Oil prices today fell sharply to their lowest in more than a week. Brent crude futures were down $2.08, or 2.9%, at $69.40 a barrel around 7:01 AM WAT, after earlier tumbling more than 4% and touching its lowest level since June 11, reports AFP. U.S. West Texas Intermediate crude declined $2.03, or 3.0%, to […]
•Naira notes The naira depreciated by 2.4 per cent and 2.6 per cent in March at both the Nigerian Autonomous Foreign Exchange Market window and the parallel market compared to the previous month. According to the latest Afrinvest Monthly Market Report titled, ‘Analysing Global and Nigerian Economies & Financial Markets’, the naira dropped ...
•US Dollar and Naira notes The Nigerian naira has nosedived to N1,541.36/$ in the official foreign exchange market on the first trading day of the New Year. Data from the Nigerian Foreign Exchange Market (NFEM), as published on the Central Bank of Nigeria’s website and sighted by our correspondent, indicates a 0.36 per cent depreciation [&hell...
•Naira and Dollar notes The Nigerian Naira experienced a slight decline in value against the US Dollar yesterday, trading at N1,631.17/$ at the official market. This represents a 0.04% loss, or 72 kobo depreciation, compared to Tuesday’s rate of N1,630.45/$. According to data from the FMDQ Exchange, the total daily turnover reduced significant...
•Dollar and Naira The Naira yesterday depreciated to N1,640 per dollar in the parallel market from N1,620 per dollar on Wednesday. Similarly, the Naira depreciated to N1,639.41 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,639.41 per dollar fro...
•Scene of the accident A fully loaded high-capacity Bus Rapid Transit (BRT) vehicle overturned inside the dedicated BRT lane at Iyana Ipaja, Lagos, resulting in injuries to 10 passengers. According to an update from the Lagos State Traffic Management Authority (LASTMA), the accident occurred shortly after the bus had departed from the BRT park...
•Dollar and Naira The naira depreciated yesterday to N1,395 per dollar in the parallel market from N1,365 per dollar on Thursday. However, the naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,400.4 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,400.4 per dollar from N1,402.67 per...
•Naira and Dollar The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market yesterday, according to data obtained from the FMDQ securities exchange. The exchange rate means the naira fell by N65 or 5.26 per cent from N1,169.99/$1 recorded on Friday, reports The PUNCH. The local [&hell...
The naira yesterday depreciated to N1,240 per dollar in the parallel market from N1,235 per dollar on Wednesday. However, the naira appreciated to N895.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM), thus widening the gap between the official and parallel market exchange rates to N344.77 per dollar yesterday from N199.88 per dol...
The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar Tuesday. Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N904.65 per dollar from N865.03 per dollar on Tues...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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