External reserve drops by $50m as .as Naira rises to N383/$
By Babajide Komolafe The nation’s external reserve on Monday dropped by $50 million, the first time in six weeks. Since March 28th, the external reserve has been on the upward trend rising from $30.3 billion to $30.983 billion Friday last week. Data posted by the CBN on its website show that the rising trend was […]
Interest rate volatility to persist amidst N350bn inflow
THE volatility in interest rate in the interbank money market is expected to persist this week despite inflow of N350 billion from matured treasury bills.
Naira Watch: Naira depreciates to N407/$ as CBN releases $250m
The naira Wednesday depreciated to N407 per dollar yesterday in the parallel market even as the Central Bank of Nigeria (CBN) released additional $250 million on 7 to 30 day forwards for agriculture, airline, petroleum products and raw materials.
Naira Watch: Naira appreciates to N400/$, CBN to allow forex trading …
The Central Bank of Nigeria (CBN) is set to open a special window for foreign investors to trade in foreign exchange for dividends and investment remittances.
Naira sustains loss against dollar
The Naira on Tuesday sustained its loss against the dollar at the parallel market.
Naira Watch: Naira appreciates to N403/$
The naira Monday appreciated to N403 per dollar in the parallel market following indication that the CBN will sell $20,000 to each BDCs this week, up from the $10,000 usually sold to each BDC.
