Naira appreciates to N450/$ in parallel market, as CBN intervenes

Parallel market: Naira retains value against US Dollar at $1/N375

The naira was today strengthened in the parallel market as it appreciated against the dollar.

PIB; Will the jinx be broken this time around?, President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide, Electricity: FG approves one year waiver of import on meters, Buhari backs Lagos State Government Judicial Panel of Inquiry

UPDATE: President Buhari announces phased, gradual easing of lockdown

April 27, 2020

President Muhammadu Buhari has announced the gradual easing of lockdown that was earlier announced in Lagos State, Federal Capital Territory ...

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Naira crashes to N450 to $1 at parallel market amid fx scarcity

by Chike Olisah

April 24, 2020

The volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has ...

Naira’s true worth,Naira gains on the dollar for the first time since March, Naira forwards hit record high as it crashes to N420/dollar in the parallel market, Naira hits N500 to $1 at the forward market, Naira hits N509 to the dollar at forwards market, demand for the U.S dollar climbs up, Naira hits $387.35 to $1 at currency spot market , Naira sells at N456, Nigeria’s Foreign Reserves drop by over $3 billion in Q1 2020, Investors and Exporters (I&E) window, Naira gains against the dollar, CBN close in on currency speculators

Naira forwards hit record high as local currency crashes to N420/dollar in the parallel market

by Chike Olisah

April 21, 2020

As events in the oil market fallout, the US dollar hit a record high against the Naira in the non-deliverable ...

African Prudential could be worth more than N4.55

Africa Prudential posts N341 million profit in Q1 2020

by Abiola Odutola

April 18, 2020

Africa Prudential Plc's profit after tax (PAT) dropped from N0.45 billion in Q1 2019 to N0.34 billion at the end ...

Oil prices rise after Trump’s plan to reopen US economy

by Chike Olisah

April 17, 2020

Global crude oil prices rose early Friday morning after US President, Donald Trump, laid out unprecedented measures aimed at reviving ...

FG projects spending plan of N11.86 trillion and deficit of N5.16 trillion,IMF, International monetary fund, Zainab Ahmed, Nigeria's Minister of Finance, Budget and National Planning

IMF considers Nigeria’s loan request, FG gives reason for exclusion from debt relief program

by Chike Olisah

April 16, 2020

The Federal Government has reacted to the exclusion of Nigeria from the list of countries to benefit from the International Monetary Fund ...

Nigerian Stocks on ‘steriods’ as returns bests treasury bills, bonds

by Research Team

April 16, 2020

The wise saying, “never let a good crisis to waste” appears to be bearing fruit for some savvy investors in ...

Military located bandits in kankara, Q1 2020 National Debt report, Buhari finally speaks on NDDC probe, urges NA to act with a sense of urgency,National Human Rights Commission,Presidency bows to pressure, agrees to demand made by EndSARS protesters, Our economy is too fragile to bear another round of lockdown-Buhari, Zarbarmari: Massacre by Boko Haram is nothing short of senseless, barbaric, gruesome and cowardly- Buhari

European Union donates €50m to Nigeria to fight coronavirus

by Chidinma Nwagbara

April 14, 2020

In order to help Nigeria fight the coronavirus pandemic, the European Union (EU) is supporting the country with €50 million.

BTC wallets, Bitcoin users rise in Nigeria despite Senate, CBN campaign against it, Answering the big Bitcoin question - buy, sell or hold?, Bitcoin hits a 12-month low, Bitcoin price under pressure, stays under $7000, How to protect your bitcoin from hackers, Bitcoin Whales Gathering More Bitcoins, Waiting For the Bullish Run, Bitcoin is scarce, entities, individuals hold for long term, How Cryptocurrency-Based Companies Like Patricia are Shaping the Digital Currency Market in Nigeria

Bitcoin price under pressure, stays under $7000

by Olumide Adesina

April 14, 2020

After reaching support levels of above $6,700, bitcoin price started to surge against the US dollar. BTC price rose above ...

Tag: On the Money