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Farooq

Posts Tagged "forex" (Page 145)

HomePosts Tagged "forex" (Page 145)

DUBLIN, June 2 (Reuters) – The International Air Transport Association (IATA) called on Thursday for countries with tight currency exchange rate controls including Venezuela and Nigeria to release $5 billion worth of local ticket sales revenues owed to foreign airlines, or risk losing their services. Two airlines, Lufthansa and LATAM Airlines , said this week […]

Obinna Chima The Central Bank of Nigeria (CBN) wednesday held a meeting with treasurers of banks, one of a series of consultations with critical stakeholders in the financial system, to discuss its planned adoption of a flexible exchange regime. A reliable industry source, who confirmed the meeting with bank treasurers to THISDAY, said it took […]

Naira Exchange Rates Black Market – June 2, 2016. These are the prevalent rates for the City of Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 2/6/2016 345/350 384/387 500/505 1/6/2016 345/350 385/387 500/505 […]

Naira Exchange Rates Black Market – June 1, 2016. These are the prevalent rates for the City of Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 1/6/2016 345/350 385/388 500/505 31/5/2016 344/350 385/390 495/500 […]

  • CBN

LAGOS May 31 (Reuters) – Nigeria’s forex reserves fell to $26.50 billion by May 23, down 2.8 percent from a month ago, central bank data showed. Its dollars reserves stood at $27.26 billion a month ago. They have dropped 10.9 percent from last year when they were at $29.73 billion. A plunge in oil prices […]

By David Malingha Doya Nigeria’s President Muhammadu Buhari has given the nation’s central bank the go-ahead to introduce flexibility in the naira exchange rate, his spokesman said on Monday. “The president is opposed to devaluing the naira, he has said so repeatedly,” Buhari’s spokesman, Garba Shehu, said in an interview on state-controlled NTA Television. “He […]

Naira Exchange Rates Black Market – May 31, 2016. These are the prevalent rates for the City of Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 31/5/2016 344/350 385/390 495/500 27/5/2016 343/350 385/395 495/500 […]

  • dollar to naira

By Obinna Chima The Central Bank of Nigeria (CBN) last week continued its rationing of dollars, when it sold $132,839,661.28 to 14 commercial banks and three merchant banks, returns on forex utilisation published by the respective financial institutions have shown. The amount was however lower by $9,807,230.73, compared with the $142,646,892.01 sold to the banks […]

Naira Exchange Rates Black Market – May 27, 2016. These are the prevalent rates for the City of Lagos. Actual rates may vary slightly based on vendor. Rates are updated during the day as they change. NAIRA (N) USD ($) EURO (€) GBP (£) BUY/SELL BUY/SELL BUY/SELL 27/5/2016 343/350 385/395 495/500 26/5/2016 355/360 380/390 490/495 […]

Goddy Egene, Obinna Chima in Lagos, Omololu Ogunmade in Abuja The Nigerian equities market appreciated to about five-month high Wednesday as positive sentiments continued to trail the Central Bank of Nigeria’s (CBN) plan to introduce a flexible foreign exchange policy. But feeling that the economy was regressing, the Senate yesterday summoned the Minister of Finance, […]