The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end users. In a circular signed by
Tag "naira"
Africa’s largest economy has descended into its second recession in less than five years as oil production dropped to a four-year low. Nigeria’s GDP shrank 3.62% in the three months
The federal government, Central Bank of Nigeria (CBN) and attorney-general of the federation (AGF) are battling with a suit filed by Malcolm Omirhobo, a Lagos-based lawyer, seeking the removal of
Muhammed Sanusi, former governor of the Central Bank of Nigeria (CBN), says the devaluation of the naira will continue unless Nigeria’s appetite for imported items reduces. The CBN has had
The Association of Bureau de Change Operators of Nigeria (ABCON) says the N2 profit margin that comes with exchanging the
The naira continued its rally against the dollar at the parallel market section of the foreign exchange market. Bureau de
The naira has strengthened at the parallel market to N448 against the dollar after the Central Bank of Nigeria (CBN)
Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. This was
The Central Bank of Nigeria (CBN) has adjusted the spot exchange rate displayed on its website to N379 against the
The Association of Bureau De Change Operators of Nigeria (ABCON) says reopening the bureau de change window for foreign exchange
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