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Forex turnover declines at investors window

August 17th, 2017 Editor Markets, News 0 comments The foreign exchange daily turnover declined by 20.58 percent to $93.21 million on Wednesday from $117.36 million recorded on Monday at the investors and exporters window. The data obtained from FMDQ show that naira gained N2.68k to close at N359.69k per dollar compared to N362.37k traded […]

Lol…. Check Out What Was Written on A #1000 Naira Notes given to me today

Posts: 35 IPOB every where in Nigeria ‘Give us Biafra’ was written on a 1000 Naira Note that was paid to me this morning. This struggle is for real o! What do you have to say about this ??     Posts: 1,921 I wouldn’t advice this but it’s their choices. CBN can easily ban banks […]

Naira appreciates to N359.7/$ as External reserve hits $31.35bn — Nigeria Today

Posted on Aug 17, 2017 in News | 0 comments By Babajide KomolafeThe naira yesterday appreciated below N360 per dollar for the first time in the Investors and Exporters (I&E) window due to increased dollar supply. Meanwhile, the Central Bank of Nigeria (CBN) said that the nation’s external reserve rose to a new high of […]

Dollar to Naira black market rate today Wednesday, 16th August 2017

Dollar to Naira black market rate today Wednesday, 16th August 2017 Naira to Dollar rate stable Dollar to Naira black market rate today Wednesday, 16th August 2017 is N364/N368.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the year […]

Nigerians paid N400 billion bribe in 12 months ―UNODC, NBS Survey – NIGERIAN TRIBUNE (press release) (blog)

NIGERIAN TRIBUNE (press release) (blog) Nigerians paid N400 billion bribe in 12 months ―UNODC, NBS SurveyNIGERIAN TRIBUNE (press release) (blog)“This results in an average of 0.93 bribes paid per adult, or almost one bribe paid by every adult Nigerian per year. “Roughly 400 billion Nigerian Naira spent on bribes each year.” “Taking into account the […]

Again, Naira depreciates against dollar, exchanges for N370/$1

Again, Naira depreciates against dollar, exchanges for N370/$1 … Meanwhile, the Central Bank of Nigeria (CBN) Tuesday injected $364 million into …

Will Proposed Debt Refinancing Ease Servicing Costs?

Wednesday, August 16, 2017 10:59AM / Vetiva Research The Federal Executive Council recently approved plans by the Ministry of Finance to refinance $3 billion (₦915 billion) worth of Treasury Bills (T-bills) with Eurobonds. As opposed to rolling over existing T-bills at maturity, the Federal Government (FG) will pay down the debt using inflows from the […]

CBN pumps fresh $364million into Fx window

The Acting Director of Corporate Communications, Central Bank of Nigeria (CBN), Mr Isaac Okorafor said on Tuesday that CBN has injected $364 million in the Inter-bank market to sustain liquidity in the Forex Market. Speaking in Abuja, Okorafor revealed that the Retail Secondary Market Intervention Sales (SMIS) received the largest allocation of about $264.1million. He […]

Myshelve: HeadLines: CBN under pressure to devalue naira aga… | Current News

Myshelve: HeadLines: CBN under pressure to devalue naira aga… | Current News | Pinterest Myshelve: HeadLines: CBN under pressure to devalue naira aga… List of five (5) bank charges approved by CBN – RUBIZTECH Security and Crime news world wide: EFCC declares Tompolo wanted Money is good but the ability to have enough of it […]

Naira depreciates further against dollar, hits N370 at parallel market

The naira on Tuesday failed to consolidate on its gains in recent weeks. It depreciated to N370 per dollar in the parallel market. The local currency has dropped N3 in just three days. It, however, recorded marginal appreciation in the Investors and Exporters (I&E) window. The indicative exchange rate dropped to N362.38 per dollar Tuesday […]

CBN injects $364m into Inter-Bank Forex Market

To sustain liquidity and moderate rate, Central Bank of Nigeria (CBN) on Tuesday, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million. A breakdown of Tuesday’s intervention indicates that the Retail Secondary Market Intervention Sales (SMIS) received the largest allocation of $264,192,252.95. The CBN also offered the sum of $100,000,000 to authorised […]

Naira drops to 370 on lack of dollar supply | Globoble

Oyetunji Abioye The naira depreciated against the United States dollar at the parallel market on Tuesday to 370, down from 368/dollar on Monday. The local unit had closed at 367/dollar on Friday. The development followed lack of dollar sale by the Central Bank of Nigeria on Monday. The CBN has been supplying dollar to the […]

CBN injects $364m as naira depreciates to N370/$ in parallel market

The Central Bank of Nigeria (CBN) Tuesday injected $364 million into the interbank foreign exchange market, in a bid to sustain its intervention and …

Dollar to Naira black market rate today Tuesday, 15th August 2017

Dollar to Naira black market rate today Tuesday, 15th August 2017 Naira to Dollar rate Dollar to Naira black market rate today Tuesday, 15th August 2017 is N364/N368.  The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of the year. Earlier in the year […]