Also, the highest spot rate of the day was pegged at N799.9/$1 while its lowest exchange was N738/$1.
The post Naira Stable on Parallel Market, Depreciates Marginally on I&E appeared first on Arise News.
Category: Business
Obiora Okonkwo: Nigerian Airlines Need Special Window To Access Forex
He urged Aviation Minister Festus Keyamo to rid the sector of “speculators”.
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Paul Alaje: Wale Edun Needs To Redirect Nigeria’s Economy From Consumption To Production
“When you’re consuming and you’re devaluing, you’re only digging your own grave.”
The post Paul Alaje: Wale Edun Needs To Redirect Nigeria’s Economy From Consumption To Production appeared first on Arise News.
Fraudsters Steal N9.5bn Electronically From Nigerian Banks and Payment Systems in 7 Months
The CBN called for enhanced collaboration to stem the tide, and also released fresh guidelines for forex sale by BDCs.
The post Fraudsters Steal N9.5bn Electronically From Nigerian Banks and Payment Systems in 7 Months appeared first on Arise News.
Zulum Seeks Collaboration with Customs For Growth of Business in Borno
This will be through enhanced trans-border trade with neighbouring countries of Cameroon, Chad and Niger Republic.
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Innoson CEO: Alex Otti Is One of My Best Customers, I’m Not Against His Purchase of 20 Toyota Vans
“He has bought 80% of his needs from me. It’s not bad that he took some from any other place to make sure his security is working.
The post Innoson CEO: Alex Otti Is One of My Best Customers, I’m Not Against His Purchase of 20 Toyota Vans appeared first on Arise News.
CBN’s Price Verification Portal For Imports, Exports Goes Live
It said the PVR has become a mandatory trade document precedent to the completion of a Form M going forward.
The post CBN’s Price Verification Portal For Imports, Exports Goes Live appeared first on Arise News.
Naira Gains Further on Thursday, Sells At N840/$1 On Parallel Market
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.
FBN Holdings Announces Otedola as Non-Executive Director
“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.”
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NNPC Gets $3bn Loan from Afreximbank to Stabilise FX, Naira Gains
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.
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