December 3, 2020 - Market News Nigeria

CBN Directs Banks To Close Naira Accounts For IMTO Proceeds

Following its new policy that grants unfettered access to forex from Diaspora and other money transfer remittances, the Central Bank…

At the same segment, the domestic currency also appreciated by N5 against the Pound to wrap the day at N635/£1…

The Central Bank of Nigeria has said it has introduced special bills as part of efforts to deepen the financial…

Naira exchanged to the dollar at 490/$ in the parallel market on Wednesday, after it had sold for N500 on…

Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds Number, a new procedure introduced…

OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of…

The Nigerian currency, Naira, yesterday reversed its two weeks depreciation trend in the parallel market, recording N20 gain against the…

The sale of a Nigerian oilfield to Eni and Royal Dutch Shell was legally “perfect” and there was no proof…

Sterling fell to a one-month low against the euro and also dipped momentarily below $1.33 on Wednesday as Britain and…

The safe-haven dollar sank to a fresh 2-1/2-year low in choppy trading on Wednesday, pressured once again by expectations of…

The Nigerian Ports Authority has finalised plans to implement the electronic call-up system to control the entry of trucks into…