Naira Exchange Rates •Commodity Prices Tuesday, August 25 

BLACK MARKET RATES   US  Dollar (USD) Buy ₦1,400 Sell  ₦1,405  Great British Pound(GBP) Buy ₦1,900 Sell: ₦1,920  EURO (EUR) Buy ₦1,590  Sell ₦1,610  Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080  South African Rand (ZAR) Buy ₦75 Sell ₦90  Ghana CEDI (GHS) Buy ₦95 Sell ₦110  West African CFA Buy ₦2, 300 Sell ₦2, 400  CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250   CBN Exchange Rates  US Dollar (USD) ₦1,346.98  Great British Pound (GBP) ₦1,837 54  EURO (EUR) ₦1,571.52  Swiss Franc (CHF) ₦1,678.89  Chinese Yuan (CNY) ₦200.37  Japanese Yen (Yen)  ₦8.46  West African CFA (XOF) ₦2. 40  West African Unit Account (WAUA) ₦1,849. 43  Saudi Riyal (SAR) ₦358.73  South African Rand (ZAR) ₦84.11  COMMODITIES   Commodity  Price (US$)     Chg         %  Soybeans  1219.96     3.96   0.33%  Wheat        686.75            5               0.73%  Palm Oil       4946.00 72.00       -1.43%  Coffee          341.82        0.170 .05%  Cotton         87.865     0.965 -1.09%  Cocoa       5945.00    89.00 -1.48%  Sugar         17.65           0.04        0.23% 

Read More

Nnaji: Nigeria Has Not Financed Construction of Any Major Power Plant for 11 Years

“Nigeria has not financed any major power generating plant in 11 years after government scrapped key risk guarantees that once attracted global investors.” That’s the Chairman of Geometric Power Group, Prof. Barth Nnaji. Nnaji stated this Monday in Lagos at the ongoing 19th Annual Conference of the Nigerian Association for Energy Economics (NAEE), under the…

Read More