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CNBC – How this 23-year-old became the only full-time woman trader at the New York Stock Exchange

Working in an industry where you are one of very few women can be challenging enough — but imagine what it’s like to be the only woman on staff. That’s the case for New York Stock Exchange trader Lauren Simmons. The 23-year-old is an equity trader for Rosenblatt Securities, and she is both the youngest…
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Vanguard – Naira appreciates to N363.5/$

THE naira yesterday appreciated to N363.5 per dollar in the parallel market in response to measures introduced by the CBN over the weekend to boost dollar supply. Meanwhile, Governor of the CBN, Mr. Godwin Emefiele, yesterday commenced on-the-spot monitoring of Over-the-Counter (OTC) sales of foreign exchange (forex) by banks to customers in a bid to…
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Vanguard – CBN increases dollar supply to BDCs by 50%

Order banks to sell dollars across the counter to non customers ABCON kicks, says its unfair By Babajide Komolafe In a bid to address the increased demand for dollars, which led to N2 depreciation of the naira in the parallel market last week, the Central Bank of Nigeria, CBN, yesterday, increased dollar sales to bureaux…
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Vanguard – Currency Swap: NACCIMA calls for in-depth discussions

By Naomi Uzor THE Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), yesterday called for in-depth discussions on the immediate, short term and long term implications of the proposed Naira-Yuan Currency Swap deal. •Iyalode Alaba Lawson Speaking on the state of the nation, the president of NACCIMA, Iyalode Alaba Lawson, said the…
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CNBC – European Central Bank holds rates steady and reaffirms ultra-easy monetary policy

•The European Central Bank (ECB) kept interest rates unchanged on Thursday. •Attention from investors will turn to ECB President Mario Draghi to see what he makes of recent conflicting economic data and whether the central bank will extend its ultra-easy monetary stimulus efforts beyond September. •The timing of when the ECB will end its stimulus…
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Punch – DMO raises N90bn for 2018 budget

Everest Amaefule, Abuja The Debt Management Office on Thursday said it had raised N90bn towards the implementation of the 2018 budget. A statement issued by the office in Abuja said it conducted the fourth monthly FGN Bond auctions for the year on Wednesday to raise funds for the implementation of the budget. Three bonds (five,…
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Punch – Best Ways to Transfer Money Internationally

To find the best way to transfer money internationally, it’s important to understand the fees, exchange rates and speed of different transfer options. Today, sending money abroad can be done in a matter of minutes no matter where you are. In fact, with the development of online money transfers and digital banking, you can transfer…
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Thisday – CBN Pumps $18.1bn into FX Market in 13 Months

The Central Bank of Nigeria (CBN) has injected a total of $18.067 billion into the interbank segment of the foreign exchange (FX) market since it started its forays into the market in February last year, figures compiled by THISDAY have shown. According to the weekly FX sales by the central bank between February 21, 2017,…
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Telegraph – Rising FX shield Nigeria from U.S. rate hike

Contrary to speculation in some quarters, last Wednesday’s decision by the United States’ Federal Reserves to hike interest rates will have no significant impact on an emerging market such as Nigeria due to the country’s healthy foreign exchange reserves, New Telegraph’s investigations have shown. As was widely expected, the U.S. Fed, at its meeting last…
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The Nation – Oil prices rebound to $65

Crude oil prices reached $65 yesterday after a drop in prices earlier in the year. Brent crude, which is the international benchmark of crude oil, had opened 2018 at $64.73. By January 9, it hit $68 before falling to $61.64 by February 1. Traders attributed the recent increase to a drop in the number of…
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