Stock QuotesEurobonds ($)
NIGERIAN EUROBONDS SEPTEMBER 17, 2020: 6.75% $500M Jan 2021 – 101.992/ 3.861%,   5.625% $300M Jun 2022 – 101.840/4.525%,   6.375% $500M Jul 2023 – 103.922/4.861%, 7.625% $1.118BN Nov 2025 – 107.654/5.883%,  6.500% $1.50BN Nov 2027 – 100.146/6.472%,   7.143% $1.25BN FEB 2030 – 100.750/ 7.032%, 8.747% $1.0BN Jan 2031 – 107.707/7.652 %,   7.875% $1.50BN Feb 2032 – 100.774/7.770%,   7.696% $1.25BN Feb 2038 – 95.731/8.158%,  7.625% $1.50BN Nov 2047 – 93.667/8.209%,   9.248% $750M Jan 2049 – 105.1748.749%.
Business Finance Info & Updates

CBN to unify exchange rates, pegs naira at 379/$

The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website.

The apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted.

It was however yet to announce if this would be the official unified exchange rate.

Meanwhile, the naira exchanged for N473 at the parallel market on Friday.

Experts have continued to clamour for a single exchange rate in the country.

The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, had said, “It will ease regulatory supervision, ensure transparency and effective price discoveries, and deepen market perfections.”

The Senior Partner, Regulatory and Technology, Stransact Partners, Eben Joels, said the gap between the various exchange rates operating in Nigeria created arbitrage opportunities for highly connected individuals.

Punch

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