Port users worry over increased porty duty, cost of doing business
The Central Bank of Nigeria's recent increase in exchange rate for the clearance of imported items from 361 to 381 naira to a dollar is causing ripples in the ports.…
Profit taking pushes Nigeria’s equities to marginal decline
The Nigerian All Share Index closed down in yesterday's session. The negative performance was broadly driven by profit taking as expectations of the Central Bank's announcement on a flexible exchange rate policy…
Naira remains under pressure
While the naira/dollar rate remains pegged in the official market, the exchange rate has been volatile in the parallel market. Dollar supply remains weak amid speculation that the central bank is considering…
Naira remains under pressure
While the naira/dollar rate remains pegged in the official market, the exchange rate has been volatile in the parallel market. Dollar supply remains weak amid speculation that the central bank is considering…