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Farooq

April (Page 2)

Home2017April (Page 2)

Dollar to Naira Rate Black Market April 28 2017. Today’s Naira Black Market Exchange Rates. Dollar to Naira. Pounds to Naira. Euros to Naira. These are the prevalent rates for Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP […]

The Naira on Thursday depreciated slightly against the dollar at the parallel market. The Nigerian currency lost two points to close at N390 to the dollar, while the Pound Sterling and the Euro traded at N495 and N415, respectively. At the Bureau De Change (BDC) window, the naira was sold at N362, while the Pound […]

By Oludare Mayowa LAGOS, April 27 (Reuters) – Nigeria’s central bank has eliminated “frivolous demand” for foreign currency by introducing a multiple exchange rate system and has been intervening on the spot and forward markets to boost liquidity, its spokesman said on Thursday. Isaac Okorafor said the multiple exchange rates was aimed at improving dollar […]

  • OPEC

* Oil stocks need to move closer to 5-year average – Barkindo * Saudi, Azeri ministers agree to support extending oil cut * Iraq says will go with consensus at May OPEC meeting * Deal likely to be extended beyond June – Angola oil minister (Adds Saudi energy minister meeting Azeri counterpart in paragraph 9) […]

NAIROBI, April 27 (Reuters) – The Zambian kwacha is expected to be stable against the dollar in the week ahead while the Kenyan and Ugandan shillings will come under pressure from importer demand for dollars. ZAMBIA The Zambian kwacha is likely to remain firm against the dollar next week due to tight liquidity and hard […]

Femi Asu Nigeria has lost about $235bn worth of investments on the back of the failure to reform the oil and gas industry, even as the Federal Government struggles to pay up over $9bn cash call arrears to oil firms. Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of […]

  • dollar to naira

LAGOS, April 27 (Reuters) – Nigeria’s central bank plans to offer $100 million in currency forwards on Thursday for settlement in between one week and 45 days, traders said. The bank, which has been intervening on the spot and forward markets to meet demand, said that all dollar allotments must be backed by a customer […]

The Minister of Finance, Mrs Kemi Adeosun, says Africa loses over $50bn yearly to illicit financial flows through money laundering, corruption and tax evasion. Adeosun said this at the opening ceremony of a capacity building workshop on the use of beneficial ownership information and the recovery of assets in Africa on Wednesday in Abuja. The […]

Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has said that the new foreign exchange window for investors and exporters would restore investors’ confidence in the market. Gwadabe told newsmen in an interview on Wednesday in Lagos that the effective utilisation of the window would make the Naira stronger and […]

  • CBN

 Settles $965.29m maturing FX futures contracts on FMDQ Obinna Chima Following last Tuesday’s  assurances by the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, that the CBN would continue to intervene in the foreign exchange market, the bank wednesday auctioned the sum of $185.86 million through retail Secondary Market Intervention Sales (SMIS). […]