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Friday, September 18, 2020

Naira Stabilizes against the Greenback as CBN Moves to Boost Liquidity…

In the just concluded week, Naira appreciated against the USD at the Investors and Exporters FX Window (I&E FXW) by 0.09% to close at 385.67/USD. However, NGN/USD closed flat at N381/USD at the Interbank Foreign Exchange market amid weekly injections of USD210 million by CBN into the forex...

Dollar buoyed by yields surge jump after Fed’s inflation shift

Tokyo, Aug. 28, 2020  The dollar held gains against major currencies, on Friday, after the Federal Reserve’s aggressive new strategy to lift employment and increased tolerance for higher inflation pushed U.S. bond yields up. The dollar’s index rose against six major currencies and was last...

Nigeria naira quoted at 385.50/USD on official market -Eikon Refinitiv data

ABUJA, Aug 28 - The Nigerian naira opened for trade at 385.50 per dollar on the official market on Friday after it closed at 381 naira previous session, Eikon Refinitiv data showed.

Dollar drifts ahead of key Fed speech as economic worries grow

by Babatunde Abdulfatah Tokyo, Aug. 26, 2020 (Reuters/Naija247news) The dollar held steady against most currencies on Wednesday as traders braced for U.S. data expected to show a slowdown in durable goods orders and a key speech by Federal Reserve Chairman, Jerome Powell. The yuan rose toward...

Dollar falls, riskier currencies gain, ahead of Republican convention

London, Aug. 24, 2020 (Reuters/Naija247news) The dollar fell on Monday while European shares and riskier currencies gained, with some analysts attributing the pick-up in sentiment to U.S. regulators approving a treatment for COVID-19 patients ahead of the Republican National Convention. More than 800,000 people around...

FGN Bond Stop Rates Fall for Most Maturities amid Demand Pressure…

In the just concluded week, DMO sold FGN bonds worth N116.65 billion at the primary market auction, viz: 10-year, 12.50% FGN APR 2026 worth N25.42 billion, 15-year, 12.50% FGN MAR 2035 paper worth N21.45 billon, 25- year, 9.80% FGN JUL 2045 bond worth N16.09 billion and...

NIBOR Moderates for All Maturities Tracked as FAAC Shares N676.61 billion…

In the just concluded week, CBN repayed matured T-bills worth N180.36 billion while N72.50 billion was auctioned via OMO, resulting in total net inflows of N107.86 billion. Also, the Federation Account Allocation Committee (FAAC) shared N676.41 billion among the FG, States and LGAs for the month...

Naira Remains Flat Against USD at I&E FX Windows…

In line with our expectation, Naira again closed flat against the USD at the Investors and Exporters FX Window (I&E FXW), at N386.00/USD. Also, NGN/USD closed flat atN381/USD at the Interbank Foreign Exchange market amid weekly injections of USD210 million by CBN into the forex market:...

Naira weakens N480/$1 on black market on plans to reopen airports

ABUJA, Aug 18 - Nigeria’s naira fell 1.04% on Tuesday to a low of 480 on the black market after the government said it would reopen airports for international travel in two weeks’ time, a move that could increase dollar demand, traders said. The...

Naira strengthens against dollar‍

By Fabian Ekeruche Lagos, Aug.19, 2020 Barely 24 hours the Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the parallel market in Lagos. Naija247news reports that the Pound Sterling and the Euro traded...
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