Sell gas to us in Naira, GENCOs tell marketers
The power Generation Companies, GENCOs, have called on gas marketers to sell the product to them in Naira denomination against the current practice of indexing price in US dollars.
Naira stabilises at parallel market
The naira on Monday stabilised against the dollar at the parallel market, newsmen report.
N530bn bond, Tbills maturity to suppress scarcity of funds
There has been drastic reduction in demand for speculation due to fears of further appreciation of the naira
Naira Watch: Naira rises to N380/$
The naira Thursday appreciated by $5 to N380 per dollar in the parallel market due to improved dollar supply and decline in demand for dollars.
Naira Watch: External reserve hit $30.6b as Naira rises by N12 to N385/$
The naira Wednesday appreciated by N12 to N385 against the dollar in the parallel market due to $62 million dollar supply to bureaux de change segment by the Central Bank of Nigeria (CBN).
CBN injects $280m for SMEs, BDCs, invisibles as Naira rises to N397/$
The Central Bank of Nigeria (CBN) Tuesday said that it has supplied $280 million into various sectors of the market and the commencement of its weekly $20,000 sale to licensed Bureaux de Change. It also announced opening of bids for offering $100m wholesale 7-45 days forwards through the Deposit Money Banks (DMBs).
