Naira depreciates to N1,660/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Monday. But, the Naira appreciated to N1,549 per dollar in the official foreign exchange market. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) […]
Trump’s win: Global markets in upswing, Nigeria goes opposite direction
“A stronger dollar may drag oil prices lower as a result… bad news for major oil producing countries who acquire most of their revenues from oil sales”
Naira appreciates to N1,720/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,720 per dollar in the parallel market from N1,725 per dollar on Monday Similarly , the Naira appreciated to N1,671.32 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,671.32 per dollar from […]
CBN ready to use all tools to manage inflation — Cardoso
“With the reforms that are being taken right now, it will put Nigeria in a far better position to see the increase on the growth side”
Naira rises to N1,730/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend. However, the Naira depreciated to N1,670.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,670.65 per dollar from N1,600 […]
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
Cartoon: Moving from ‘Change’ to ‘Renewed Hope’ is expensive
