Naira gains strength at parallel market
By CNBC
28 March 2017 |
3:25 pm
Naira gains strength at parallel market.
In this article
Related
17 Apr 2020
Here is why you should pick a copy of The Guardian on Saturday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Saturday.
30 Apr 2020
The Senate has given a speedy approval for President Muhammadu Buhari to borrow N850 billion for the government.
14 Jun 2020
Here is why you should pick up a copy of The Guardian on Monday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Monday.
7 Jul 2020
No doubt Nigeria's currency has come under pressure in recent months; the Central Bank of Nigeria says it is working towards the gradual unification of exchange rates. But what does the CBN's recent move in asking lenders to bid for dollars at 5 per cent above the official rate mean for the markets going forward? Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
6 Aug 2020
Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.
11 Aug 2020
Property worth Millions of Naira destroyed as flood hits Zamfara
23 Sep 2020
West Africa's aspirations for a single currency hit a setback after its leaders met in Niamey for a one-day summit earlier this week and passed a resolution to delay the proposed adoption until all critical issues are resolved.
18 Nov 2020
Nigeria’s bond market traded with bearish undertone as players reacted to the bond auction calendar for the 4th quarter, and the circular by the National Pension Commission where the commission said it had concluded arrangement for the take-off of the RSA transfers. Adamma Mbachu, Team Lead of Currency Trading at Access bank speaks to CNBC Africa for more.
23 Nov 2020
Nigeria’s bond market traded with bearish undertone as players reacted to the bond auction calendar for the 4th quarter, and the circular by the National Pension Commission where the commission said it had concluded arrangement for the take-off of the RSA transfers. Adamma Mbachu, Team Lead of Currency Trading at Access bank speaks to CNBC Africa for more.
12 Jan 2021
Kugbo fire: Goods worth Billions of naira destroyed in Abuja
21 Jan 2021
Properties worth 32.12 Billion Naira destroyed in 2020 - Fire Service
16 Feb 2021
Nigeria’s antinarcotics agency, the NDLEA, appears to have been invigorated by the appointment of Mohammed Buba Marwa as its new chief executive, as the agency has made multiple drug busts and seized narcotics worth over ₦60 billion in the past month.
Latest
14 mins ago
In one of the strictest anti-abortion proposals in the country, lawmakers in Oklahoma state passed a bill that restricts abortion immediately after the baby is conceived.
14 mins ago
Following several interviews pleading for help from the West, photos of the wife of an Azov regiment fighter in Ukraine's Mariupol are linking her to neo-Nazi ideology, but a reverse image search gives different results. We tell you more in this edition of Truth or Fake with Vedika Bahl.
14 mins ago
Germany's Former Chancellor Gerhard Schröder has stepped down from the board of the Russian state-owned oil company, a week after the Bundestag announced he would lose his taxpayer-funded office and staff.
14 mins ago
Semakaleng Mathebula is South Africa's first Black hot air balloon pilot and one of few women participating in the niche sport, which traditionally has been the domain of the white and privilege.
14 mins ago
Prince Charles believes the "pain and suffering" of Canada's indigenous people must be understood
2 hours ago
Finland has formally announced its intent to join NATO, marking a monumental shift from a long-held position of military nonalignment. DW reports from the Russian-Finnish border on the dramatic turnaround in popular opinion following Russia's invasion of Ukraine.