Low Naira yields, for how long?

Posted by InvestAdvocate on August 20, 2019

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August 19, 2019/Coronation Report

President Muhammadu Buhari last week directed the Central Bank of Nigeria (CBN) to halt the sale of foreign exchange for food importation. This prompted front-page headlines defending CBN independence, which we believe will be heeded.

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MARKET MOVERS

**DAILY TOP GAINERS**
COY	OPENING PRICE	CLOSING PRICE	% CHG
BETAGLAS	453.20	498.50	+10.00%
MANSARD	15.50	17.05	+10.00%
SKYAVN	117.00	128.70	+10.00%
ZICHIS	13.06	14.36	+9.95%
JPAULGOLD	3.03	3.33	+9.90%

**DAILY TOP LOSERS**
COY	OPENING PRICE	CLOSING PRICE	% CHG
DEAPCAP	7.00	6.30	-10.00%
MECURE	93.60	84.25	-9.99%
VITAFOAM	129.80	116.85	-9.98%
UNIONDIC	20.40	18.40	-9.80%
ABBEYBDS	11.95	10.80	-9.62%

Source: NGX as at Feb; 18, 2026

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Low Naira yields, for how long?

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