Monday, April 29, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Tag "Foreign Exchange rate"

ABCON to CBN: Reduce FX rate so our members can bid for more dollars

    ABCON to CBN: Reduce FX rate so our members can bid for more dollars

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reduce its applicable buying exchange rate downward due to naira’s speedy

0 comment Read Full Article

Naira appreciates to N1,250/$ at parallel market

    Naira appreciates to N1,250/$ at parallel market

The naira, on Monday, appreciated to N1,250 per dollar at the parallel section of the foreign exchange (FX) market. The FX rate is a 0.43 percent increase from the N1,280

0 comment Read Full Article

Nigeria recorded over $1.5bn FX inflow in March, says CBN

    Nigeria recorded over $1.5bn FX inflow in March, says CBN

The Central Bank of Nigeria (CBN) says the economy recorded over $1.5 billion in foreign exchange (FX) inflow in March, indicating its monetary policy initiatives are effective. Hakama Ali, the

0 comment Read Full Article

Postulations affecting FX market… not everyone is an expert, says Tinubu

    Postulations affecting FX market… not everyone is an expert, says Tinubu

President Bola Tinubu says Nigerians should allow those assigned to manage Nigeria’s foreign exchange to perform their duties. Tinubu, during an emergency meeting on Thursday at the State House, Abuja,

0 comment Read Full Article

Naira appreciates to N1,419/$ at official market

  Naira appreciates to N1,419/$ at official market

The naira appreciated at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official window, on Monday. Naira rose by

0 comment Read Full Article

Customs adjusts FX rate for collection of duties from N951/$ to N1,356/$

  Customs adjusts FX rate for collection of duties from N951/$ to N1,356/$

The Nigeria Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties. The new rates were

0 comment Read Full Article

ICYMI: Inflation to hit 30% by December 2023, KPMG Nigeria predicts

  ICYMI: Inflation to hit 30% by December 2023, KPMG Nigeria predicts

KPMG Nigeria says it anticipates that the current inflationary pressure in Nigeria will persist till the end of 2023. In

0 comment Read Full Article

Customs increases FX rate for collection of duties from N770/$ to N783/$

  Customs increases FX rate for collection of duties from N770/$ to N783/$

The Nigerian Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties. The new rates were

0 comment Read Full Article

Naira hits new low, depreciates to N1,315/$ at parallel market

  Naira hits new low, depreciates to N1,315/$ at parallel market

The naira, on Thursday, depreciated further to N1,315 per dollar at the parallel section of the foreign exchange (FX) market.

0 comment Read Full Article

FX volatility: Give speculators reason to invest their dollars, MOMAN tells FG

  FX volatility: Give speculators reason to invest their dollars, MOMAN tells FG

Clement Isong, the chief executive officer of the Major Oil Marketers Association of Nigeria (MOMAN), says the federal government need

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