Monday, April 29, 2024
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Tag "exchange rate"

Naira trades at N410/$ in I&E window

    Naira trades at N410/$ in I&E window

The naira on Thursday traded at N410 per dollar in the import and export (I&E) window against the previous rate of N395 to the dollar. The official exchange rate quoted

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Rates unification closer as CBN adjusts spot rate to N379/$

    Rates unification closer as CBN adjusts spot rate to N379/$

The Central Bank of Nigeria (CBN) has adjusted the spot exchange rate displayed on its website to N379 against the dollar from N361. This signals another step towards the unification

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CBN adjusts official exchange rate to N381/$

    CBN adjusts official exchange rate to N381/$

The Central Bank of Nigeria has adjusted the official exchange rate to N381 to the dollar. This is another step towards the unification of the exchange rate as stated in

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External reserves ‘surge to $34b’

    External reserves ‘surge to $34b’

Joseph Nnanna, deputy governor, financial system stability, Central Bank of Nigeria (CBN), says external reserves have hit $34 billion from $33.6 billion. Nanna said the figure has been rising quickly,

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Dollar ‘scarce’ as naira falls to N367/$

  Dollar ‘scarce’ as naira falls to N367/$

The value of the naira against the dollar is declining as bureaux de change operators say the US currency is

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Osinbajo: We are gradually instilling confidence in our exchange rate regime

  Osinbajo: We are gradually instilling confidence in our exchange rate regime

Acting President Yemi Osinbajo says the federal government is slowly instilling confidence in the country’s exchange rate regime. Speaking on

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Cost of building materials still high despite fall of dollar

  Cost of building materials still high despite fall of dollar

The prices of building materials have not reduced despite the appreciation of naira at the foreign exchange market. According to

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Rewane proposes devaluation of naira after GDP rebasing

Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, said the recent rebasing of the country’s Gross Domestic Product (GDP) would

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