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Farooq

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  • IMF

Obinna Chima The International Monetary Fund (IMF) has estimated that the annual cost of bribery — just one sub-set of corruption — to be between $1.5 and $2trillion. This, the Fund estimated to be about two per cent of global Gross Domestic Product (GDP). It argued that the costs represent the tip of the iceberg, […]

The Central Bank of Nigeria (CBN) has given a four-week ultimatum to deposit money banks which have not complied with its directive to open teller points for retail forex transactions. In a statement sent to TheCable on Monday, the apex bank said banks that fail to comply within four weeks would be punished. According to […]

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By Peter Egwatu The naira, yesterday, depreciated to N360. 22  per dollar in the Investors and Exports (I&E) Foreign Exchange, forex Window. Data from the Financial Market Dealers Quote, FMDQ showed that the indicative exchange rate for the I & E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX declined to N360.22 per dollar, yesterday, […]

Dollar to Naira Rate Black Market September 20 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 […]

After recording huge losses in naira and foreign currencies, currency speculators seem to have been chased out of the country’s foreign exchange (forex) market, The Nation has learnt. Confirming the development, President, Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said  with rate convergence at both the bureau de change (BDC) and parallel markets, […]

  • CBN

LAGOS, Sept 19 (Reuters) – Nigeria plans to auction 135 billion naira ($442 million) in bonds next week, the Debt Management Office said on Tuesday. The debt office plans to sell 35 billion naira of bonds due in 2021 and 50 billion naira each of bonds due in 2027 and in 2037, using a Dutch […]

  • dollar to naira

The Partnership Initiatives for Niger Delta (PIND) recently sent Dr. Ogho Okiti and Mr. Al-Habib Onifade out into the field to find out the impact of the naira’s devaluation on different parts of four key agricultural value chains (palm oil, cassava, aquaculture and poultry) in the Niger Delta. The question of whether to devalue the […]

Oyetunji Abioye The naira has weakened further to 369 per United States dollar on the back of waning supply of the greenback in the foreign exchange market. Although the external reserves have reportedly hit $33bn, the Central Bank of Nigeria appears to be reducing its intervention, both in frequency and amount, in the foreign exchange […]

The naira on Monday dropped further to 370 per United States dollar in the parallel foreign exchange market. This indicates that Nigerian currency depreciated against the dollar by N2 over the weekend. The naira had exchanged at 368 to the dollar last Friday Meanwhile, Central Bank of Nigeria (CBN) has threatened to sanction any Deposit […]

Dollar to Naira Rate Black Market September 19 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 […]