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Tag "forex"

No road back for the emerging market currencies

    No road back for the emerging market currencies

The current outlook for the emerging market currencies is extremely weak and the chances are very limited for a meaningful, sustained comeback anytime soon. These currencies are finding themselves under

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Dangote: No more importation of petrol once my refinery is ready

    Dangote: No more importation of petrol once my refinery is ready

Aliko Dangote, president of Dangote Group, has assured Nigerians that when his refinery is ready, the country would no longer need to import petroleum products. Speaking at the site of

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Weaker oil prices, slightly stronger naira… Nigeria’s economy on first trading day

    Weaker oil prices, slightly stronger naira… Nigeria’s economy on first trading day

The first trading day of 2016 came to an end with the Nigerian economy standing firm against reports of woes that preceded the 2015 general election. But how firm is Nigeria’s

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CBN hints at devaluation of the naira

    CBN hints at devaluation of the naira

The Central Bank of Nigeria says it may devalue the naira if it is found to holistically be in the overall interest of the nation, saying hard choices would be

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CBN: Recession may hit Nigerian economy in 2016

  CBN: Recession may hit Nigerian economy in 2016

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the Nigerian economy may plunge into recession in 2016.

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Nigeria’s foreign reserves fall by $940million

  Nigeria’s foreign reserves fall by $940million

Nigeria’s foreign exchange reserves have fallen by $940 million (N185 billion), a 2.97 percent from what was obtainable in August,

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No more devaluation of the naira, says Buhari

President Muhamadu Buhari has assured Nigerians and the international community that the country’s official currency, naira, will not be further

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FXTM to hold ‘largest’ forex event in Nigeria

  FXTM to hold ‘largest’ forex event in Nigeria

International broker ForexTime (FXTM) has announced its latest online trading and investment conference, which will hold in Lagos from August

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Nigeria’s foreign reserves rise to $30bn

  Nigeria’s foreign reserves rise to $30bn

Latest data from the Central Bank of Nigeria indicates that foreign exchange reserves rose to $30.69 billion in July, an

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Naira hits N217 to dollar at black market

The naira depreciated by N5 to the dollar on Friday, trading N217 at the black market and N215 at the

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