Naira gains in parallel market
05 June 2017 | 12:25 pm
Nigeria's foreign exchange market has continued on a path of rates convergence as the naira is currently trading at around three-hundred and sixty-five to the dollar.
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Madonna will put on a guest performance at the final of the upcoming Eurovision Song Contest in Israel. The US pop superstar is reportedly getting paid $1.5 million for the gig.
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Banco Santander SA decided to call $1.5 billion of dollar CoCos just months after declining to redeem euro-denominated CoCos. Bloomberg Opinion columnist Marcus Ashworth reports on "Bloomberg Surveillance." His opinions are his own.
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Experts advise Nigerians to tap into trillion-dollar forex market
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Dennis Olisa, Executive Director at Zenith Bank says one way Nigeria can expand its foreign exchange base is to ensure that export is reinvigorated. He joined CNBC Africa’s Wole Famurewa to discuss this and more on the side-lines of the bank's international trade seminar.
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Traders say they expect activity at the bond market to pick up today, on the back of the unmet bids at Wednesday's bond auction as well as the improvement in liquidity. Oluwatosin Ayanfalu, Fixed Income Broker at Zedcrest Capital joins CNBC Africa to review today’s trading at Nigeria’s fixed Income and Forex market.
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The number of Germany's dollar millionaires rose by 100,000 in 2019, according to the World Wealth Report. The US had the biggest upturn, although the coronavirus crisis could change the upward trend.
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In a circular, the Central Bank of Nigeria directed that Form M for Letters of Credit, Bills for Collection and other forms of payment should only be opened in favour of the ultimate supplier of the product or service. Reacting to this directive, the Lagos Chamber of Commerce and Industry says while the policy attempts to curb abuses in the foreign exchange market, it would create more problems than it would solve. Muda Yusuf, Director-General of the LCCI joins CNBC Africa’s Christy Cole for this conversation.
20 Sep 2020
These are trying times for Nigeria's economy, as an expected recession means the government has to take pro-active steps to mitigate the impact of the recession and recover in the shortest period. Meanwhile, President Buhari has asked the Central bank of Nigeria to stop issuing foreign exchange for food and fertilisers imports. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa’s Kenneth Igbomor to assess the state of the Nigerian economy.
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Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
11 Dec 2020
Rise is an investment company that provides people living in Nigeria with dollar-denominated investments in the US and other markets to enable them to earn returns that make investing worth it. Rise brings the best investments from around the world to everyone in Africa and beyond in order to create wealth for the continent.
18 Jun 2021
Coming across a dead whale might not seem like finding treasure, but for a group of Yemeni fishermen that’s exactly what it was. In the whale’s belly they found a lump of ambergris, a hugely valuable waxy substance used in the making of perfume.
2 Jul 2021
Brazilians protest in front of Brasilia's National Congress in support of a fresh bid launched by opposition lawmakers to impeach President Jair Bolsonaro, after more allegations broke of corruption in acquiring coronavirus vaccines to tackle a pandemic he is accused of having criminally mishandled.
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