January 9, 2017/Cordros Research The Nigerian equities market started the week on a bullish note, advancing by 1.25%; the All Share Index closed at 26,580.22 points. The All Share Index recorded its first back-to-back gains this year following Friday’s gain of 0.15%. The Banking (+4.04%) index recorded the biggest gain, […]
Updates
Naira Gains, Trades 490 at Parallel Market
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 […]
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/$, whilst transfers are going at N505/$. […]
