Nigeria’s Forex Inflow In Sharp Rise

Nigeria’s Forex Inflow In Sharp Rise

The Central Bank of Nigeria (CBN) says it recorded foreign exchange inflow of $14.53 billion from January to May this year. This represents 121 per cent increase when compared with $6.57 billion recorded from January to May in 2016. Vanguard analysis of the monthly economic reports of the apex bank revealed that foreign exchange outflow […]

NSE Market Capitalisation Grows By N27bn

NSE Market Capitalisation Grows By N27bn

The market capitalisation of the Nigerian Stock Exchange (NSE) for the third consecutive day on Wednesday posted further growth increasing by N27 billion or 0.23 per cent to close at N11.550 trillion against N11.523 trillion on Tuesday. Similarly, the All-Share Index, which opened at 33,436.61, inched 78.32 points or 0.23 points to close at 33,514.93 […]

Despite Interventions Why Is Exchange Rate Still High

Despite Interventions Why Is Exchange Rate Still High

Foreign exchange earnings capacity, economic structure of the country, and outlook are keeping the naira value high despite interventions. Presently, it is exchanged at N306 per dollar at the allegedly inaccessible interbank window; N360 per dollar at Invisibles Segment; N362 by the licensed Bureau De Change operators; N369.35 at newly inaugurated Investors and Exporters window; […]

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