Nigeria can no longer boast to be the biggest economy on the African continent, as it lost the spot to South Africa after the naira plunged to new lows. With
Tag "dollar"
The naira has appreciated against the dollar at the parallel market, as banks complete documentation for forex sale to bureau de change (BDC) operators. The Nigerian currency on Wednesday afternoon
The Central Bank of Nigeria (CBN) has authorised deposit money banks (DMBs) to resume sales of foreign exchange to bureau de change operators (BDCs). This step by the CBN may
Harisson Owoh, an accountant and bureau de change (BDC) operator, says the naira is on the path to recovery as banks were set to sell Forex to BDC Operators. Owoh
The Presidency has said that the subsidy on foreign exchange offered to Muslim pilgrims was also made available to Christian
The Central Bank of Nigeria (CBN) has mandate Deposit Money Banks (DMBs) to sell dollars to 65,167 Nigerians at the
The naira has depreciated by over 91 percent at the parallel market in the past one year, TheCable can report.
US oil – West Texas Intermediate – fell below $40 per barrel for the first time since April, as Brent
The naira is depreciating on all fronts to trade as low as 382 to the dollar in Nigeria’s commercial capital,
The naira fell to a new record low on Wednesday at the official market, following the central bank’s decision to hike
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