JP Morgan, an American multinational financial services firm, says the naira is expected to appreciate, and trade at about N600 to the dollar in the coming months. The financial institution made the projection in a statement on Thursday. On Wednesday, the Central Bank of Nigeria announced the unification of all segments of the forex exchange […]
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The Central Bank of Nigeria (CBN) says it has made another intervention of $298.71 million in the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Isaac Okorafor, disclosed this in a statement in Abuja on Friday. Mr Okorafor said the bank had also injected 39.69 million Chinese Yuan (CNY) in the […]
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The Central Bank of Nigeria (CBN), has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers. The CBN Director, Corporate Communications Department, Mr Isaac Okorafor, in a statement on Tuesday, noted that 100 million dollars was offered to authorised dealers in the wholesale segment of the market. He […]
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The Naira on Wednesday lost one kobo to exchange at N358.4, weaker than N358.3 traded on Tuesday at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro traded at N484 and N414. At the Bureau De Change (BDC) window, the Naira closed at N360 to the […]
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The construction of the 650,000 barrels of crude oil per day by Dangote Refinery is expected to help Nigeria save over N2.7 trillion ($7.5 billion) through import substitution. The project, will put Nigeria on the global map as major oil and gas hub in Africa, the Group Executive Director, Devakumar Edwin has hinted. Nigeria currently […]
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The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos. The Nigerian currency gained 50 kobo to close at N358, stronger than N358.5 traded on Tuesday, while the Pound Sterling and the Euro closed at N480 and N418.5 respectively. At the Bureau De Change (BDC) window, the naira closed at […]
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The Naira on Monday remained stable at the parallel market in Lagos exchanging at N358 to the dollar. The Nigerian currency had exchanged at same rate on July 20, while the Pound Sterling and the Euro closed at N480 and N418 respectively. At the Bureau De Change (BDC) window, the Naira was sold at N360 […]
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The Naira maintained N360 to the dollar at the parallel market on Monday in Lagos. The Nigerian currency had been trading at N360 to the Dollar for four days running, while the Pound Sterling and the Euro closed at N486 and N420, respectively. Trading at the investors’ window saw the naira close at N361.40 with […]
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The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360 to the dollar, the News Agency of Nigeria(NAN) reports. The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively. At the Bureau De Change […]
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The Naira on Wednesday gained 50 kobo to firm against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N361 to the dollar, stronger than the N361.50 traded on Tuesday, while the Pound Sterling and the Euro closed at N488 and N423, respectively. At […]
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