July 24, 2017/InvestmentOne Research Below the NGN/USD NAFEX opening and closing rates and the closing NGN/USD rate at the parallel market in the outgone week. 17-Jul-17 18-Jul-17 19-Jul-17 20-Jul-17 21-Jul-17 NAFEX Opening rate (NGN/USD) 365.57 365.20 365.75 365.13 365.43 NAFEX Closing rate (NGN/USD) 362.21 362.22 363.57 367.60 366.67 Parallel Closing […]
Money Market
Cash crunch hits banks as CBN mops up naira
July 24, 2017/Punch A severe cash crunch has hit the economy with serious effects on households, firms and banks as the Central Bank of Nigeria continues to mop up naira in order to reduce dollar demand, OYETUNJI ABIOYE writes In order to reduce demand for foreign exchange, especially the dollar, […]
FirstBank Says has no hidden TSA funds in its books
July 22, 2017/First Bank of Nigeria Ltd FirstBank wishes to categorically state that it does not hold any funds due NPDC and NNPC that are TSA eligible as carried in recent media reports as the Bank has since transferred all funds due to the TSA accounts in compliance with the […]
