Cordros Capital Limited, a Lagos-based investment group, has said Naira will continue on a stable curve through the remaining months of this year, although the slowdown in the catalytic oil sector could dampen overall economic growth. In its fourth quarter economic outlook, Cordros Capital stated that elevated dollar sale by the Central Bank of NigeriaRead More …
Exchange Rate
Textile workers seek reduction of exchange rate
•’200 firms have shut’ The Textile, Garments & Tailoring Senior Staff Association of Nigeria (TGTSSAN) has appealed to the Federal Government to reduce the exchange rate, particularly for the the textile sector. Its President, Ambi Karu, said the textile sector has been performing dismally for many years, attributing it to the difficulty in sourcing foreignRead More
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Naira gains against dollar at parallel market
The Naira on Friday firmed up against the dollar at the parallel market, gaining 20 kobo to exchange at N359 to the dollar, the News Agency of Nigeria reports. The Nigerian currency traded at N359.20 at the market on Thursday, while the Pound Sterling and the Euro closed at N485 and N417, respectively. Trading at the […] …
Naira remains stable at N360 to dollar at parallel market
The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360 to the dollar, the News Agency of Nigeria reports. The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively. At the Bureau de Change window, […] …
Naira weakens against dollar at parallel market
The Naira on Wednesday fell by one point, exchanging at N361.5 to the dollar at the parallel market in Lagos, the News Agency of Nigeria reports. The Nigerian currency had exchanged at N360.50 to the dollar on Tuesday. The Pound Sterling and the Euro closed at N484 and N420 respectively at the market. SEE ALSO: Sell cocaine […] …