Sunday, June 20, 2021
MARKET UPDATE

TheCable

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Tag "dollar"

Will the naira ever return to its former glory?

    Will the naira ever return to its former glory?

There was a time when the Naira was worth almost twice as much as the Dollar and equivalent to the British Pound. Almost three decades later, the local currency is

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Is it too late to ‘dollarise’ pension funds in Nigeria?

    Is it too late to ‘dollarise’ pension funds in Nigeria?

My both parents are pensioners and I am fortunate to still have them around. Thanks to the pandemic, I spent more time with them in 2020 than I have done

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Rewane: Official exchange rate may depreciate to N420/$ in 2021

    Rewane: Official exchange rate may depreciate to N420/$ in 2021

Bismarck Rewane, managing director of Financial Derivatives Company, has projected that the naira will depreciate to N420 against the dollar on the official window by the end of 2021. Rewane

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Naira reverses loss, trades at N470/$ after new CBN policy

    Naira reverses loss, trades at N470/$ after new CBN policy

For the second consecutive day, the naira has firmed up against the dollar. It is currently trading at N470 to the dollar. The naira, which had previously exchanged at N500/$,

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Davido: I almost cried today when l changed N500 for $1

  Davido: I almost cried today when l changed N500 for $1
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FX crunch: Anger, frustration as banks ration dollar among customers

  FX crunch: Anger, frustration as banks ration dollar among customers

Nigerian banks are now rationing forex withdrawals by customers, TheCable can report. The economy has suffered a double blow from

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‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

  ‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with exchanging the

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Speculators should prepare for losses, CBN reacts as naira trades at N420/$

  Speculators should prepare for losses, CBN reacts as naira trades at N420/$

The naira continued its rally against the dollar at the parallel market section of the foreign exchange market. Bureau de

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Naira strengthens against dollar ahead of CBN FX sales to BDCs

  Naira strengthens against dollar ahead of CBN FX sales to BDCs

The naira has strengthened at the parallel market to N448 against the dollar after the Central Bank of Nigeria (CBN)

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GTB dollar spending limit hits record low — $100 per month

  GTB dollar spending limit hits record low — $100 per month

Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. This was

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