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All posts tagged "Naira"

  • NNPC disagrees with Reps over unremitted N142.7billion

    The Nigerian National Petroleum Corporation, NNPC has debunked the allegations by the House of Representative Committee on Finance, headed by Hon. Abdulmumin Jibrin, that the Corporation was owing the federal government, N142.7 billion as unremitted Internally Generated...

    • Posted March 13, 2013
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  • Fidelity Bank Financed Africa’s Largest Aluminium Can Factory

    The multi-million naira aluminium can project in Aba, South East Nigeria financed by Fidelity Bank Plc is set to commence operation in a couple of month’s time with an initial production capacity of 1.2 billion cans per...

    • Posted March 3, 2013
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  • Closed market: We’re losing N100bn daily – Ladipo traders

    TRADERS in the popular Ladipo auto parts market closed down, yesterday, by Lagos State Government on Monday have started counting their losses, saying they are losing at least N100 billion daily. Traders who spoke to Vanguard yesterday,...

    • Posted February 27, 2013
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  • Budget 2013 Presents Hope for Naira

    Financial experts have raised the prospects of a stronger and firm Naira next year, following the presentation of the 2013 budget by President Goodluck Jonathan to the National Assembly on Thursday. This is contained in a report...

    • Posted October 8, 2012
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  • Naira Gains on Inflows, Reserves

    The naira snapped three days of declines on inflows and on bets the central bank will support the currency as reserves increased. The currency of Africa’s biggest oil producer climbed 0.1 percent to 158.38 per dollar as of 3:35 p.m....

    • Posted September 6, 2012
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  • Naira Depreciates as Inflation Rises

    Nigeria’s naira depreciated the most in almost a month after inflation accelerated. The currency of Africa’s biggest oil producer retreated as much as 1.4 percent, the biggest intraday decline since June 22, to 162.500 per dollar and traded...

    • Posted July 18, 2012
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  • Naira Depreciates As Inflation Concern Slows Inflows

    The naira weakened against the dollar as concern inflation may accelerate slowed inflows and as oil, the country’s key export, retreated. The currency of Africa’s biggest oil producer fell as much as 0.4 percent in the interbank marketand traded...

    • Posted July 2, 2012
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  • Naira Strengthens as Rising Foreign Reserves Boost Confidence

    Nigeria’s naira is heading for a week high against the dollar as the country’s foreign reserves increase, adding to confidence that the central bank can maintain currency stability. The naira strengthened 0.1 percent to 157.32 per dollar...

    • Posted May 2, 2012
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  • Naira falls to record lows in todays trading

    The Nigerian Naira has continued its free fall against major currency pairs, depreciating against the Dollar, Euro, and Sterling. The Naira has fallen to its lowest on record in the inter-bank market even as Central Bank Governor...

    • Posted October 6, 2011
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  • Naira loses 41 kobo at WDAS

    The naira weakened to N152.81 to the dollar on the official market (Wholesale Dutch Auction System) yesterday, down from N152.40 to the dollar at Friday’s close. The naira, which is exchanged at N148.18 at the beginning of...

    • Posted September 6, 2011
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