Money Market

AfDB to open field offices in Benin, Guinea and Niger

February 24, 2017/AfDB Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational presence, visibility and address their needs effectively. In line with the […]

Naira Recovers by 5 percent in 2 days to N495 to 1$; Oil Trades at $57pb

Culled—Proshare February 23, 2017/FDC Tweaking the forex policy and increasing supply helped the naira recover 5% of its value in 2 days to N495/$. Before we get carried away, we must remember that this recovery is only as good as the supply remaining consistent. The good news is that oil […]

Naira continues gain, closes at 505/dollar

23/2/2017/Punch The naira recorded further gain against the United States dollar on the parallel market on Wednesday, reversing part of the loss it had recorded in recent days. Specifically, the naira rose to 505/dollar on Wednesday, up from 512/dollar on Tuesday, as the Central Bank of Nigeria started increasing dollar […]