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NIGERIAN EUROBONDS SEPTEMBER 24, 2020: 6.75% $500M Jan 2021 – 100.458/ 5.292%,   5.625% $300M Jun 2022 – 100.590/5.262%,   6.375% $500M Jul 2023 – 101.947/5.607%, 7.625% $1.118BN Nov 2025 – 103.747/6.748%,  6.500% $1.50BN Nov 2027 – 95.432/7.328%,   7.143% $1.25BN FEB 2030 – 95.331/ 7.853%, 8.747% $1.0BN Jan 2031 – 101.916/8.462%,   7.875% $1.50BN Feb 2032 – 94.801/8.598%,   7.696% $1.25BN Feb 2038 – 89.564/8.884%,  7.625% $1.50BN Nov 2047 – 88.422/8.745%,   9.248% $750M Jan 2049 – 98.521/9.396%.
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Naira loses ground against Dollar

The Nigerian Naira depreciated against the US dollar in the parallel market on Monday in contrast to the massive gains it recorded last week.

According to market monitors, ngnrates.com, the US Dollar is being traded at ₦445.00 today, 7 September.

This is N5 more than last week’s price of N440. The buying rate is N430.

The dollar had rolled into the market at N465, but it slumped to N440 on Tuesday, on news that the CBN will soon be selling dollars to the Bureaux de Change.

Today’s rate still gives the Naira a %4.30 appreciation for the Naira, compared with the opening rate last week.

“When we look at the whole month, we see that USD rate started September at ₦440.00 on Tuesday, September 01, 2020. As of today with US Dollar being traded at ₦445.00, we see a %1.14 rise for USD to Naira exchange rates for this September”, ngntrade noted.

Pmnews

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