Naira Likely To Gain More Grounds

Naira Likely To Gain More Grounds

The Naira is set for a strong showing this week as the Central Bank of Nigeria (CBN) commences another round of forex injections into the invisible segments of the market. Industry experts are of the view that the rate of forex liquidity being pumped into the system by the CBN will lead to a depreciation […]

CBN Weakens Naira For Investors

CBN Weakens Naira For Investors

For the benefit of the investors, the naira has been weakened but there may be a challenge to attract dollars unless it scraps its system of multiple exchange rates, analysts said, as this may hamper the inflow of funds after the CBN’s latest currency moves. The bank said on Monday that it would allow investors to trade the naira at […]

Dollar Loses 5 Points To Naira

Dollar Loses 5 Points To Naira

Today, the dollar lost 5 points against the naira in all the major segments of the market. Officially, the Nigerian currency has gained five points to exchange at N385 to the Dollar from the N390 recorded on Wednesday. The Pound Sterling and the Euro traded at N495 and N410, respectively. At the Bureau De Change (BDC) […]

Financial Stocks Lift NSE’s Turnover By N10.3b

Financial Stocks Lift NSE’s Turnover By N10.3b

some insurance companies and banks, especially Continental Reinsurance, last week, did some Heavy transactions which lifted the volume of shares traded, as a turnover of 309 billion shares worth N10.323 billion were recorded in 13,042 deals by investors on the floor of the Exchange. This volume of shares traded was, however, higher than a total of […]