With the appreciation at both the official and parallel markets, the gap between both segments of the forex market reduced to N81.
The post Naira Gains Further on Thursday, Sells At N840/$1 On Parallel Market appeared first on Arise News.
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With the appreciation at both the official and parallel markets, the gap between both segments of the forex market reduced to N81.
The post Naira Gains Further on Thursday, Sells At N840/$1 On Parallel Market appeared first on Arise News.
“Otedola is a strong leader with a track record of achievements in business and always aiming to make things better and adding value in areas where pioneers have trod.”
The post FBN Holdings Announces Otedola as Non-Executive Director appeared first on Arise News.
There was relief in the forex market on Wednesday, as the naira appreciated at both the official I&E forex window and the parallel market.
The post NNPC Gets $3bn Loan from Afreximbank to Stabilise FX, Naira Gains appeared first on Arise News.
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The Macroeconomics professor also said that deregulation of the oil sector, considering the current realities, will lead to an oligopolistic market which will not benefit the economy.
The post Eragha: There Are No Fundamentals In Place To Unify Nigeria’s Exchange Rate appeared first on Arise News.
ARISE Special Correspondent, Abisola Owolawi explores Ghana’s cocoa sector in this documentary.
The post Special Report: Ghana’s Cocoa Industry appeared first on Arise News.
With I& E window at N744/$1 and parallel market at N950/$1, Shonubi said Tinubu “very concerned” about naira slide and revealed intervention measures will be ready in a matter of days.
The post FX Arbitrage Widens to N206/$1 Enabling Round-Tripping, CBN Vows Crackdown appeared first on Arise News.
Industry data shows production fell to 1.081m bpd in July.
The post Forcados Leak, Crude Oil Theft Plunge Nigeria’s Oil Output To 3-Month Low, Second Lowest in 2023 appeared first on Arise News.
It has Introduced a framework for in-country FX transfers to remove barriers.
The post With $17bn Net Reserves, CBN’s Audited Account Shows $13.8bn Exposure to JP Morgan, Goldman Sachs, FX Forwards appeared first on Arise News.
Shonubi said that policies should be put in place to control and detect channels for illegal remittances.
The post CBN Attributes Naira Crash To Diversion of Diaspora Remittances To Parallel Market appeared first on Arise News.