Naira Appreciates To N385.50/$1
The naira appreciated to N385.50 at the Investors and Exporters (I&E) window on Monday, June 1, 2020, as the Central Bank of Nigeria’s intervention in the foreign exchange market intensifies. The demand pressure on the foreign exchange market by currency speculators...
BDCs Caution Members Against Speculation, Dollar Exchanges N461/$
The Association of Bureaux De Change Operators of Nigeria has warned its members and forex speculators putting pressure on the naira to stop the practice or risk losing their money.
This came as the dollar was on Wednesday...
Naira Exchanges At N450 To Dollar
The naira on Thursday exchanged at N450 to dollar at the parallel market as build up on dollar demand continued to rise.
The naira is seen weakening on the black market as dollar demand rises from foreign investors and importers...
Dollar Sells For N445 As Forex Scarcity Persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market.
The extension of the ban placed on flights in the country by the Federal Government, as part...
CBN Resumes Dollar Sales For SMEs, School Fees
The Central Bank of Nigeria has resumed provision of foreign exchange to all commercial banks for onward sales to parents wishing to pay school fees and Small and Medium Enterprises.
The CBN Director, Corporate Communications, Mr Isaac Okorafor...
Dollar Sells For N450 In Parallel Market
The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market.
Impact of the crude oil prices which had been fluctuating, and fell to as low as $21,...
