dollar

The Indian currency exhibited a confined trading range on Monday morning, March 11, 2024 as the boost from overseas investment inflows was counterbalanced by a downward movement in domestic stock indices. Foreign exchange dealers noted the rupee gained traction, underpinned by the U.S. dollar’s weakness and a decline in crude oil prices.  At the interbank forex market, the rupee initiated trading at 82.74 per dollar but soon recovered some ground, touching 82.64 against the greenback during early trades,…

Global investment bank Goldman Sachs said it sees the Nigerian naira gain more ground against the US dollar in the next twelve months. The bank projected the exchange rate of the local currency to the greenback at 1200 in the short term on the back of policy reforms that could support the currency’s recovery. In a research note issued late Thursday, the New York-based financial institution highlighted the recent upward interest rate adjustment by monetary authorities in Nigeria and a recent N1.6 trillion bill…

Lowry is a highly sought-after neighborhood known for its well-designed layout, convenient walkability, numerous pocket parks, and comfortable suburban atmosphere. The housing options are varied, ranging from budget-friendly townhouses and condos to luxurious multi-million dollar estates. Like Denver’s Central Park neighborhood, built on the former Stapleton Airport property, Lowry offers a suburban feel, said Jessica Zalkin with 8z. “It’s right in the center of the city, but you don’t feel the hustle and bustle the way…

Seplat Energies raked in N885.1 billion in total comprehensive income – the combined earnings that companies receive from unexpected gains in addition to profit – after the energy giant turned Nigeria’s foreign exchange crisis into its advantage. According to the corporation’s audited books released on Thursday, total comprehensive income surged more than eight times from N106.5 billion the preceding year. For an energy giant that generates its revenue mostly from the dollar, the pretty strong performance owed…

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Oil prices witnessed a downturn this Monday, continuing the trend from the previous session. This decline comes in the wake of a strengthening dollar, fueled by evolving speculations around U.S. interest rates. Such financial adjustments have been a significant factor in restraining the growth of global fuel demand. Brent crude futures experienced a slight drop of 14 cents, settling at $81.48 a barrel, while West Texas Intermediate crude futures saw a decrease of 22 cents, closing at $76.27 a barrel. The…

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Tuesday urged the Nigerian government to put an end to the receipt of payments for all petroleum products in US dollars. This, the association said, is part of measures to address the continued rise in prices of petroleum products in the country. Benneth Korie, the president of NOGASA, disclosed this at a press briefing in Abuja on Tuesday. He explained that most Nigerians have adopted dollars as their main currency of exchange and trading while…

The proposals are in addition to a INR 22,516-crore chip assembly plant being set up by US-based memory chip maker Micron in Gujarat.Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a USD 8 billion…

The Central Bank of Nigeria on Wednesday announced that cash payment for Personal and Business Travel allowances (PTA/BTA) would no longer be allowed. The directive was conveyed in a circular addressed to all authorised banks, signed by Hassan Mahmud, the Director of the Trade and Exchange Department. To promote transparency and accountability in the forex market, the CBN directed all banks to process the allowances through electronic channels. “Memorandum 8 of the Foreign Exchange manual and the circular with…

Evaluating Synthetic Data — The Million Dollar QuestionAre my real and synthetic datasets random samples from the same parent distribution?Photo by Edge2Edge Media on UnsplashWhen we perform synthetic data generation, we typically create a model for our real (or ‘observed’) data, and then use this model to generate synthetic data. This observed data is usually compiled from real world experiences, such as measurements of the physical characteristics of irises or details about individuals who have defaulted on credit or…