Friday, September 18, 2020
MARKET UPDATE
Advertisement

TheCable

Advertisement

Tag "naira"

Sanusi: Naira devaluation will continue unless Nigeria’s imports reduce

    Sanusi: Naira devaluation will continue unless Nigeria’s imports reduce

Muhammed Sanusi, former governor of the Central Bank of Nigeria (CBN), says the devaluation of the naira will continue unless Nigeria’s appetite for imported items reduces. The CBN has had

0 comment Read Full Article

‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

    ‘N2 profit margin not enough to sustain operations’ — BDCs ask CBN to review FX rate

The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with exchanging the naira at N386 to the dollar is not enough to

0 comment Read Full Article

Speculators should prepare for losses, CBN reacts as naira trades at N420/$

    Speculators should prepare for losses, CBN reacts as naira trades at N420/$

The naira continued its rally against the dollar at the parallel market section of the foreign exchange market. Bureau de Change operators told TheCable on Wednesday that the naira exchanged

0 comment Read Full Article

Naira strengthens against dollar ahead of CBN FX sales to BDCs

    Naira strengthens against dollar ahead of CBN FX sales to BDCs

The naira has strengthened at the parallel market to N448 against the dollar after the Central Bank of Nigeria (CBN) announced that it would resume dollar sales to bureau de

0 comment Read Full Article

GTB dollar spending limit hits record low — $100 per month

  GTB dollar spending limit hits record low — $100 per month

Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. This was

1 comment Read Full Article

Rates unification closer as CBN adjusts spot rate to N379/$

  Rates unification closer as CBN adjusts spot rate to N379/$

The Central Bank of Nigeria (CBN) has adjusted the spot exchange rate displayed on its website to N379 against the

0 comment Read Full Article

ABCON: Reopening BDC window will crash exchange rate spike

  ABCON: Reopening BDC window will crash exchange rate spike

The Association of Bureau De Change Operators of Nigeria (ABCON) says reopening the bureau de change window for foreign exchange

0 comment Read Full Article

FG plans fresh N4.28trn loans to finance 2021 budget

  FG plans fresh N4.28trn loans to finance 2021 budget

The federal government intends to borrow N4.28 trillion in 2021 to fund its budget deficit. This is according to the

0 comment Read Full Article

CBN adjusts official exchange rate to N381/$

  CBN adjusts official exchange rate to N381/$

The Central Bank of Nigeria has adjusted the official exchange rate to N381 to the dollar. This is another step

0 comment Read Full Article

Naira strengthens at official market as exchange rate unification gets closer

  Naira strengthens at official market as exchange rate unification gets closer

The naira started Wednesday’s trading day 6.2 percent lower against the dollar at N385 on the official market, Reuters is

0 comment Read Full Article
1 2 3 30