Thursday, May 16, 2024
MARKET UPDATE
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Tag "naira"

Naira trades at N1,482/$ in official window, surpasses parallel market rate of N1,470/$

    Naira trades at N1,482/$ in official window, surpasses parallel market rate of N1,470/$

The naira depreciated further to N1,482.57 against the dollar at the official window, also known as the Nigerian Autonomous Foreign Exchange Market (NAFEM), on Tuesday. The official window rate, for

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Naira trades at N1,348/$ at official market — highest rate ever

    Naira trades at N1,348/$ at official market — highest rate ever

The naira, on Monday, closed at N1,348.63/$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM), known as the official window. NAFEM recorded its highest closing rate after the naira depreciated

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Naira continues free fall, trades at N1,425 at parallel market

    Naira continues free fall, trades at N1,425 at parallel market

The naira, on Friday, continued its free fall, dropping to N1,425 at the parallel section of the foreign exchange market. The current FX rate represents a 0.71 percent or N10

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Nigerian banks must work for Nigerians

    Nigerian banks must work for Nigerians

BY NZE CHIDI DURU In a November 20, 2023, article titled ‘Mr President and the forex concerns: An invitation to dare’, I raised particular issues of significance to the value

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Naira trades at record low, falls to N1,415/$ at parallel market

  Naira trades at record low, falls to N1,415/$ at parallel market

The naira has hit a record low at the parallel section of the foreign exchange market. The local currency traded

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Cardoso: Naira is undervalued | Inflation expected to decline to 21% in 2024

  Cardoso: Naira is undervalued | Inflation expected to decline to 21% in 2024

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the naira is currently undervalued. Cardoso spoke at the

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Naira depreciates to N1,330/$ at parallel market

  Naira depreciates to N1,330/$ at parallel market

The naira, on Tuesday, depreciated to N1,330/$ at the parallel section of the market. It fell by 3.91 percent or

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Naira depreciates by 4%, drops to N1,035/$ at official market

  Naira depreciates by 4%, drops to N1,035/$ at official market

Naira, on Wednesday, hit N1035.12 per dollar at the official market, also known as the Nigerian Autonomous Foreign Exchange Market

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New NSE record, oil price below budget benchmark… Nigeria’s economy on first trading day of 2024

  New NSE record, oil price below budget benchmark… Nigeria’s economy on first trading day of 2024

No better poetry to show how serious the year 2024 will be than the fact that the year started on

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N28trn 2024 budget, CAC penalty extension… 7 business stories to track this week 

  N28trn 2024 budget, CAC penalty extension… 7 business stories to track this week 

Here are the seven top business stories you need to track this week — January 1 to January 5, 2024.

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