CBN To Resume Forex Sales To BDCs Sept 7
The Central Bank of Nigeria has said it will resume the sale of foreign exchange to the Bureau De Change segment of the foreign exchange market on September 7.
The CBN stated this in a circular entitled...
Uncertainty Over Resumption Of Dollar Sales To BDCs
The Naira, last week, continued its downward slide in the parallel market, where it depreciated further to N477 per dollar amidst uncertainty over resumption of dollar sales to Bureau de Change (BDC) operators ahead of the scheduled...
Naira Strengthens Against Dollar
Barely 24 hours Naira was forced to a downward trajectory by dollar scarcity it bounced back, closing at N477 to a dollar at the parallel market in Lagos.
The Pound Sterling and the Euro traded at N608 and N550, respectively.
The Naira, however,...
Naira Weakens To N480/$1 On Plans To Re-start International Flights
The naira on Tuesday fell 1.04 per cent to N480 to dollar on the black market after the Federal Government said it would reopen airports for international travel in two weeks, a move that could...
Investment One’s Dollar Fund Offers Investor Comfort Amid FX Uncertainty
As a petrodollar economy, Nigeria is susceptible to weakness in global oil prices which has continually impacted the country’s exchange rate and brings to the table conversations around devaluation of the local currency as was...
Naira Exchanges At N472/$ At Parallel Market
The Naira on Tuesday exchanged at N472 to a dollar at the parallel market in Lagos.
The Pound Sterling and the Euro also exchanged for N575 and N530 respectively.
The Naira, however, traded at N388.17 to a dollar at the...
