June 12, 2017/InvestmentOne Research This id the NGN/USD opening and closing rates for NAFEX and the closing NGN/USD rate at the parallel market. 5-Jun-17 6-Jun-17 7-Jun-17 8-Jun-17 9-Jun-17 NAFEX Opening rate 377.42 377.89 377.14 376.03 374.97 NAFEX Closing rate 377.91 378.67 373.53 375.31 373.28 Parallel Closing rate 372.00 372.00 368.00 […]
Money Market
Fitch Rates United Bank for Africa’s Senior Notes Final ‘B’
(This statement was made by Fitch Ratings on June 8, 2017) Lagos (INVESTADVOCATE)-Fitch Ratings has assigned United Bank for Africa Plc’s (UBA) USD500 million 7.75% senior unsecured notes maturing on 8 June 2022 a final ‘B’ rating. The final rating is in line with the expected rating Fitch assigned to […]
Nigeria’s central bank to sell dollars to airlines, fuel importers
7/6/2017/Reuters Nigeria’s manufacturers, airlines, fuel importers and agriculture businesses will be able to buy dollars at a special market intervention to clear a backlog of foreign exchange obligations now due, the central bank said on Wednesday. The central bank plans to settle the bids through a combination of spot and […]
