Naira Weakens To 4-Year Low As Dollar Sells For N502/$1
Nigeria’s currency weakened to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and...
Naira In Best Health Against Dollar - Garba Shehu
Senior Special Assistant to the President on Media and Publicity, Garba Shehu, says the naira in its best possible health against the dollar.
He spoke while featuring on Channels Television’s ‘Sunday Politics’ programme.
The Economic Confidential had earlier...
CBN Devalues Naira To N410.25/$1
The Central Bank of Nigeria (CBN) has devalued the naira to N410.25 to dollar.
The devaluation of the local currency was confirmed by the adoption of the Nigerian Autonomous Foreign Exchange Rate (NAFEX), also known as the Investor and Exporter (I&E)...
WorldRemit Supports CBN’s Extension Of Naira-4-dollar Scheme
WorldRemit, a global cross-border payments company, has expressed support for the Central Bank of Nigeria’s decision to extend the deadline of the Naira-4-Scheme that was introduced in March this year.
The CBN had on May 6 announced that it...
CBN Extends Naira-4-dollar Deadline To Boost Remittances
The Central Bank of Nigeria has extended indefinitely its ‘Naira 4 dollar scheme’ earlier scheduled to end on May 8, 2021.
It disclosed this on Thursday in a circular to all Deposit Money Banks, International Money Transfer Operators and...
Oil Hits Six-week High $68.47 As Dollar Weakens
The international oil benchmark, Brent crude, reached its highest in six weeks on Thursday as strong US economic data, a weak dollar and overall expected recovery in demand outweighed worries about the impact of increased COVID-19 cases...
