Monday, April 29, 2024
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Tag "Foreign exchange"

Naira appreciates at N490/$1 in parallel market after new CBN policy

    Naira appreciates at N490/$1 in parallel market after new CBN policy

The naira, on Tuesday, appreciated by 2 percent at N490 per dollar in the parallel market, but weakened by 1 percent at N394 to the dollar in the Import &

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Naira weakens at N500/$1 in parallel market after CBN adjustment

    Naira weakens at N500/$1 in parallel market after CBN adjustment

The naira, on Monday, weakened further at N500 to the dollar in the parallel after the Central Bank of Nigeria (CBN) adjusted the rate across foreign exchange market segments on

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Showbiz to reduce Nigeria’s dependence on oil for forex, says Lai

    Showbiz to reduce Nigeria’s dependence on oil for forex, says Lai
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Investors confidence soars as FX window records $1.323bn transactions

    Investors confidence soars as FX window records $1.323bn transactions

Trading results from the FMDQ OTC Securities Exchange, has shown that foreign exchange trading at the investors’ and exporters’ (I & E) window recorded an unprecedented high. The total market turnover

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Pump price increase likely as landing cost of petrol ‘rises above’ N145

  Pump price increase likely as landing cost of petrol ‘rises above’ N145

Except the government acts fast, Nigerians may have no other choice than to buy petrol above N145 per litre. According

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NNPC official: N145 no longer sustainable… pump price will increase

  NNPC official: N145 no longer sustainable… pump price will increase

Mele Kyari, group general manager, crude oil marketing division of the Nigerian National Petroleum Corporation (NNPC), says the increase pump

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Foreign investment in Nigeria sinks to 9-yr low

  Foreign investment in Nigeria sinks to 9-yr low

The inflow of foreign investments or capital importation in Nigeria has sunk to its lowest level since 2007, hitting $710

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CBN shuts interbank forex trading till 2016

  CBN shuts interbank forex trading till 2016

The Central Bank of Nigeria (CBN) has shut down the interbank foreign exchange market till January 4, 2016. The closure,

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