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Farooq

Archive by Category "News"

HomeArchive by Category "News"
  • dollar to naira
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Dollar to Naira Rate Black Market September 6 2019. 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
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Dollar to Naira Rate Black Market September 5 2019. 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 […]

Rachid Benmessaoud, country director, World Bank Group, says its operations in Nigeria have gulped $11 billion. He said this on Thursday in Abuja at the maiden edition of the Nigeria Portfolio Performance Award. Organised in partnership with the ministry of finance, the award recognised outstanding performance from project implementation units of World Bank-supported projects at […]

The execution of Nigeria’s N8.91 trillion 2019 budget is being threatened as the price of Bonny Light, the nation’s premium oil grade slides further from $60.86 to $57.21 per barrel, indicating a drop of $3.65. An investigation by newsmen showed that the situation is fueled by a combination of factors, including excess supply, dwindling demand, […]

  • CBN

The Central Bank of Nigeria (CBN) has directed banks in the country to obtain the credit history of customers before approving loan applications. The directive was contained in the Consumer Protection Guidelines on Responsible Business Conduct document released by the apex bank on Monday. It said this, amongst other rules, would ensure that consumers’ capability […]

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The Trump-China trade war has been bad for stocks — but good for bitcoin. Turmoil in global stock markets sent the price of the controversial digital coin up more than 7% Wednesday as a falling yuan sent Chinese investors fleeing, according to experts. That’s because bitcoin, which touts itself as a global currency, is viewed by […]

  • gas opportunities
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The international oil benchmark, Brent crude, extended its decline on Monday, trading below Nigeria’s $60 per barrel budget benchmark. Brent, against which Nigerian crude oil is priced, dipped by $2.10 to settle at $59.79 per barrel as of 7.45pm Nigerian time. It plunged to around $61 per barrel last Thursday from $65 on Wednesday. The […]

Barely a week after drawing the attention of Nigerians to the nation’s increasing debt stock since the assumption of office by President Muhammadu Buhari, former Vice President, Alhaji Atiku Abubakar, yesterday said N2.5 trillion would go down the drain by the end of 2019 in debt servicing. Atiku in a statement, entitled “Can a nation […]

  • CBN
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Obinna Chima with agency report Following Tuesday’s 50 basis points cut in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC), from 14 per cent to 13.50 per cent, analysts have predicted that the naira will appreciate in the coming days. Analysts anticipated that the naira would follow […]

  • CBN

The Central Bank of Nigeria (CBN) on Friday said it injected 337.16 million dollars in the retail Secondary Market Intervention Sales (SMIS) in its first intervention in the inter-bank foreign market for November. A statement issued in Abuja by Isaac Okorafor, the bank’s Director of Corporate Communications, noted that the amount was in addition to […]