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Naira Losses Marginally Against Dollar At Parallel Market

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The Naira on Tuesday lost N1 to exchange at N361 to the dollar at the parallel market in Lagos.

Naira ‘To Exchange At N356/$ By Year-End’

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Naira is projected to close this year at N356 to dollar, a report by Renaissance Capital (RenCap), an investment and research firm, has shown. The...

Central Bank Lifts Foreign Exchange Market With $210m

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The Central Bank of Nigeria (CBN) has provided fresh 210 million dollars to meet customers’ requests in various segments of the foreign exchange market. Agenda...

Oil Rises Towards $80 On US Crude Inventory Drop, Weaker Dollar

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Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and...

FG May Increase Petrol Price To N180 Per Litre

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The Federal Government may increase the price of Premium Motor Spirit (PMS), popularly called petrol to a minimum price of N180 and above anytime...

CBN Boosts Forex Market With $210m

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The Central Bank of Nigeria (CBN) on Tuesday, November 28, 2017, announced the injection of another $210,000,000 to boost liquidity in the inter-bank Foreign...

Forex: CBN Boosts Forex Supply With $195m

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Destiny Ugorji The Central Bank of Nigeria has intervened in the inter-bank Foreign Exchange Market with the injection of another $195 million. Figures released by the...

Oil Prices To Rise Above $60

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Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand...

Nigeria’s External Reserves Hit $33bn – CBN

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The Nigerian economy has shown positive signs of recovery following an increase in foreign reserves just as the economy leaves recession. The Central Bank of...
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