MARKET UPDATE
Advertisement Topt

TheCable

Tag "Folashodun Shonubi"

Naira appreciates to N890/$ at parallel market

    Naira appreciates to N890/$ at parallel market

The naira, Nigeria’s legal tender, is currently trading at N890 per dollar at the parallel section of the foreign exchange (FX) market. The figure represents an appreciation of 60 or

0 comment Read Full Article

CBN releases financial statements of 7 years, says it doubled profit to N65.6bn in 2022

    CBN releases financial statements of 7 years, says it doubled profit to N65.6bn in 2022

The Central Bank of Nigeria (CBN), on Thursday, released its audited financial statements for 2016-2022, amid an ongoing investigation of its operations. The apex bank said the financial statements of

0 comment Read Full Article

Diversion of diaspora remittances to parallel market weakens naira, says CBN

    Diversion of diaspora remittances to parallel market weakens naira, says CBN

The Central Bank of Nigeria (CBN) has attributed the free fall of the naira against the dollar to the diversion of diaspora remittances to the parallel market. Folashodun Shonubi, CBN

0 comment Read Full Article

Naira strengthens against dollar, closes at N740/$ at I&E window

    Naira strengthens against dollar, closes at N740/$ at I&E window

The naira, Nigeria’s legal tender, closed at N740.08 per dollar at the investors and exporters (I&E) window on Wednesday. The I&E foreign exchange (FX) window is the market trading segment

0 comment Read Full Article

CBN makes first MPC decision under Tinubu, hikes interest rate to 18.75%

  CBN makes first MPC decision under Tinubu, hikes interest rate to 18.75%

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks

0 comment Read Full Article
error: Content is protected from copying.