Business Naira Rises 0.4% to 320.95 Per Dollar

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ProfRem

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Nigerian Naira gained on Monday morning advancing 0.4% to 320.95 to the United States Dollar at the inter-bank market.

The Naira-dollar 3 month non-deliverable forwards jumped to -0.1% to 350 per United States Dollar

The Ghanian Cedi on the hand, falls 0.1% to 3.95 to a United States Dollar, which poised for lowest close since Aug. 9, 2016.

Also, yield on Ghana’s Eurobond due August 2023 jumped +2bps to 9.75%.

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Meanwhile, as the tenure of the Chief Executive Officer of the National Bureau of Statistics (NBS), Mr. Yemi Kale, ends today, financial market analysts have commended his contribution to the transformation of the country’s data system since his appointment in 2011.

The NBS has since 2011 grown as a reliable statistics body whose data have continued to be relied on nationally and internationally for effective planning.
 
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