Browsing Tag

Investment and Export

Naira Weakens 0.7% At I&E Fx Window

ISMAIL MUSA The Nigerian Naira on Monday declined at both the parallel market and the Investment and Export (I&E) Segment respectively. The naira depreciated by 0.2 percent and 0.7 percent to N387.33/USD and NGN450.00/USD at the…

IMF Inflow Boost FX Reserves To $35.67bn

The Rapid Finance Instrument (RFI) from the International Monetary Fund (IMF) last week sustained the growth of Nigeria’s foreign exchange (FX) reserves for the third straight week ended May 22, growing by $14.92 million WTD to $35.67…