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Business Naira To Appreciate Stronger In Buhari's Absence
Strong indications emerged over the weekend that the Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market thereby heightening expectations that the Naira will appreciate significantly during the week. This development is coming as...- ProfRem
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Business Dollar Scarcity Forces Naira To 495 At Parallel Market
The Naira on Thursday depreciated further at the parallel market, ebbing close to the projection of speculators, the News Agency of Nigeria reports. NAN reports that at the twilight of 2016, speculators forecasted that the Naira would exchange at N500 to a dollar. The Nigerian currency lost N3...- ProfRem
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Business Naira Strengthens to N468 Against US Dollar
The Naira on Tuesday continued to gain strength against the dollar at the parallel market, first consecutive gains in over two months. At the official inter-bank market, the Naira remain steady at N304.75 from N306.71 posted on Friday. It firmed against the dollar and British pound at the...- ProfRem
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Business Naira Falls By 3.7% to 375/USD on Black Market
Dollar shortage worsens as Central Bank of Nigeria delays announcement of more flexible foreign exchange system, Aminu Gwadabe, president of Bureau de Change Operators of Nigeria told Bloomberg by phone. According to him: “Importers that waited to buy dollars at a better rate under a...- ProfRem
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Business Naira May Drop To N400/Dollar Next Week - BDC
The Bureau de Change (BDC) operators have released a hint that the naira may fall to 400 against the green back unless something is the currency’s free fall. According to Taiwo Ebenezer, the southwest Chairman of BDC, more than 30,000 Nigerians working with the BDCs have become jobless, as a...- ProfRem
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Metro Nigeria's Arms Deal: How We Helped Metuh Exchange $2million – Witnesses tell Court
Two witnesses were brought before a Federal High Court in Abuja, today, told the court how the spokesperson of the Peoples Democratic Party, Olisa Metuh, and his company, Dextra Investments Limited, transferred the sum of $2million allegedly collected from the office of the National Security...- ProfRem
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- Forum: Metro News Links
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