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/$, whilst transfers are going at N505/$. […]

Fifth Edition of the Africa Business Forum in Addis Ababa March 1, 2017

January 9, 2017/AfricaBusinessForum.com The 5th edition of the Africa Business Forum in Addis Ababa, Ethiopia will be held for the Second time in Ethiopia on the 1st of March 2017 in the 5 star Sheraton Hotel, under the Patronage of Sheikh Mohammed Al Amoudi, one of the largest investors in […]