January 9, 2017/Cordros Research At the time of writing, the naira — in the interbank market — had appreciated against two of the three currencies we currently track. The NGN/GBP (+1.24%) and NGN/EUR (+0.01%) appreciated to N384.82 and N332.30 respectively. The naira was flat against the greenback as the NGN/USD […]
Money Market
Is The Official Exchange Rate of N305 Realistic & When Can We Expect Uninterrupted Supply of FOREX?
Culled—Proshare January 9, 2017/FDC The exchange rate of N305/$ is neither a realistic nor an effective price of the currency at this time. This is because you cannot get dollars at this price unconditionally. In the parallel market, the naira is trading at N495/$, whilst transfers are going at N505/$. […]
YESGrant: Heritage Bank empowers 35 entrepreneurs with N50m
January 9, 2017/Heritage Bank Ltd As part of its culture of providing timely and affordable credit to assist youth in implementing their business ideas, Heritage Bank Plc under the Young Entrepreneurs & Students Grant Scheme (YESGrant) has provided N50million in Grants to 35 entrepreneurs. In partnership with the Nigerian Young Professionals […]
