Tags » Exchange Rate

Naira Appreciates To 3.52% Against Dollar

The Nigerian Naira, yesterday, appreciated by 3.52 per cent to close at N315.93 to a dollar at the interbank market, prompting calls for foreign investors to take advantage of the appreciation. 448 more words


Nigerian banks are being barred from forex trading as a dollar crunch worsens

The Central Bank of Nigeria (CBN) has suspended nine banks in the country from the inter-bank foreign exchange market due to a failure to remit government income to the government’s coffers, … 355 more words

Brexit: Two months on; the impact so far…

Today marks two months since the UK’s EU Referendum result. And I am tempted to count how many times the word Brexit has been used by journalists, commentators, politicians and economists – myself included – in that time. 752 more words


S1 Episode 13 - NYSC and the State of Affairs in Nigeria

Hi NYAC listeners,

In this episode, the ladies of NYAC talk about the mandatory National Youth Service Corps in Nigeria, their feelings about the incredulous exchange rate, and that glorious day when Lagos was featured on Snapchat. 46 more words


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


Loonie closes at 77 cents US, highest level in more than a month

TORONTO – Higher oil prices and a weak U.S. dollar helped push the loonie ahead for a fourth straight day.

The Canadian dollar climbed 0.38 of a cent to 77.80 cents U.S., closing at its highest level in more than a month. 169 more words


China Shock: The Untold Story

Front one of the US print edition of the Wall Street Journal last Fridy: Deep, Swift China Shock Drove Trump’s Support. A fascinating article that suggest, despite its title, that the impacts of China as it joined the global trade game led to swift and irreparable damage to America’s workforce and so led to the swell of support for Trump and Saunders. 639 more words