Nigeria Stock Exchange: Trading Hits Bearish Trend

Trading at Nigerian stock market , NSE, has resumed after the Easter holidays on Tuesday with a loss of 0.39 per cent due to persistent bearish trend. Specifically, the All-Share Index lost 150.13 points or 0.39 per cent to close 38,766.61 compared with 38,916.74 achieved on Thursday. All-Share Index drops 0.16% at NSE – Vanguard […]

CBN Begins “Send A Dollar, Get ₦5 Free” Forex Promo

The Central Bank of Nigeria, CBN, has introduced it’s Forex Promo known as”Send A Dollar, Get, N5 Free”. This is a bid to sustain the increase in inflows of diaspora remittances into the country. It is an incentive that pays naira to senders and recipients of international money transfers. The policy is aimed at boosting […]

Naira Continues Fall, Now N460 To A Dollar

The naira has continued to weaken to the dollar, selling at N460 to a dollar on the parallel market despite resumption of forex sales to the Bureau de Change Operators. It had earlier dropped from N480/$1 to N440/$1 after the Central Bank of Nigeria resumed forex sales to BDCs. The Central Bank Governor, Godwin Emefiele, […]