The persistent depreciation and instability of the naira against the Dollar has continued to cause a skyrocketed inflation in Nigerian economy. This is reflected on the surge of goods and services depending on input from abroad. For instance, incessant fall…
The exchange rate between the Naira and the U.S. dollar stood at N706/$1 on Monday, 12th September 2022 morning, a 0.28 per cent appreciation compared to N708/$1 recorded on Friday, last week. This is according to information obtained from black…
…BDC Operators advocate floating of Naira … Nigerian economy suffering lack of productive activities— Chizea . ..FG must fix structural, money, policy issues — Muda Yusuf By Uthman Salami and Ariemu Ogaga Following the assurance by the Central Bank of…
The Naira exchanged at 418. 33 to the dollar at the Investors and Exporters window on Friday, compared to N419.50 to the dollar recorded on Thursday. The open indicative rate closed at 417.40 naira to the dollar on Friday. An…
Deposit Money Banks (DMBs) on Monday commenced sales of dollar at N412 to retail customers that meet required documentations. This is in compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks have…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange (I & E FX) window on Tuesday depreciated by 0.65 per cent to close at N411.75 against the Dollar.. The local currency gained by 0.35percent and 0.17percent against the…
By Kayode Tokede The Central Bank of Nigeria (CBN) has mandated commercial banks to open new dollar account with offshore lenders for receiving international money transfers. The directive was disclosed by WorldRemit- an International Money Transfer Operators (IMTO) player to…
