August 7, 2017/CBN Your attention is drawn to our letter on the above subject referenced: OFI/DIR/CIR/GEN/17/139 dated April 21, 2017 in which all OFIs were required to undertake the following: a. Enrol their customers on or before July 31, 2017; b. Conspicuously display notices sensitizing customers on BVN in the […]
Money Market
NAFEX, Parallel Market Rates in the outgone week
August 7, 2017/InvestmentOne Research Below is the NGN/USD NAFEX opening and closing rates and the closing NGN/USD rate at the parallel market in the outgone week. 31-Jul-17 1-Aug-17 2-Aug-17 3-Aug-17 4-Aug-17 NAFEX Opening rate (NGN/USD) 367.04 367.72 367.28 366.71 367.04 NAFEX Closing rate (NGN/USD) 367.88 366.59 368.50 367.19 366.44 Parallel […]
Naira reverses gain, closes at 363/dollar
August 7, 2017/Punch Oyetunji Abioye The naira closed at 365 per United States dollar at the parallel market on Sunday, reversing the gain it recorded in the past week. The local unit had closed last week at 363/dollar. The naira, which initially traded at 365/dollar, recorded slight after the Central […]
