English>
Your daily Naira exchange rate

Market News

Petroleum Smuggling Accounts For Weakening Of Naira – Ribadu - NEW TELEGRAPH

SEPTEMBER 10, 2024

BY  Abdulwahab Isa

The National Security Adviser of Nigeria( NSA) Mallam Nuhu Ribadu said petroleum products smuggling out of Nigeria accounts for the major difficulty of the government in stabilizing the value of the Naira.

Ribadu while addressing Operation Whirlwind Stakeholders’ engagement on Monday lamented that the activities of petrol smugglers is taking a negative toll on the economy

Details later…

MARKET NEWS

October 07 Naira depreciates against dollar amid FX supply drop - DAILY POST October 07 Yemi Cardoso: Floating of Currency Key to Achieving Forex Market Reality - THISDAY October 07 Goldman lowers recession odds to just 15% - CNBC October 07 Issa-Onilu: NPA charging duties in naira will stabilise exchange rates - THE CABLE October 07 Oil prices rise as Middle East tensions escalate, markets hedge against $100 a barrel... (read more) October 07 Investors shun build-to-let properties as rent defaults grow - BUSINESSDAY October 07 Sterling drops versus euro and dollar, geopolitics in focus - REUTERS October 07 Higher interest rates will curb inflation – Cardoso - PUNCH October 07 Nigerian govt commences crude oil sales in Naira - PREMIUM TIMES October 07 Naira loses N89 against dollar - DAILY POST October 07 Euro zone investor morale rises in October on brighter expectations - REUTERS October 07 Edun Confirms Sale of Crude Oil, Refined Petroleum Products in Naira for Currency Sta... (read more) October 07 Bank of Israel to hold rates even as inflation rises: Reuters poll - REUTERS October 07 US 10-year yield surpasses 4% amid Fed rate path reassessment - REUTERS October 07 Delta Air to commence direct flight to Nigeria December - PUNCH October 07 South African rand gains against dollar, focus on US data this week - REUTERS October 07 Strong jobs report propels dollar to best week since 2022 - REUTERS October 07 Saudi Arabia Warns Oil Prices Could Drop to $50 - OIL PRICE.COM October 07 Submit FX compliance report, CBN orders banks - PUNCH October 07 Why naira stability hinges on 2m bpd of oil - BUSINESSDAY October 07 China's Sept forex reserves rise more than expected to $3.316 trln - REUTERS October 07 UPDATED: $543.5m FX sold to authorised banks in 11 days – CBN - PUNCH October 07 Banks disburse N132bn intervention fund despite CBN ban – Report - PUNCH October 07 Oil prices extend gains, lifting Brent crude towards $80 on fears of wider Middle Eas... (read more) October 07 US Yields Back at 4% for First Time Since August on Fed Rethink - BLOOMBERG October 07 Dangote’s Nigerian Crude Grab to Shake Up Atlantic Oil Markets - BLOOMBERG October 07 Debt burden threatens poor countries’ development goals, UN official says - REUTERS October 07 Naira rebounds after month of elevated supply - NIGERIAN TRIBUNE October 07 Electronic FX system, new withholding tax law… business stories to track this week - THE CABLE October 07 UK’s Pound Seen at a Turning Point After Peer-Beating Rally - BLOOMBERG

SEE HOW MUCH YOU GET IF YOU SELL

NGN
© 2024 abokiFX | All Rights Reserved
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics