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NIGERIAN EUROBONDS February 26  20215.625% US$300M JUN 2022-104.153/2.405%,  6.375% US$500M JUL 2023– 108.722/2.544%, 7.625% US$1.118BN NOV 2025– 114.871/4.123%,  6.500% US$1.5BN NOV 2027– 107.119/5.231, 7.143% US$1.25BN FEB 2030 – 106.034/6.254%, 8.747% US$1.0BN JAN 2031 – 115.309/6.611%,  7.875% $1.50BN Feb 2032 – 107.767/6.855%, 7.696% $1.25BN Feb 2038 – 102.874 /7.396%,  7.625% $1.50BN Nov 2047 – 102.216 /7.432%, 9.248% $750M Jan 2049 – 114.596/7.939%.
Business Finance Info & Updates

Naira gains slightly, exchanges for 473/$

The naira on Monday exchanged at  473/$ at the parallel market, after trading at  477 the previous week.

At the Investors & Exporters forex window, the naira hit a high of  422/$ before closing at  390/$.

The Central Bank of Nigeria however maintained the official rate at  379/$ on its website.

At the recent Monetary Policy Committee meeting, the committee noted the CBN’s effort at improving liquidity in the foreign exchange market.

The Central Bank Governor, Godwin Emefiele, noted the need to continue to explore avenues to improve inflow from sources such as the International Money Transfer Operators, diaspora remittances and non-oil export promotion, given the current trajectory of crude oil prices.

“These sources, in the view of the committee, would boost foreign exchange supply and ease the current exchange rate pressure,” he said.

The CBN in a recent circular to International Money Transfer Operators and Payment Service Providers had warned operators against paying recipients of diaspora remittances in local currency.

It warned that violators could lose their operational licences if they failed to comply with its guidelines on remittances.

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