Banking
source During the first half of 2022, 12 Nigerian banks listed on the Nigerian Exchange (NGX) paid N62.41 billion in deposit insurance premiums to...
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source During the first half of 2022, 12 Nigerian banks listed on the Nigerian Exchange (NGX) paid N62.41 billion in deposit insurance premiums to...
Forex traders said the fall is because of the sustained scarcity of the dollar.
Contrastingly, the naira fell further against the US dollar on Wednesday morning.
The figure rose by 16 per cent from N2.79 trillion in April 2021 to N3.25 trillion.
This is according to data from the money and credit report of the CBN.
Naira appreciated marginally at the parallel market on Tuesday 8th February 2022.
Naira remained flat at N570/$1 at the parallel market.
The Debt Management Office issued two tranches of bonds in its first issuance for the year.
US Dollar stands at ₦480/US$1 in the parallel market
The naira depreciated marginally against the dollar, closing at N461/$1 at the parallel market on Tuesday.