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Farooq

July

As pessimism over oil dissipates and investors flirt with $50 a barrel again, short-sellers are getting out of the way. Hedge funds are the most upbeat about West Texas Intermediate crude in three months after bets on declining prices shrank. Meanwhile, signs that the shale boom is slowing and the market is moving closer to […]

  • CBN

By Obinna Chima The Central Bank of Nigeria (CBN) will this week conduct its bi-weekly treasury bills auction with total offer of N229.1 billion to offset maturing bills of the same amount. In addition, the central bank is expected to float open market operations (OMO) auctions to keep financial system liquidity tight. Afrinvest West Africa […]

  • dollar to naira

By Bukola Idowu Lagos — An injection of $657.33 million into the foreign exchange market last week saw the value of the naira gain strength at three of the foreign exchange markets rising by 0.8 per cent at both the parallel and Bureau de Change ends of the market. The naira also gained value at […]

Dollar to Naira Rate Black Market July 31 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 […]

ABUJA, July 28 (Reuters) – Nigeria’s Senate has withdrawn a report that largely exonerated South African mobile phone giant MTN of accusations of illegally repatriating $14 billion and that rebuked the Nigerian central bank for regulatory failures. The report, presented to tby Reuters, was almost immediately sent back for further work because it did not […]

The Naira has sustained its gains against the dollar at the parallel market. The Nigerian currency lost 0.50 to exchange at N362 from the N361.5 it posted on Wednesday, while the Pound Sterling and the Euro closed at N474 and N424, respectively. At the Bureau De Change (BDC) window, the Naira closed at N362 to […]

Dollar to Naira Rate Black Market July 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 […]

Nigeria’s external reserves rose to $30.69 billion on July 25, from its low of $30.21 billion in June 15, according to data from the Central Bank of Nigeria (CBN). It had risen to as high as $30.98 billion in May 5, 2017. Naira strengthened on Wednesday across foreign exchange market following sustained interventions by the […]

  • dollar to naira

NAIROBI, July 27 (Reuters) – Uganda’s shilling and Zambia’s kwacha are forecast to weaken against the dollar in the next week to Thursday, while Ghana’s cedi will firm and the currencies of Kenya, Nigeria and Tanzania are expected to hold steady, traders said. KENYA Kenya’s shilling is expected to hold steady in the next week […]

The Nigerian Stock Exchange (NSE) continued its rally on Wednesday following the decision of the Central Bank of Nigeria (CBN) monetary policy committee (MPC) to hold key interest rate at 14 percent for 12 months running. On Tuesday, Godwin Emefiele, the governor of the bank, announced that the committee decided to “retain the MPR at […]