Analysts and market-watchers were, in no doubt, shocked when the monetary policy committee of the Central Bank of Nigeria announced its decision to cut interest rate by 0.5% on Tuesday. The post How CBN rate cut is likely to affect the naira appeared first on TheCable.
Naira
Naira down at N358.5/$ in parallel market
Naira up to N360.13/$ in I&E window
Naira depreciates to N360.61/$ in I&E window
THE, Naira, yesterday, depreciated to N360.61 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N360.61 per dollar from N360.18 per dollar last week Friday translating to 43 kobo depreciation of the naira.
Continue reading Naira depreciates to N360.61/$ in I&E window at Vanguard News Nigeria. …
Naira depreciates to N360.36/$ in I&E window
Naira down to N358.2/$ in parallel market
I&E window records $1.26bn turnover, Naira up to N361.18/$
THE Investors and Exporter (I&E) window yesterday recorded a turnover of $1.2 billion dollar, after the announcement of President Muhammadu Buhari as the winner of the just concluded Presidential election.
Continue reading I&E window records $1.26bn turnover, Naira up to N361.18/$ at Vanguard News Nigeria. …