Friday, September 20, 2019

Tag "forex"

    No more devaluation of the naira, says Buhari

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 devalued.The naira, which was devalued in November 2015 to 168 against the dollar, has in less than a year seen devaluation to N197 on the official interbank market.With falling oil prices, investors fear that the currency may be further devalued to a [...]

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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 14 to August 15 and Abuja, August 19 to August 20.The organisers said the conference is expected to attract over 1000 attendees, making it the largest forex event of its kind in Nigeria.In June, FXTM organised series of educational events [...]

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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 increment of 5.6 percent from $29.03 billion in June.However, the forex reserves were down by 20.9 percent from $$38.8 billion a year ago.The growth in reserves for the month was attributed to efforts of the effort of the present government [...]

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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 Bureau De Change (BDCs) segment of the official market.A dealer, who did not want to be named, told NAN in Lagos that the depreciation might be due to the closure of the Retail Dutch Auction System (RDAS) by the CBN.It [...]

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Exchange Rates

September 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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