Currencies

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  Foreign exchange reserves rise by 1.05 per cent by May 15

  Nigeria’s foreign exchange reserves rose marginally by 1.05 percent month-on-month to $29.80 billion by...

  • Posted May 20, 2015
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  Dollarisation: Banks peg domiciliary account balance at $10,000

  In an apparent move to check the trending dollarisation of the Nigerian economy and...

  • Posted May 20, 2015
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  CBN to relax naira trading rules

  The Central Bank of Nigeria has started talks with banks and currency dealers on...

  • Posted May 11, 2015
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  Offloading of dollars triggers massive naira appreciation at parallel market

  The peaceful outcome of the recently concluded presidential election has seen massive offloading of...

  • Posted April 5, 2015
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  Naira gains 7%, now 211 to dollar

  The naira appreciated by seven per cent to 211 against the United States dollar...

  • Posted April 3, 2015
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  Scarcity of dollars hits Foreign Exchange Market

  Most firms in Nigeria seeking to utilise and remit US dollars overseas are finding...

  • Posted March 20, 2015
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  Experts say naira devaluation imminent

  Although the Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has ruled out the...

  • Posted February 17, 2015
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  Further devaluation of naira inevitable – Rewane

  Renowned financial expert and Managing Director, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has...

  • Posted February 13, 2015
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  Naira slides to 200 against dollar

  These are not interesting times for the naira, which entered a free-fall mode on...

  • Posted February 12, 2015
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  Naira hits record low 196.30 to dollar

  The naira hit an all-time low of 196.30 against the dollar at the interbank...

  • Posted February 11, 2015
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