreciated to ₦358.5 per dollar in the parallel market. According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange dropped to ₦358.5 per dollar from N359 per dollar last week Friday, indicating 50 kobo appreciation of the naira. However, […]
Read More The Naira, yesterday, appreciated to ₦362.08 in the Investors and Exporters (I&E) window despite the 49 percent decline in volume of dollars traded. Data from FMDQ showed that the indicative exchange rate for the window dropped to ₦362.08 per dollar yesterday from ₦362.30 per dollar on Tuesday, indicating 22 kobo appreciation of the naira. The […]
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