Stephen Angbulu, Damilola Aina and Anozie Egole The Presidency on Tuesday said the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria aimed at
Tag: dollars
FG Benefiting From Dollar-To-Naira Hike – Ndume
Senator Ali Ndume has said the federal government is not losing out from the naira depreciation against the dollar, but rather gaining more revenue to
Consumption to Production: Panacea to Nigeria’s Forex Crisis
By Soliudeen Balikis “In 1982, I travelled to the United Kingdom for the first time. The Naira was happily accepted from me on the streets
Dollar now N876 as forex shortage worsens
The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday. Some Bureau de Change operators,
Forex scarcity persists as CBN resumes intervention
Banks ignore CBN’s directive on domiciliary accounts Exchange rates converge around N770/$ There are indications that banks are ignoring the Central Bank of Nigeria, CBN, directive that
CBN devalues naira to N631/$1
The Central Bank of Nigeria has devalued the naira to N631 to the dollar from N461.6. The devaluation came 48 hours after President Bola Ahmed
