The Naira on Thursday lost marginally to the dollar at the parallel market in Lagos exchanging at N362.5, weaker than N362 traded on Wednesday.
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Naira closes at N362.5 to dollar at I&E window - Vanguard News NigeriaThe Naira, on Wednesday, exchanged at N362.58 to the dollar at the investors window as investors traded a total of 334.34 million dollars at the close of business.
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Naira Closes At N362.5 To Dollar At I&E WindowThe Naira on Wednesday exchanged at N362.58 to the dollar at the investors window as investors traded a total of 334.34 million dollars at the close of business. At the parallel market, the naira traded at N362 to the dollar, while the Pound Sterling and the Euro closed at N464 and N411, respectively. Trading at […]
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Naira losses marginally against dollar at I & E window – Daily TrustThe Naira on Friday lost marginally to the dollar at the investors window, exchanging at N362.79. Market turnover at the window stood at 406.07 million dollars.ADVERTISEMENT At the official CBN window, the naira closed at N306.85 to the dollar. The naira traded flat at the parallel market exchanging at N361 to the dollar, while the …
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‘Cashew farmers lose billions of naira in Kogi’ – Daily TrustFarmers, traders, merchants and other investors in the cashew industry in Kogi State faced a major glut and poor turnover resulting in heavy losses put at over N50 billion in the 2018 farming season. Kogi is the highest cashew producing state in Nigeria, exporting about 100 metric tonnes out of the 220 metric tonnes of …
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Oil Baron, Chima Anyaso, in 2billion Naira Oil Scam - THISDAYLIVEYou could be forgiven for thinking Chima Anyaso, the owner of Ceecon Energy, has a dark heart. Donning false smiles like silk robes, he betrayed his banker, defrauding the latter of money amounting to two billion naira. Yes, some men toss away their conscience in pursuit of money. Eventually, they become beacons of dishonour by …
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Naira to depreciate to N401$ in H2’19— Afrinvest - Vanguard News NigeriaAFRINVEST Limited, a Lagos based investment firm, has projected that the naira will depreciate to N401 per dollar in the second half of 2019 (H2’19). The firm also projected that Nigeria’s Gross Domestic Product, GDP, will grow by 2.5 percent this year as against 1.9 percent recorded in 2018. The firm made this projection in its economic outlook for 2019 titled: “On the Precipice, of the 2019 economic outlook”. Presenting the firms’ outlook compiled by the Chief Executive Officer, Mr. Ike Chioke, the Deputy Managing Director, Afrinvest, Victor Ndukauba said: “Overall, we believe the exchange rate will remain stable, especially in H1’19, since the CBN has ample reserves for interventions.
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