dollars
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economy
FX stability; CBN sells 122.671m dollars to 46 authorised dealers
The Central Bank of Nigeria (CBN), has sold the sum of 122,671 million dollars to 46 authorised dealers. According to a statement issued by the apex bank’s Director in charge of Financial Markets, Dr Omolara Duke, the move is aimed at promoting stability as well as to reduce market volatility in the foreign exchange market. Duke said that 67.5 million…
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Featured
Naira loses marginally, exchanges N461.50 to dollar
The Naira on Monday exchanged at N461.50 to the dollar at the Investors and Exporters window. The figure represented a decrease of 0.05 per cent compared with the N461.25 it exchanged after the close of business on Feb. 18. The open indicative rate closed at N461.60 to the dollar on Monday. An exchange rate of N462.06 to the dollar was…
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Energy & Environment
Oil price will likely fall further, global agency says
A global energy agency says the oil market has further to drop as supplies from the U.S. show no sign of slowing. The International Energy Agency, a watchdog that represents the world’s main oil-importing nations, says in a monthly report that the recent stabilization in oil prices is “precarious.” “Behind the facade of stability, the rebalancing triggered by the price…
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