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Naira and Dollar

Naira weakens further to N470/$ in parallel market

The naira further depreciated to N470/$ on Wednesday from N465/$ in the previous day in the parallel segment of the foreign exchange market. There has...

Mixed reactions trail unified exchange rates: LCCI, NECA, NACCIMA differ with CBN

By EMEKA EJERE The Central Bank of Nigeria (CBN) on Tuesday (July 7), moved closer to unifying the naira exchange rate when it adjusted the...

Forex, hedge contracts offers life line to banks

By FELIX OLOYEDE Portfolio investors in Nigeria are having hard time repatriating their funds due to the paucity of dollar in the country, caused by...
Naira and Dollar

Naira weakens further to N461.50/$ at parallel forex market

The naira depreciated from N460.50/$ to N461.50/$ at the parallel foreign exchange market on Thursday. The Investors and Exporters (I&E) FX window opened at N387.32,...
Naira and Dollar

Naira sheds 5.54% to N381.00/$1 at official forex window

The Naira depreciated 5.54 per cent at the official window on Tuesday closed at 381.00/$1 as the Central Bank of Nigeria (CBN) attempts to...

FirstBank’s FMAP Graduates Inaugural Management Associates

First Bank of Nigeria Limited has graduated 28 successful candidates in its inaugural FirstBank Management Associates Programme (FMAP), virtually held on Tuesday, 30 June...

PwC Nigeria admits 8 new Partners

PwC Nigeria has admitted eight professionals into its partnership, effective 1 July 2020. This is a record number for the leading professional services firm,...

Low activity in forex market signposts slump in Nigerian economy

By FELIX OLOYEDE The low volume of activities in the Nigerian foreign exchange market is an indication of the poor state of the country’s economy,...
Naira and Dollar

Naira sheds 0.16% to N386.63/$1 at Investors’ Forex Window

Naira weakened 0.16 per cent to N386.63/$1 at the Investors and Exporters (I&E) Foreign Exchange window on Wednesday as liquidity remained low. It opened at...

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