Monday, April 29, 2024

MARKET UPDATE

TheCable

Tag "naira"

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Prices won’t drop immediately due to exchange rate gains, says Financial Derivatives

Prices won’t drop immediately due to exchange rate gains, says Financial Derivatives

Financial Derivatives Company, a firm owned by financial expert, Bismarck Rewane, says it will take time for foreign exchange rate gains to translate to reduced commodity prices. Since Olayemi Cardoso

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With N50 difference, parallel/official exchange rates near convergence

With N50 difference, parallel/official exchange rates near convergence

The naira, on Wednesday, appreciated at the parallel section of the foreign exchange (FX) market, gaining 6.25 percent to trade at N1,350 per dollar. Currency traders in Lagos, also known

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Naira appreciates to N1,440 at parallel market, N1,408 at official window

Naira appreciates to N1,440 at parallel market, N1,408 at official window

The naira, on Monday, appreciated further at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the

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Make radical changes in sourcing FX for the economy, ABCON advises CBN

Make radical changes in sourcing FX for the economy, ABCON advises CBN

The Association of Bureau De Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to undergo a paradigm shift in sourcing foreign exchange for the economy.

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Naira strengthens at parallel market, depreciates in official window

Naira strengthens at parallel market, depreciates in official window

The naira, on Friday, appreciated to N1,470 per dollar at the parallel section of the market. The current FX rate

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Tinubu to Nigerians: Patronise locally made products to strengthen naira

Tinubu to Nigerians: Patronise locally made products to strengthen naira

President Bola Tinubu has urged Nigerians to imbibe the culture of purchasing Nigerian products across all value chains to strengthen

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Naira appreciates to N1,500/$ at parallel market

Naira appreciates to N1,500/$ at parallel market

The naira, on Wednesday, appreciated to N1,500 per dollar at the parallel section of the foreign exchange (FX) market. The

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Naira appreciates to N1,572/$ at official window, marginally declines at parallel market

Naira appreciates to N1,572/$ at official window, marginally declines at parallel market

The naira, on Monday, depreciated to N1,610 against the dollar at the parallel section of the foreign exchange (FX) market.

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Naira gains at parallel market, trades at N1,600/$

Naira gains at parallel market, trades at N1,600/$

The naira, on Monday, appreciated to N1,600 per dollar at the parallel section of the foreign exchange (FX) market. It

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Goldman Sachs: Naira will appreciate to N1,200/$ in 12 months

Goldman Sachs: Naira will appreciate to N1,200/$ in 12 months

Goldman Sachs says the naira will appreciate to N1,200 against the dollars in the next twelve months. The financial institution

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