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LAGOS, June 30 (Reuters) – Nigeria’s foreign exchange reserve stood at $30.25 billion by June 28, down 0.36 percent from a month ago, central bank data showed on Friday. The reserves showed a 14.8 percent rise from a year ago, when they stood at $26.34 billion. Nigeria’s dollar reserves have risen slightly this year thanks to […]

YENAGOA, Nigeria June 29 (Reuters) – Nigeria’s state oil company said on Thursday it had agreed a joint venture to cover the more than $700 million cost of developing new oil fields in its southern Niger Delta energy hub. The Nigerian National Petroleum Corporation (NNPC) said it had a tripartite agreement with local energy firm First […]

* Six-day streak of gains is longest since April * U.S. weekly production down most in nearly one year – EIA * Libyan production nears 1 million bpd – source * Oil to continue trading near $45/barrel – Goldman Sachs (Updates with settlement prices, adds quote) By David Gaffen NEW YORK, June 29 (Reuters) – […]

Oyetunji Abioye  with agency report The naira may depreciate marginally on the black market in the days ahead on an expected increase in dollar demand by small businesses and people planning for summer holidays, according to analysts. The local currency was quoted at 368 to the United States dollar on the black market on Thursday, […]

The Naira on Thursday appreciated against the dollar at the parallel market. The Nigerian currency rebounded barely 24 hours after the Central Bank of Nigeria injected $195m into the foreign exchange market. The Naira closed at N366 to the dollar at the end of trading on Thursday afternoon at the parallel market, three points stronger […]

Dollar to Naira Rate Black Market June 30 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 […]

  • dollar to naira

NAIROBI, June 29 (Reuters) – Ghana’s cedi is expected to gain ground against the dollar in the next week to Thursday, while Kenya’s shilling is forecast to weaken, traders said. KENYA The Kenyan shilling is forecast to weaken due to retail merchants and oil importers buying dollars amid weak supply from foreign investors buying government securities, […]

Oyetunji Abioye The naira recorded a marginal gain on Wednesday, closing at 367 per United States dollar, up from 368 on Tuesday. The local currency has been hovering between 363/dollar and 370/dollar as the Central Bank of Nigeria continues to supply foreign exchange into the market. Analysts expect the local currency to trade within this […]

  • CBN

On the first day of transaction after the Eid-el-Fitr celebration, the Central Bank of Nigeria on June 28, 2017 intervened in various segments of the inter-bank market to the tune of $195 million. A breakdown of Wednesday’s intervention indicated that authorized dealers in the wholesale window segment received a $100 million offer from the Bank, […]

Akinpelu Dada For the African continent to attract the required investment into key sectors and achieve economic integration, the President of the Dangote Group, Aliko Dangote, has urged leaders to review their visa procedures and tariff regimes. The review, according to him, will remove unnecessary barriers to intra-African trade and guarantee real growth and foreign […]