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Monday, March 18, 2024
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Currencies

Dangote Cement Trucks Wrongfully Intercepted In Adamawa

…We don’t need to export to Cameroun where we have an existing cement plant The management of Dangote Cement Plc has stated that two of...

Market Forces Can Not Stabilise Naira – Oshiomhole

Former Edo State governor Senator Adams Oshiomhole says government must intervene to stabilise the naira, saying market forces cannot do such. Nigeria’s currency exchanges for...

Naira Trades at N736 To Dollar at I&E Window

The Naira on Thursday traded at N736.62 against the dollar at the investors and exporters (I&E) window. The I&E window is the country’s official exchange...

Naira Trades at N740 To Dollar At I&E window

The naira on Friday appreciated by 2.93 percent to close at N740.38 to a dollar at the investors and exporters (I&E) window. The I&E window...

China Central Bank Restricts Bond Sales To Support Yuan

China's central bank has asked domestic lenders to scale back outward bond investments according to two sources with direct knowledge of the matter, the...

NGX Mulls Dollar-Denominated Bond, Stock Listings to Boost FX Liquidity

The Nigerian Exchange Limited (NGX) has disclosed its proposal to allow companies list bonds denominated in dollars on the bourse. Temi Popoola, chief executive officer...

CBN Releases New Guidelines For Forex Sale by BDCs

The Central Bank of Nigeria (CBN) has released fresh guidelines for the sale of forex by Bureau De Change (BDCs) operators within the country. This...

CBN Opens FX Price Verification Portal For Importers

The Central Bank of Nigeria (CBN) has announced a foreign exchange (FX) Price Verification System (PVS) portal to enable importers to access forex. The CBN...

CBN Plans To Adopt New Measures To Stabilize Falling Naira

The Central Bank of Nigeria (CBN) has revealed plans to adopt new measures to stabilize the naira from falling against the dollar. Acting Governor of...

Naira Loses Value Against Dollar

The naira on Monday depreciated against the dollar, exchanging at N774.78 at the investors and exporters window. The naira lost by 4.27 per cent when...

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