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Tag: International Money Transfer Service Operators (IMTOs)

Naira Recovery Against Dollar To Begin February 2021 – CBN

Naira Recovery Against Dollar To Begin February 2021 - CBN         The Central Bank of Nigeria (CBN) has said the naira will begin recovery against the dollar and other global currencies from February 2021. This was contained in the latest CBN Business Expectation Survey released by its...

Parallel Market Responds To Devaluation, As Dollar Trades At N500

Parallel Market Responds To Devaluation, As Dollar Trades At N500       The parallel market has responded to the fresh devaluation of the naira amidst growing foreign exchange illiquidity. The local currency weakened to N500/$ at the black market at the weekend. The Central Bank of Nigeria (CBN)...