By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian local currency the naira on Monday sold N225/$1 in the black market, Proshare’s daily exchange monitor said. “Today, the naira exchanged at the parallel market for N225 to a dollar while the pounds sterling and euro traded for N335/£1 and N238/€1 respectively,” the report affirmed. […]
Money Market
New FIRS chairman and challenge of oil slump
The drop in oil prices has made the Federal Government to shift emphasis to other sources of revenue, particularly taxes. In this piece, IFEANYI ONUBA examines some of the challenges facing the newly appointed Chairman of the Federal Inland Revenue Service in the face of declining gross federally collectible revenue. […]
Naira Trades 199.05/$1, as Dollar Records Poor Global Performance
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira traded on Friday at N199.05 to a dollar, as the greenback had a poor week globally following mediatory tone of the US Federal Reserve during this week’s FOMC meeting. The Nigerian local currency lost 104 basis points (bps) and 294 bps against the […]
