By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Tuesday traded for N222.5 to a dollar in the parallel (Black) market; while the pounds sterling exchanged around N302 to one pound. A Proshare report say the value of the naira has depreciated significantly in the face of several measures by the […]
Money Market
Dollar at 12-year peak on euro
Tue Mar 10, 2015/Reuters The U.S. dollar climbed to multi-year peaks against the euro and yen in Asia on Tuesday amid starkly diverging outlooks for interest rates globally, while currencies from emerging markets came under mounting pressure from risk aversion. The skittish mood spread to Asian stocks as MSCI’s broadest […]
Naira Up 0.38% on CBN Intervention, Inflow from Oil Majors
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The naira on Monday opened the week appreciating 0.38 percent due to the Central Bank of Nigeria’s (CBN’s) intervention as well as dollar inflows from major international oil companies. At the close of trading, a dollar exchanged for N198.25, similarly, the local currency gained relative to […]
