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CBN Probes Forex Dealers For Imports Regulations Violation

CBN Probes Forex Dealers For Imports Regulations Violation     The Central Bank of Nigeria has said it is probing some dealers for allegedly procuring foreign currencies for the purpose of importing items, which had been designated as invalid for the Nigerian foreign exchange market. Following an ex...

Black Market Forex Dealers Cash On Scarcity, Sell N415/$

Black Market Forex Dealers Cash On Scarcity, Sell N415/$   The pressure on the foreign exchange market seems to have continued unabated as the Naira depreciated to its weakest level since February 2017 at the parallel market, which is also known as the black market, selling...