Friday, April 26, 2024
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Tag "naira"

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 dollar from N361. This signals another step towards the unification

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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 will crash the prevailing spike in the exchange rate. Aminu

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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 2021-2023 medium-term expenditure framework (MTEF) and fiscal strategy paper (FSP)

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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 towards the unification of the exchange rate as stated in

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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

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IT’S OFFICIAL: Naira to now trade at N380/$

  IT’S OFFICIAL: Naira to now trade at N380/$

The Central Bank of Nigeria (CBN) has directed that bureaux de change operators in the country must not sell dollars

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EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

  EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

Allocations to the three tiers of government in naira will increase as the federation account allocation committee (FAAC) has adopted

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Devaluation? Naira trades at N380/$ on I&E window

  Devaluation? Naira trades at N380/$ on I&E window

The naira traded at N380 to the dollar on Friday at the Investors and Exporters window. This comes after the

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Will Nigeria be able to float the Naira?

  Will Nigeria be able to float the Naira?

The stabilizing economic conditions in Egypt almost three years after allowing its currency to float serves as a clear reminder

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How CBN rate cut is likely to affect the naira

  How CBN rate cut is likely to affect the naira

Analysts and market-watchers were, in no doubt, shocked when the monetary policy committee of the Central Bank of Nigeria announced

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