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Farooq

September

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* OPEC output rises by 50,000 bpd to 32.86 million bpd * Sept compliance by 11 countries with output targets 86 pct * Libyan, Iraqi output higher; Nigeria, Angola slip * For output by country, compliance details: By Alex Lawler LONDON, Sept 29 (Reuters) – OPEC oil output has risen this month by 50,000 barrels […]

Dollar to Naira Rate Black Market September 29 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 is expected to trade around 360/$ to investors next week after the central bank kept rates on hold to tighten liquidity, traders say. The naira has been trading around 360 this week, close to the black market rate of 365, with an average of $100 million inflows daily into the currency market. “There […]

Africa’s richest man, Aliko Dangote, has said many foreign investors in the agro-business sub-sector are shunning Nigeria because of the insecurity situation in the country, particularly the rising cases of kidnapping. He made this known while speaking on ‘Challenges Facing Agribusiness Investors in Nigeria.’ at the ongoing Agric Expo and Conference, organised by Nigeria Agribusiness […]

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The president of the Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Wednesday defended the CBN’s retention of the benchmark interest rate and other monetary policy parameters. The CBN’s Monetary Policy Committee (MPC) met on Tuesday and retained the Benchmark interest rates at 14 per cent, alongside other monetary policy […]

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Femi Asu The Nigerian National Petroleum Corporation has said the demand for the nation’s crude oil outstrips the current supply. Last year, Nigeria saw a resurgence of militant attacks in the Niger Delta that caused the nation’s oil production to plummet to a near 30-year low of 1.4 million barrels per day from about 2.2 […]

The debut N100 billion Sukuk offer by the Debt Management Office (DMO) was oversubscribed by 5.8% approximately 6%. According to a statement issued by the office, investors in the bond, which has a seven-year tenor, included pension funds, banks, fund managers and retail investors. DMO said the total subscription to the Sukuk offer was N105.88 […]

Everest Amaefule, Abuja Nigeria may have to grapple with the payment of $11.62bn in foreign debt in the next 10 years, a projection of the Debt Management Office has shown. The debt service payment over the 10-year period, 2017 to 2026, includes some principals that will fall due for redemption as well as interests that […]

By Adaeze Okechukwu The naira, yesterday, depreciated to N360 per dollar in the Nigerian Autonomous Foreign Exchange, NAFEX, just as the Central Bank of Nigeria, CBN plans to sell N130.4 billion treasury bills next month. Data from the Financial Market Dealers Quote, FMDQ, yesterday, showed that the indicative Exchange Rate for the Investor and Export […]

Dollar to Naira Rate Black Market September 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 […]