Naira extends stability at official market
The currency stayed strong too at the black market.
The currency stayed strong too at the black market.
The currency traded at N415.10 to the dollar.
The currency has failed to make quality gain at the black market too.
Black market dealers have struggled to trade after abokiFX.com stopped publishing rates after the CBN threatened its owner.
The regulator says those allowing customers rip off the system will be punished.
A CBN investigative report provides a glimpse into the ownership of the fintech firms and their financial dealings.
...less attention should be placed on the foreign exchange market. We should see forex as a product, just like any ...
Floating the naira may lead to a spike in exchange rates, but the interplay of demand and supply would force ...
The currency fell both at the official and parallel markets.
The currency remained stable for two successive sessions at the parallel market.
Nigeria’s second largest brewer has been racking up losses since 2018 despite increased turnover.
The CBN said it was resuming with the provision of over $100 million per week for both categories.
CBN governor, Godwin Emefiele, the decision was being contemplated to conserve foreign exchange and support local production of the products.
CBN said the move is aimed at boosting local production of milk.
Customers in the Small and Medium Enterprises segment received 55 million dollars.
The Nigerian currency lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at ...
At the Bureau De Change, the naira traded at N362 to the dollar, while the Pound Sterling and the Euro ...
The reserves at the beginning of 2018 stood at $39.3 billion.
The Bureau De Change traded at N362 to the dollar, while the euro was sold at N482 since last week
The governor said the policy is crucial in sustaining economic growth.
The industrialist, who owns a wood-based products processing firm, also speaks on other matters.
The CBN offered $100 million to authorised dealers in the wholesale window.
“The invisible segment was offered $45 million intervention.”
The CBN management said it is quite pleased with the performance of the naira.
The Naira, however, depreciated at the investors’ window as it closed at N367.3 to the dollar.
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All content is Copyrighted © 2024 The Premium Times, Nigeria