Tags » Depreciation

Naira Suffers Worst Depreciation Against Dollar

The Nigerian Naira, yesterday, suffered its most steep depreciation in the inter-bank market since the new foreign exchange market commenced, trading at N365.25 per dollar against N314.14, almost 14 per cent drop in one day. 397 more words


The thing with the study of commerce is that one word often means several different things depending on the commercial use. Depreciation is one of those words. 121 more words


Nuances of Contract Management

Question: Which is the one of the undefined (mostly), least priority and least understood  clause of contract specifically in IT Projects which can swing the cost of project by up-to  50% depending on project model (Turnkey, BOOT, Service Delivery et al) and Industry (IT Project, Infra Project et al)… 898 more words


I once had a discussion with a friend who claimed to have been defrauded by his insurance company. He lodged a claim under his motor insurance policy and at the end of the whole thing, what he got in form of compensation fell way below his expectations. 581 more words

Brief Note: What's in PBoC playbook?

The PBoC could’ve easily set their fixing above 6.7 last week on the back of a stronger dollar. This is the perfect excuse to go beyond the psychological barrier of 6.7 – to protect the credibility of the market-based fixing methodology without a depreciative bias. 727 more words

FX: CBN Withdraws Intervention As Naira Depreciates To N330

The Central Bank of Nigeria (CBN) has held back its intervention in the parallel market as the naira continued its depreciation, reaching a new low of N330. 126 more words