Culled—Punch by Femi Asu The demand for the United States’ dollar at the parallel market was up on Tuesday, driving down the naira to 267.5 against the greenback. The naira had on Monday closed at 265 against the dollar in the unofficial market, compared to 263 on Sunday. The Acting […]
Money Market
Christine Lagarde Endorses Fight against Nigeria’s Corruption, Urges Naira Flexibility
CBN Says Nigeria’s Forex Reserves Down 15.61% to $29.13 Billion Y-o-Y by Dec 29
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said on Thursday Nigeria’s foreign exchange reserves dipped by 15.61 percent year-on-year (Y-o-Y) to $29.13 billion by December 29, 2015 from $34.52 billion recorded a year ago, according to Reuters report According to the report, data from the CBN showed on […]
