The Nigerian naira on Tuesday sank to 480/$1 as fresh forex scarcity hit the parallel market. The depreciating naira also traded at 585 and 500 to the British pound and
Tag "forex"
The Nigerian foreign exchange (forex) reserves have been on the increase for four consecutive weeks, TheCable can report. According to latest data from the Central Bank of Nigeria (CBN), the
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the apex bank has injected enough forex into the aviation sector, wondering the cause of lamentation by aviation stakeholders.
Currency traders in Lagos became apprehensive on Wednesday as the naira depreciated thrice in six hours at the parallel market. The traders were meeting in clusters, painstakingly trying to unravel
To rescue airlines, manufacturers and agricultural companies from foreign exchange scarcity, the Central Bank of Nigeria (CBN) has decided to
Innoson Vehicle Manufacturing (IVM), an indigenous auto company, may soon be forced to cut its workforce over the persistent forex
The Nigerian naira fell to 423 against the dollar at the parallel market on Wednesday, after the National Bureau of
The Central Bank of Nigeria (CBN) has recorded an inflow of $595 million into the country’s foreign exchange reserves in
The Central Bank of Nigeria (CBN) has announced new licences for 11 International Money Transfer Operators (IMTOs), including World Remit. Earlier,
The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to freeze accounts of companies “masking” as individuals
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